Finance · Correspondent
In financial markets, what is a 'correspondent'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A third-party auditor responsible for verifying the annual financial statements of a brokerage firm.
- 2A media professional specialized in broadcasting real-time stock market news.
- 3A regulatory officer appointed by the central bank to monitor daily market transactions.
- 4A financial institution that performs services on behalf of another institution in a market where the latter lacks direct access.✓
Correct answer
A financial institution that performs services on behalf of another institution in a market where the latter lacks direct access.
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