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 ?
Two of are consortia dominated by merchant bankers, overseas companies and property developers.
33- per cent share, the merchant bankers had a tough time in arriving at a share price that would be acceptable to investors.
The Department of Disinvestment has shortlisted Avendus, IDBI Capital Market Services and IDFC as merchant bankers to manage the stake sale of the company.
The deadline for merchant bankers to submit their bids is May 26.
Sir Angus was speaking as merchant bankers Noble Grossart, of which he is managing director, said its pre-tax profits for last year were up again to pounds 4.
To begin the procedure of disinvestment, the Department of Disinvestment (DoD) has called for bids for hiring merchant bankers to manage the share sale.
DTL Vice-chairman Kannan Vishwanath said, We are in talks with a couple of merchant bankers for a possible sale.
Applications were also sought by department of disinvestment for merchant bankers to manage its stake sale in petroleum exploring company Oil India.
Pilot's network of professionals consists of financial analysts, institutional investors, broker-dealers, investment and merchant bankers and other media outlet channels.
The alliance consists of almost 200 influential member firms including NASD broker/dealers, investment and merchant bankers, investment advisors, analysts, market makers, venture capitalists, fund managers, media and accredited investors.
Pilot's network of professional consists of financial analysts, institutional investors, broker-dealers, investment and merchant bankers and other media outlet channels.