Dan Ciporin at Cirrus was quoted in the article as saying that as a result of a network agreement, there is no fee for overseas transactions.

It was also why he allowed Mary to chastise him for being cheated in his overseas transactions.

They exhibited two salon organs at the 1878 Paris Exposition, one of which, sold to London, marked their first overseas transaction.

Fidelity Investments the Boston-based mutual fund company, estimates that overseas transactions can cost five times as much to clear as domestic ones.

Such overseas transactions were used by the Sept. 11 hijackers to wire more than $130,000, officials said, and are still believed to be vulnerable to terrorist financiers.

Potential profits on overseas transactions can be reduced, eliminated or enhanced by adverse or favourable exchange rate movements.

Mr. Miller said that the French interest in overseas corporate transactions goes back several years.

The step will enable more foreigners to acquire Indian stock, real estate and other assets, as well as ease delays in overseas transactions.

The PBC is also responsible for international trade and other overseas transactions.

But the deficit from America's overseas transactions represents less than 3 percent of the nation's $6 trillion plus in annual economic activity.