merchant bank

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Merchant bank

A British term for a bank that specializes not in lending out its own funds, but in providing various financial services such as accepting bills arising out of trade, underwriting new issues, and providing advice on acquisitions, mergers, foreign exchange, portfolio management, etc.

merchant bank

An investment bank that commits its own funds by taking a creditor position or equity interest in another firm. For example, a merchant bank may provide temporary financing for a leveraged buyout.

merchant bank

a BANK which offers a range of financial facilities and services to clients. The merchant banks are still involved in what was their original business, namely the provision of merchandise finance, in the form of ‘acceptance’ notes on BILLS OF EXCHANGE to importers and exporters to cover products in transit. They have extended their interests variously into investment management, stockbroking, MARKET MAKING and corporate finance (see VENTURE CAPITAL). In the latter capacity, merchant banks arrange new stock and share issues on behalf of corporate clients (see SHARE ISSUES) and UNDERWRITE such issues. Merchant banks nowadays play a particularly prominent role in advising corporate clients on MERGERS and TAKEOVER BID tactics and in putting together the financial terms and details of such deals. See BANKING SYSTEM, INVESTMENT BANK.

merchant bank

a BANK that offers a range of financial facilities and services to clients. The merchant banks are still involved in what was their original business, namely the provision of merchandise finance in the form of ‘acceptance’ notes on BILLS OF EXCHANGE to importers and exporters to cover products in transit. They have variously extended their interests into investment management, stockbroking, market-making (see MARKET MAKER) and corporate finance (see VENTURE CAPITAL). In the latter capacity, merchant banks arrange new stock and SHARE ISSUES on behalf of corporate clients and UNDERWRITE such issues. Merchant banks nowadays play a particularly prominent role in advising corporate clients on MERGERS and TAKEOVER BID tactics and in putting together the financial terms and details of such deals. See BANKING SYSTEM.
References in periodicals archive ?
Six months ago she married merchant banker Rupert Wise and moved to South America, where he is setting up his own business.
Mr Koh's experience spans over nine years at Commerce International Merchant Bankers, a leading investment bank in Malaysia, as well as time as Head of Corporate Finance at Avenue Securities, where he was instrumental in setting up and managing the company's work in debt, IPO's, M&A, reverse take-overs and other corporate actions.
In SD001, "First Virtual Announces Easy, Secure System for Transacting Business on the Internet; Merchant Banker Links Buyers and Sellers in Cyberspace," moved Oct.
To begin the procedure of disinvestment, the Department of Disinvestment (DoD) has called for bids for hiring merchant bankers to manage the share sale.
the empowered group of ministers ( EGoM) did not accept recommendations of the merchant bankers on valuation issues," disinvestment secretary Ravi Mathur told journalists here after the meeting.
So, come the euro day a bunch of merchant bankers sit down to negotiate the entry of Cyprus into the eurozone.
They visited London to get a taste of the banking sector, visiting Deutsche Bank to see merchant bankers and attending a conference at the Royal Festival Hall which included a networking session.
India's finance ministry, through its dis-investment division, has invited proposals from merchant bankers to manage the initial share sale of state-owned' National Building Construction Corporation (NBCC).
Australian Manufacturing Workers Union National Secretary Doug Cameron told The Australian that the union does not want the airline "treated as a plaything by merchant bankers and cashed-up equity consortiums.
In 1996, it went public under the name CB Commercial then, in 2001, it was bought by a group of investors led by Richard Blum of merchant bankers, Blum Capital partners.
Letwin, 47, is a director at merchant bankers NM Rothschild, with share options thought to be worth pounds 100,000.
THE son of a Scots MP is one of three merchant bankers to have been charged over an alleged pounds 4.