The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

HERSTATT RISK Definition & Legal Meaning

Definition & Citations:

The cross currency risk when working hours of the banks to not meet due to time zones. It can cause a chain of cross defaults if business is not handles in a timely manner. A german bank called Bankhaus Herstatt is what it is named after when this occured


This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.