Introduction

An all important credit risk for purposes of evaluating Offshore Financial Centers is the risk that an intermediary party to a transaction poses with respect to transactions of counter-parties. Offshore Tax Havens provide extraordinary tax regimes and reduced or negligible regulation costs. They are a conduit necessity of international corporate structure in the global economy. But the risks associated with different legal systems and a non-regulatory environment must be part of the evaluation of an Offshore Center. The intention of this writing is to provide an awareness of settlement systems of financial institutions servicing a particular Offshore Financial Center. Understanding the risk inherent in these processes better enables the risk to be managed. Management results Read More