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Correspondent: A correspondent is a financial institution, such as a bank or brokerage firm, that handles transactions on behalf of another financial institution that it can’t complete on its own. For exam . . . View Full Definition

Loan Correspondent: A person or entity that acts for a lender in arranging loans or the sale of loans.

American Depository Receipt (ADR): Certificates issued by a U.S. depository bank, representing foreign shares held by the bank, usually by a branch or correspondent in the country of issue. One ADR may represent a portion of . . . View Full Definition

American Depository Receipt Fees: Fees associated with the creating or releasing of ADRs from ordinary shares, charged by the commercial banks with correspondent banks in the international sites.