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Understanding Correspondents: Their Roles and Responsibilities

A correspondent is a person or entity that acts as an intermediary between two parties in a transaction or communication. They may be involved in facilitating the exchange of information, goods, or services between the parties.

For example, a correspondent bank is a bank that provides banking services to clients in another country, acting as an intermediary between the client and the local bank. Another example is a correspondent in journalism, who is a person who contributes articles or reports to a news organization from a remote location.

In general, a correspondent serves as a point of contact for one party and communicates with the other party on their behalf, helping to facilitate communication, negotiation, or transaction.

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