Reinvoicing center
A central financial subsidiary used by an mnc to reduce transaction exposure by having all home country exports billed in the home currency and then reinvoiced to each operating affililate in that affiliate's local currency. It can also be used as a netting center. |
Similar financial terms
Money center banksBanks that raise most of their funds from the domestic and international money markets , relying less on depositors for funds.
Commodities Exchange Center (CEC)
The location of five New York futures exchanges: Commodity Exchange, Inc. (COMEX), the New York Mercantile exchange (NYMEX), the New York Cotton Exchange, the Coffee, Sugar and Cocoa exchange (CSC), and the New York futures exchange (NYFE).
