AGENT BANK
A bank which moves in accordance to the directives given by an another bank. Its objective may be discerned depending on any of the three types of banks
- A bank belonging to a loan syndicate that gives advises to other participating banks on the changes and advances in interest rates for a domestic or foreign borrower.
- A bank that is currently a participant in the credit program of another bank whose tasks is to issue credit cards and perform other duties (financing card receivables are not included)
- A foreign bank operating in U.S. as a representative of its parent bank. Their main tasks are mostly issuing international letters of credit, but they do not accept deposit.
They are sometimes referred as "agency bank"
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ECONOMIC CALENDAR
Time | Country | Indices | Period |
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07:00 | Leading Indicators | Jan | |
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13:00 | CBI retail sales volume balance | Mar | |
13:00 | CBI retail sales volume balance | Mar | |
14:25 | FOMC Member Raphael W. Bostic Speaks | ||
14:25 | FOMC Member Raphael W. Bostic Speaks | ||
16:00 | New Home Sales | Feb | |
16:00 | New Home Sales | Feb | |
01:30 | Westpac Consumer Sentiment | Mar |