offshore

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Offshore

Describing an institution, especially a bank, that exists in a foreign country. Colloquially, the term refers to institutions that exist in known tax havens. Individuals and companies use offshore accounts to avoid or evade taxes in their home countries. As a result, some emerging financial centers have objected to being called "offshore," asking for parity with the developed financial world.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

offshore

Of or relating to a financial organization whose headquarters lies outside the United States. Although offshore institutions must abide by U.S. regulations for operations carried on within the U.S., other activities generally escape domestic regulation.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
To study whether the job satisfaction based on experience among employees in Indian overseas bank. The mean value indicate that 2.778 than the above 15 years of experienced got high level of job satisfaction, than 11 to 15 years of experienced with mean value of 2.3944 than 6 to 10 years of experienced with mean value of 2.3294 and finally than mean value is less than 5 years of experienced are 2.1538.
This initiative will also benefit the Indian Overseas Bank in broadening its MSME customer base as well as reduce transaction costs.
Global Banking News-January 11, 2019--United Overseas Bank renews bancassurance deal with Prudential
Global Banking News-December 21, 2010--Indian Overseas Bank raises INR13.65bn via debt sale(C)2010 ENPublishing - http://www.enpublishing.co.uk
BANKING AND CREDIT NEWS-February 12, 2019--Singapore's United Overseas Bank launches branch focussed on the super-rich
M2 EQUITYBITES-January 11, 2019--United Overseas Bank renews bancassurance deal with Prudential
Global Banking News-November 30, 2018--Indian Overseas Bank to raise capital via bonds
State-run Union Bank of India (532477.BO) (UNBK.NS) (UNIONBANK.NS) and Indian Overseas Bank (532388.BO) (IOB.NS), have increased their benchmark prime lending rates (PLRs), Dow Jones has reported, citing separate filings by the two banks to the Bombay Stock Exchange.
BANKING AND CREDIT NEWS-January 11, 2019--United Overseas Bank renews bancassurance deal with Prudential
M2 EQUITYBITES-November 30, 2018--Indian Overseas Bank to raise capital via bonds
Global Banking News-November 13, 2018--Singapore's Grab to integrate United Overseas Bank services into its app
Global Banking News-December 6, 2010--Indian Overseas Bank raises USD150m via loans(C)2010 ENPublishing - http://www.enpublishing.co.uk

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