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FIRE 473 SCSU International Banking Operations and Country Risk Paper

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Economics

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St Cloud State University

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International Finance (FIRE 473/573) NOTE 5: INTERNATIONAL BANKING OPERATIONS AND COUNTRY RISK I. International Banking Operations • • • • • • • Finance foreign trade and foreign investment Underwrite Eurobonds and foreign bonds Borrow and lend in the Eurodollar market Organize syndicated loans Participate in international cash management Solicit local currency deposits and loans Give information and advice to clients II. Types of Foreign Banking Offices 1.) Representative offices: do not accept deposits or make loans; foreign office established when parent bank does business in that country; give advice and collect info; usually opened to simply do prelim work before the formal office is opened; liaison between parent bank and local banks 2.) Correspondent banks: informal arrangement in which a bank maintains deposit balances with banks in other countries 3.) Branch bank ...
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