Correspondent

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Correspondent

A bank, Securities firm, or other financial institution that regularly renders services for another in an area or market to which the other party lacks direct access. A bank that functions as an agent for another bank and carries a deposit balance for a bank in another city.

Securities firms may have correspondents in foreign countries or on exchanges—organizations that provide facilities for convening purchasers and sellers of securities—of which the firms are not members.

The term correspondent is distinct from corespondent—a person summoned to respond to litigation, together with another person, particularly, a paramour in a Divorce action based on Adultery.

References in classic literature ?
I try to answer every letter of my young correspondents; yet sometimes there are so many letters that a little time must pass before you get your answer.
In the ease of Turlington's house, the foreign merchants had drawn their bills on him for sums large in the aggregate, if not large in themselves; had long since turned those bills into cash in their own markets, for their own necessities; and had now left the money which their paper represented to be paid by their London correspondents as it fell due.
FIRST CORRESPONDENT: "I despair, my dearest Sara, of being able to tell you how your last letter has distressed me.
"By the same sign, which, at the same time, tells my right-hand correspondent that I am ready, while it gives notice to my left-hand correspondent to prepare in his turn."
In his own case he felt that such an imposition would be peculiarly obnoxious, for had she not read that cursed Klondike correspondent's book?
Your correspondent," Razumov said in an almost openly mocking tone.
"My correspondent has just left Miss Ladd," the doctor answered.
Meanwhile he held on to his modest position in a mercantile house in New Orleans, where an equal familiarity with English, French and Spanish gave him no small value as a clerk and correspondent.
Loscombe's correspondent -- the nephew of the gentleman who owns this house, and whose charity has given me an asylum, during the heavy affliction of my sickness, under his own roof.
Setting his own interests out of the question, Hardyman owed obligations to the kindness of his illustrious correspondent which made it impossible for him to send an excuse.
There the name of the widow was, unquestionably; figuring for the second time in type, in a letter of the gossiping sort, supplied by an "Occasional Correspondent," and distinguished by the title of "Sayings and Doings in the North." After tattling pleasantly of the prospects of the shooting season, of the fashions from Paris, of an accident to a tourist, and of a scandal in the Scottish Kirk, the writer proceeded to the narrative of a case of interest, relating to a marriage in the sphere known (in the language of footmen) as the sphere of "high life."
And always, before the name of the town, is placed a letter or a sign, to indicate who the correspondent is, so that the authorities can find him when they want to hang him.