(Referring to NOVA relationship) Also called processing banks. NOVA quotes pricing to these banks and the banks, in turn, quote pricing to the merchant.
Bank appointed by members of an international lending syndicate to protect the lenders' interests during the life of a loan.
a bank named by a multi-bank lending syndicate to protect their interests
a bank that acts as an agent for a foreign bank
(1) A bank acting for a foreign bank. (2) In the Euro market - the agent bank is the one appointed by the other banks in the syndicate to handle the administration of the loan.
A bank that participates in another bank's acquiring program, usually by turning over its applicants for bank cards to the bank administering the bank acquiring program.
A bank that, by agreement, participates in another bank's card program, usually by turning over its Cardholder and Merchant applications for bank cards to the bank administering the bank card program and by acting as a depository for Merchants.
a bank authorized to act on behalf of a individual
A bank acting on behalf of a foreign bank.
Term used in documentary collection transactions referring to a bank, which is acting on instructions of another bank to collect money, usually by means of a draft.
A bank that leads, structures or manages certain types of loan and other transaction, often for a Syndicate of other lenders.
The bank which takes on the role of the administration of the loan on behalf of the participants to a securitisation transaction..
