controlled account

controlled account

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.
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24 May 2013 -- US financial services firm and custody and agency services provider Bank of America Merrill Lynch (NYSE: BAC) said that it has launched Cuenta Controlada (controlled account) services in Mexico for Mexican pesos and US dollar transactions.
The Cuenta Controlada (controlled account) service regulates the exchange of cash--in either pesos or U.S.

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