Intervention account and Offshore: Difference between pages

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Intervention accounts or similar arrangements exist in the USA and some parts of Asia. The concept of an intervention account is that the supplier of goods opens an account with the same bank and branch as its customer.
1.
The siting of a currency asset in a location other than the country of which the currency is the domestic currency.
For example, a holding of Japanese Yen in the United States (which would also be known as 'Euroyen').


Goods are delivered to a local warehouse (often to the ‘order’ of the bank) and the document of title to the goods is sent to the bank. On receipt, the bank has the authority to debit the buyer’s account, credit the supplier’s account and to release the title to the goods to the buyer.  
2.
The term is also used in the context of transactions with a company resident in a tax haven, or about a company itself resident in a tax haven.


The movement of funds is immediate, same-day with no float.
== See also ==
* [[Euro]]
* [[Finance vehicle]]
* [[Tax haven]]


== See also ==
* [[Cash concentration]]
* [[Cash pool]]
* [[Float]]
* [[Master account]]
* [[Zero balance account]]

Revision as of 14:20, 23 October 2012

1. The siting of a currency asset in a location other than the country of which the currency is the domestic currency. For example, a holding of Japanese Yen in the United States (which would also be known as 'Euroyen').

2. The term is also used in the context of transactions with a company resident in a tax haven, or about a company itself resident in a tax haven.

See also


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