Reinvoicing center

A central financial subsidiary used by an MNC to reduce transaction exposure by having all home country exports billed in the home currency and then reinvoiced to each operating affililate in that affiliate's local currency. It can also be used as a netting center. The New York Times Financial Glossary

Financial and business terms. 2012.

Look at other dictionaries:

  • Reinvoicing Center — A subsidiary or department of a multinational corporation where all intrafirm transactions are centralized and foreign currency related receivables and liabilities are netted. The means of hedging the entire multinational firm s foreign currency… …   Investment dictionary

  • reinvoicing center — A central financial subsidiary an MNC uses to reduce transaction exposure by billing all home country exports in the home currency and reinvoicing to each operating affiliate in that affiliate s local currency. It can also be used as a netting… …   Financial and business terms

  • Tax haven — A tax haven is a place where certain taxes are levied at a low rate or not at all. Individuals and/or firms can find it attractive to move themselves to areas with lower tax rates. This creates a situation of tax competition among governments.… …   Wikipedia

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