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… an account that is held on behalf of one end user or more Holding funds on behalf of an end-user Initiation of an … credit unions are owned by their members, not shareholders, and operate within a cooperative framework. 9 … systems, initiatives and interact with other major stakeholders in the financial ecosystem. Exposure to and …

… correspondent banking services from an American bank that holds a nostro account on behalf of the Canadian bank, where … in CAD. Essentially, financial institutions (FI) are holding balances with each other, making correspondent … while the gross market value of OTC derivatives in the same period was US$10 trillion. 23 In the context of disruption …