Date-stamp loading
Version date: 16 November 2023 - onwards
  Version 9 of 9    

Interpretive Note to Recommendation 13 (Correspondent banking)

The similar relationships to which financial institutions should apply criteria (a) to (e) include, for example those established for securities transactions or funds transfers, whether for the cross-border financial institution as principal or for its customers.

The term payable-through accounts refers to correspondent accounts that are used directly by third parties to transact business on their own behalf.

Comparing proposed amendment...