financial intermediary


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Financial Intermediary

A financial institution that stands between counterparties in a transaction. For example, in the sale of a house, a bank usually serves as a financial intermediary by providing a mortgage to the homebuyer. In some non-traditional transactions, a bank may buy a product, such as corn, and immediately re-sell it for a profit to a third party. Most transactions requiring a loan to one of the parties include financial intermediaries. See also: Murabaha.

financial intermediary

A financial institution such as a commercial bank or thrift that facilitates the flow of funds from savers to borrowers. Financial intermediaries profit from the spread between the amount they pay for the funds and the rate they charge for the funds. Also called intermediary. See also intermediation.

financial intermediary

an organization that operates in financial markets linking LENDERS and BORROWERS or SAVERS and INVESTORS. See FINANCIAL SYSTEM, COMMERCIAL BANK, SAVINGS BANK, BUILDING SOCIETY, PENSION FUND, INSURANCE COMPANY, UNIT TRUST, INVESTMENT TRUST COMPANY, INTERMEDIATION.

financial intermediary

an organization that operates in financial markets, linking LENDERS and BORROWERS or SAVERS and INVESTORS. See FINANCIAL SYSTEM, COMMERCIAL BANK, SAVINGS BANK, BUILDING SOCIETY, PENSION FUND, INSURANCE COMPANY, UNIT TRUST, INVESTMENT TRUST COMPANY, INTERMEDIATION.
References in periodicals archive ?
According to Mike McNeill, managing director of Boston Financial's Financial Intermediary Administration (FIA(TM)) business, effective intermediary oversight is clearly perceived as a serious need at the Board level.
Lenders lend to borrowers through a financial intermediary in order to economize on monitoring costs.
It's clear that achieving transparency is critical to an effective Financial Intermediary oversight and risk management program," said Michael McNeill, a managing director at Boston Financial.
Sun Life has earned DALBAR's 2007 Financial Intermediary Post Sale Service award by demonstrating an unwavering service commitment to financial intermediaries over the past year," says Csilla von Csiky, Managing Director at DALBAR.
Our FIA solutions address our clients' need for enhanced tools and solutions to manage and help in the oversight of their financial intermediary relationships," said Mike McNeill, division vice president for Boston Financial.
President and CEO, stated: "We are delighted to work with a partner with the skills and experience of Concord Financial Intermediary GmbH.
Procurement : The financial intermediary will be required to ensure that any procurement procedures carried out by the final beneficiaries for the sub-projects that the Bank finances are in accordance with the EIB Guide to Procurement and national procurement legislation.
The Financial Intermediary Post-Sale Service Award symbolizes the achievement of the highest tier of service provided to intermediaries within the financial services industry.
While we like to think of the lawyers as the ringmasters, it is somewhat easier today to enlist a lawyer's services than to persuade a broker-dealer or other financial intermediary to support the project.
NEW YORK -- Robeco Investment Management, the US asset management arm of Robeco Group, announced today that it is further expanding its commitment to the financial intermediary and SMA channels and has recently entered into relationships with SEI Investments Inc.
Promoter Financial Intermediary : ACCEPTABLE BANK(S), BANCO DE AHORRO Y CREDITO ADOPEM SA
Existing shareholders will be permitted to make additional investments and reinvest distributions after the Closing Date in any account that held shares of the Fund either directly or through a financial intermediary as of the Closing Date.

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