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Subsidiary

• A foreign-based affiliate that is a separately incorporated entity under the host country's law.

 
 Referenced Terms
 All current rate method: The method by which the functional currency--denominated financial statements of an MNC's Subsidiary is translated into the parent company's currency.

 Consortium banks: A merchant banking Subsidiary set up by several banks that may or may not be of the same nationality. Consortium banks are common in the Euromarket and are active in loan syndication.A merchant banking Subsidiary set up by several banks that may or may not be of the same nationality. Consortium banks are common in the Euromarket and are active in loan syndication

 Consortium banks: A merchant banking Subsidiary set up by several banks that may or may not be of the same nationality. Consortium banks are common in the Euromarket and are active in loan syndication.A merchant banking Subsidiary set up by several banks that may or may not be of the same nationality. Consortium banks are common in the Euromarket and are active in loan syndication

 Edge act corporation: A Subsidiary of a U.S. bank set up to carry out international banking business. Most such "subs" are located within the U.S.

 International finance subsidiary: A Subsidiary incorporated in the U.S., usually in Delaware, whose sole purpose was to issue debentures overseas and invest the proceeds in foreign operations, with the interest paid to foreign bondholders not subject to U.S. withholding tax. The elimination of the corporate withholding tax has ended the need for this type of subsidiary.

 
 Related Terms
 Foreign subsidiary
Integrated foreign subsidiary
International finance subsidiary
Limitation on subsidiary borrowing
Offshore finance subsidiary
Self sustaining foreign subsidiary

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