ancillary transaction
Defined in 1 dictionary — U.S. Code
United States Code
50 U.S.C. § 4589 — in this subchapter
In this paragraph, the term “ancillary transaction” means, subject to regulations prescribed by the Secretary—
(i) the processing, settling, clearing, or sending of payments and cash transactions;
(ii) underwriting services, including the temporary acquisition of an equity interest for the sole purpose of facilitating underwriting services;
(iii) credit rating services; and
(iv) other services ordinarily incident to and part of the provision of financial services, such as opening deposit accounts, direct custody services, foreign exchange services, remittances services, and safe deposit services.