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 ?
The merchant banker feels that Reliance Jio has made tremendous progress with regard to its much-awaited 4G launch, having already garnered a data capacity market share of 20 percent.
This confirms Chapman's judgement that merchant bankers based in London 'were free to recognize and patronize innovating enterprise from whatsoever corner of the globe it came' (Chapman, 1979a).
HIGH-FLIER: Amara Karan used to be a merchant banker
Merchant banker Laisenia Qarase will replace deposed Prime Minister Mahendra Chaudhry, who is one of 27 hostages being held in the parliament building by armed rebels since May 19.
* That Blount was sold to merchant banker Lehman Brothers-- not Caterpillar as was suggested here last issue- in a $1.35 billion deal.
The US merchant banker Castle Harlan said it has purchased the Verdugt group of acid salt businesses from BP Amoco Plc, in conjunction with principals of US Salt, First Union Capital Partners and London-based CVC Capital Partners.
courts," says one merchant banker. Americans wind up paying the price.
Request For Quotation are invited for Appointment of Merchant Banker for assessing the fair market value of Allahabad Banks and Andhra Banks stake in ASREC (India) Limited Eligibility Criteria : The bidders must be a SEBI Registered Category-1 Merchant banker
Former merchant banker Christopher Shaw, 76, was found dead at his home in Salisbury, Wilts, by his housekeeper in January, sparking speculation he had taken his own life.
The retired merchant banker sold the small house, which overlooked the 18th green of the Old Course, for pounds 1.25million in 2002 - making more than pounds 1million profit.
SOME startling revelations in a Radio 5 Live debate about the effect of the credit crunch on football, involving merchant banker Keith Harris (no, not THAT Keith Harris, the other one who finds wealthy buyers for football clubs, or at least he used to until there were no more wealthy buyers for football clubs).
The merchant banker's rationale for why he believes a shared stadium could be the best option for Liverpool and Everton included the following nugget.