Answer:
A bank in one country which acts as agent for a bank of another country by signing/establishing agency agreement/arrangement. By establishing correspondent relationship both banks exchanged their control documents, namely Test Key, Authorized Signature Booklet, Tariff conditions etc. for authenticating their banking transaction to be routed as per arrangement.
A bank in one country which acts as agent for a bank of another country by signing/establishing agency agreement/arrangement. By establishing correspondent relationship both banks exchanged their control documents, namely Test Key, Authorized Signature Booklet, Tariff conditions etc. for authenticating their banking transaction to be routed as per arrangement.
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