


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.



