(ECONOMICS) Bank for central banks. It takes deposits from central banks and provides financial services, including underwriting bills of exchange. It is based in Basle, Switzerland and was founded in May 1930, for the purpose of facilitating reparations payments by Germany to the Allies.
The BIS also provides a forum for international coordination of monetary policy, conducts financial research, and acts as an agent or trustee for international financial settlements. About 140 central banks and international financial institutions have deposits with the BIS. As of June 2010, currency deposits totaled approximately $303 billion dollars, or about four percent of world foreign exchange reserves.
The BIS also provides a forum for international coordination of monetary policy, conducts financial research, and acts as an agent or trustee for international financial settlements. About 140 central banks and international financial institutions have deposits with the BIS. As of June 2010, currency deposits totaled approximately $303 billion dollars, or about four percent of world foreign exchange reserves.
The Bank for International Settlements (BIS) was created by the Dawes/Young Plan for coordinating the transfer of billions of Reichsmarks in reparations from Germany to the Allied powers after WW1. Almost at one, the BIS switched to managing international transactions of gold or hard currency. It also facilitated financial transactions between the Nazi regime and neutral countries during the War.
The BIS provides a very wide variety of specialized services, including underwriting and arbitration in fiduciary disputes.
The BIS provides a very wide variety of specialized services, including underwriting and arbitration in fiduciary disputes.
by Primus Intra Pares July 19, 2010
Get the Bank for International Settlements mug.by E gah April 23, 2005
Get the red bank mug.Noun.
A metaphorical storage centre where pictures, videos, mental images, thoughts or otherwise can be held for safe keepings with the intention to masturbate to at a more convenient time.
A metaphorical storage centre where pictures, videos, mental images, thoughts or otherwise can be held for safe keepings with the intention to masturbate to at a more convenient time.
by AdamtheDykes December 28, 2010
Get the Wank Bank mug.Tyra looked hot at the VS angels runway show, but she reminds me of a black Britny Spears in her "America's Top Model" music video
by Meghan February 24, 2004
Get the tyra banks mug.(FINANCE) a company that exists for the sole purpose of owning a controlling interest in the several branches of a bank.
Owing to the interplay of US federal and state banking laws, it is often necessary for a bank to incorporate itself as a separate and distinct company in different states, or for different business functions (e.g., capital management, underwriting/investment banking, savings banking, etc.).
One of the exasperating benefits that bank holding companies get is a further limitation of liability. Often, the structure of the bank holding company is such that one of the firms owned (like Washington Mutual Bank, Inc.) can be insolvent, without resulting in the liquidation of the holding company.
Owing to the interplay of US federal and state banking laws, it is often necessary for a bank to incorporate itself as a separate and distinct company in different states, or for different business functions (e.g., capital management, underwriting/investment banking, savings banking, etc.).
One of the exasperating benefits that bank holding companies get is a further limitation of liability. Often, the structure of the bank holding company is such that one of the firms owned (like Washington Mutual Bank, Inc.) can be insolvent, without resulting in the liquidation of the holding company.
Practically every financial intermediary in the USA is now owned by a bank holding company. They're totally insidious!
by Abu Yahya May 5, 2010
Get the bank holding company mug.Why you wit him if his troops don't buck/
I'll have the coroner wrapping you in plastic like a Fruit Roll-Up/
I get brain like every female in my past's intelligent/
And go through more nuts than the average elephant/
They actin' like they own slugs and armoury/
But if we bump heads they be talkin' faster than Bone Thugs N Harmony"
I'll have the coroner wrapping you in plastic like a Fruit Roll-Up/
I get brain like every female in my past's intelligent/
And go through more nuts than the average elephant/
They actin' like they own slugs and armoury/
But if we bump heads they be talkin' faster than Bone Thugs N Harmony"
by Ziggss November 12, 2003
Get the Lloyd Banks mug.To have no friends, resources, or the ability to make reciprocal conversation. Most socially bankrupt individuals live out lives of social isolation. Others who are socially bankrupt will apply for social welfare by paying to join groups to make friends. Sometimes socially bankrupt individuals experience social aphasia, which results in the bankruptcy of their social lives.
After years of drug abuse, deception, cheating, stealing, and racism Bobby was socially bankrupt.
Socially bankrupt, Tammy turned to an organization promoting the promise of true love.
Socially bankrupt, Tammy turned to an organization promoting the promise of true love.
by SsTtUu June 10, 2011
Get the Socially Bankrupt mug.