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Investing Glossary:
Reinvoicing center
Copyright 2010,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Term: |
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| Definition: |
| 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 center.
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