What does OBUs mean? What is the full form of OBUs?
The full form of OBUs is Offshore Banking Units
An offshore banking unit (OBU) is a bank shell branch, located in another international financial center. For instance, a London-based bank with a branch located in Delhi. Offshore banking units make loans in the Eurocurrency market when they accept deposits from foreign banks and other OBUs. Eurocurrency simply refers to money held in banks located outside of the country which issues the currency.
Local monetary authorities and governments do not restrict OBUs’ activities; however, they are not allowed to accept domestic deposits or make loans to residents of the country, in which they are physically situated. Overall OBUs can enjoy significantly more flexibility regarding national regulations.
OBUS
means
Offshore Banking Units
Translate Offshore Banking Units to other language.
Select another language: Go
Do you want to know What does OBUS mean? What is the full form of OBUS?. Are you looking for What does OBUS mean? What is the full form of OBUS? What is OBUS stand for? On this page, We talk about the various possible acronym, abbreviation, full form or slang term of OBUS. The Full Form of OBUS is Offshore Banking Units
You also might want to know: how to pronounce OBUS,
how to pronounce Offshore Banking Units,
Still can't find the acronym definition for OBUS? Please use our site search to look for more acronyms.
Showing the full form of OBUS: 'Offshore Banking Units' on your site.
Leave a Reply
You must be logged in to post a comment.