Correspondent bank in interbank transaction

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Question

In instances of failure/error by either the Customer's Bank or the Correspondent Bank in an Interbank Transaction, there are numerous remedies available to the customer'. Discuss with decided legal authorities, the nature of correspondent banking/interbank networks, and the legal remedies available to a customer where that customer suffers losses owing to an error or failure of the customer's bank and/or the correspondent bank.

Reference no: EM133813510

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