News correspondent finance term by the Free Online Dictionary
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A financial organization that performs services (acts as an intermediary) in a market for another organization that does not have access to that market
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correspondent A financial organization such as a securities firm or a bank that regularly performs services for another firm that does not have the requisite facilities or the access to perform the services directly
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http://www.ansaricapital.com, a member of a securities exchange may execute a trade for a nonmember firm
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Correspondent. A correspondent is a financial institution
http://www.munnyrabbit.com, such as a bank or brokerage firm, that handles transactions on behalf of another financial institution that it can't complete on its own
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For example
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