offshore

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Related to Overseas Banks: Swiss banks

offshore

based or operating abroad in places where the tax system is more advantageous than that of the home country

offshore

[′ȯf¦shȯr]
(geology)
The comparatively flat zone of variable width extending from the outer margin of the shoreface to the edge of the continental shelf.
References in periodicals archive ?
The United States used to rely on foreign supervisors to watch overseas banks, allowing them to hold less capital than their domestic counterparts, on the assumption that the parent company was sufficiently capitalized.
But that policy ended after the Fed extended hundreds of billions of dollars in emergency loans to overseas banks during the financial crisis, which sparked fears foreign banks were not sufficiently capitalized in the United States.
Northern Rock maybe small in global terms, but in terms of the UK mortgage market it has a big share and it could be a great way for an overseas bank to have a UK presence.
In terms of the mortgage market it has a big share and it could be a great way for an overseas bank to have a UK presence
Overseas banks are currently operated as branches of a holding company incorporated elsewhere.
With this development, overseas banks will now be able to establish "wholly owned subsidiaries" in India, facilitating the entities to start operations of new branches across the nation.
Under the scheme, the Export Credits Guarantee Department (ECGD) will guarantee up to 90 percent of the value of confirmed letters of credit issued by 282 overseas banks in 36 countries to five of the UK's largest banks.
The UK banks will in turn receive payment from the ECGD if the overseas bank fails to make the payment on the letter of credit.
Overseas banks in India may have to sell a part of their stake in their local units in order to meet government norms.
We are considering proposals from overseas banks to sell this product.

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