/rɪˈspɒndənt bæŋk/ – Phrase
Definition: Ngân hàng đáp ứng
A more thorough explanation: a bank that uses the services of another bank called a correspondent bank for performing certain services, eg check clearing and collection, purchases of securities (=stocks and bonds), purchase and sale of foreign exchange, and participation in large loans. In most cases, the two banks are in different cities.
Example: The respondent bank may want help from the correspondent bank if demand is more than the regional supply of funds.
