The financial definition for International finance subsidiary:
A subsidiary incorporated in the US,
usually in Delaware, whose sole purpose once was to issue
debentures overseas and invest the
proceeds in foreign operations, with the interest
paid to foreign bondholders not subject
to US withholding tax. Elimination of the corporate withholding
tax has ended the need for this type of subsidiary.
Bank for International Settlements (BIS)
Bank for International Settlements (BIS) An international bank headquartered in Basel, Switzerland, which serves
as a forum for monetary cooperation among several European central banks,
the Bank of Japan, and the US
Federal Reserve System. Founded in 1930 to handle the German payment of World War I reparations, it now monitors and collects data on international
banking activity and promulgates rules concerning international bank regulation.