correspondentcor·re·spon·dent /ˌkɒrəˈspɒndəntˌkɔːrəˈspɑːn-, ˌkɑː-/ noun [countableC]1British EnglishBrE a person or organization, especially one in a foreign country, that you regularly do business withAmong a wide circle of friends and correspondents, Cayley seems to have been recognized as a generous and modest man.
2BANKING (also correspondent bank) a bank in one country that acts for a bank in another countryBanks, by overseas representation and correspondents, are able to provide advice on economic, financial and commercial conditions in other countries.
Instructions are sent by airmail to a correspondent bank requesting it to credit the exporter or his bank with an appropriate amount in the exporter’s domestic currency.