A central financial subsidiary used by an M.N.C. to reduce transaction exposure by having all home country exports billed in the home currency and then reinvoiced to each operating affiliate in that affiliate's local currency. It can also be used as a netting center.
REINVOICING CENTER
Meaning of REINVOICING CENTER in English
Campbell R. Harvey. Hypertextual finance English glossary. Английский словарь гипертекстовых финансов. 2012