CBA and the National Bank of Slovakia have signed a memorandum of understanding. A document of this kind is not a binding contract; it records shared intentions and usually lays the groundwork for future cooperation. Agreements of this type are common between central banks and financial institutions, often covering information exchange and staff training. The announcement gives no date for the signing and no description of the planned areas of work. Because of that, readers know only that the two institutions intend to cooperate in some form. Memoranda are frequently the first public step before a fuller cooperation agreement is concluded. More detail from either side would show what the arrangement actually covers.