| multinational corporation | A large company with manufacturing, trading, or service operations in several different countries.
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| shell branches | Booking offices of multinational banks, usually set up offshore to attract deposits and avoid certain domestic banking regulations.
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| representative offices | Facilities established in distant markets by a bank in order to sell the bank's services and assist its clients; these offices usually cannot accept deposits or make loans.
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| Edge Act and Agreement | corporations Special subsidiaries of U.S. banking organizations authorized by federal law to offer international banking services.
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| international banking facilities (IBFs) | A domestically based set of computerized accounts recording transactions of a U.S. bank with its foreign customers.
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| agency offices | Facilities operated in overseas markets by international banks in order to provide customers with selected services (such as cash management).
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| letter of credit | An authorization to draft funds from a bank provided stipulated conditions are met.
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| Eurocurrency deposits | Deposits of funds in a bank denominated in a currency foreign to the bank's home country.
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| Eurocurrency loans | Loans made by a multinational bank in a currency other than that of the bank's home country.
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| Eurobond | A long-term debt security denominated in a currency other than that of the country or countries where most or all of the security is sold.
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| International Banking Act (IBA) | A U.S. law passed in 1978 to bring foreign banks operating in the United States under regulation.
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| International Lending and Supervision Act | A federal law passed in 1983 requiring U.S. banks to increase their capital and to pursue more prudent international loan policies.
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