Secondary Bank

Secondary Bank

1. A bank that provides financing for purchases that require repayment on an installment plan.

2. A bank that provides financing to other banks, rather than to businesses or individuals.
References in periodicals archive ?
While just 5 percent of consumers use a secondary bank for checking and savings, 42 percent use a secondary bank for a credit card, 24 percent for a mortgage, 24 percent for an auto loan, and 27 percent for an IRA.
Given Japanese habits related to financial eggs and multiple banking baskets (in 2005, over 520 million bank accounts, including Post Office accounts, were held by a total population of just over 120 million people), the role of a secondary bank is hardly a rarity and is a viable market position.
Though the same criteria were found to be strongly influential in choosing the secondary bank, offering an incentive was also significantly more important in prompting the choice of secondary bank.
There is still plenty of credit about for appropriately priced and valued projects and much of the pain has been felt by hedge funds and the odd secondary bank in Europe.
Banks can receive concentrated SWIFT communications from corporate clients without forming a MA-CUG in which clients need to implement SWIFT or translate data from treasury workstations into ISO 15022; this simplifies cases in which transfer of client data from a secondary bank through a primary bank is inappropriate.
The program would have three components: (a) regulation of the Execution of the Monetary Policy and Adjustment of the structure of the Central Bank to fulfill the objectives of the new Monetary Law; (b) strengthening of the banking supervision and development of the financial market; and (c) creation of a secondary bank--the new Monetary and Financial Law includes the constitution of a new secondary bank that will be dedicated to the arrangement and facilitation of resources for the productive sectors, as well as the promotion of a secondary market of mortgages.
I got a job interview with the manager of a secondary bank.
Compared to existing financial aid disbursement products or credit cards, BlackboardPay protects students by eliminating overdraft exposure and PIN debit fees while reducing the need for a secondary bank card.
Remember Credit Squeezes and the Secondary Bank crisis?
ereorg's commitment to provide the most efficient and secure platform for the secondary bank loan and trade claim markets is underscored by our selection of Wilmington Trust.
0 includes an enhanced version of LoanMail, the communications module of LoanConnector through which major banks have been syndicating corporate loans, exchanging documents and sending and receiving updated secondary bank loan prices, all via secure platforms.
There are any number of smaller institutions that would like to improve their loan portfolio management via the secondary bank loan market but don't want to allocate large resources to staffing an entire loan-trading operation.