The bank negotiates a price with the issuer (usually at a discount to the current market price, if applicable).

In France, for example, banks and the union representing their employees negotiate the bank holiday schedule each year.

Government officials say the bank is negotiating over a possible package of tax breaks and other incentives.

The bank is now negotiating with the creditor banks for a further injection of cash into Metallgesellschaft.

Instead of foreclosing on the project, the bank negotiated with Nelson Equities to take over as the developer.

In practice, commercial banks will accept most banknotes from their customers and negotiate them with the Bank of England themselves.

A spokesman for Green Point said the bank was negotiating with the lawyers representing the depositors to reach a settlement.

He declined to say whether other banks were also negotiating a settlement.

The bank is negotiating to sell these loans soon, a spokesman said.

A World Bank official here said the bank is negotiating three loans with Mexico of $500 million each.