offshore banking unit

138 views 2 replies
Can anyone explain meaning of offshore banking unit....
Replies (2)

An offshore banking unit (OBU) is a shell branch located in an international financial center. Offshore banking units (OBUs) make loans in the Eurocurrency market when they accept deposits from foreign banks and other OBUs.

Thank you


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register