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| Definition Of: | ||||||||||||
Fiduciary Account
An amount typically deposited with a Swiss Bank which will redeposit the sum with a third party bank outside Switzerland in its own name (to overcome Swiss withholding tax on interest).
Copyright © 2005 UNODC - United Nations Office on Drugs and Crime.
See also: collection of fixed-term deposits , Capital Adequacy , start date , International Bank for Reconstruction and Development , bank identifier code |
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Banking INDEX:List of Terms: Terms beginning with "A", Page 1 |
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