intermediary

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Intermediary

Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Intermediation

A situation in which a financial institution 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 buyer to pay the seller. In some non-traditional transactions, a bank may buy a product (e.g. corn) and immediately re-sell it for a profit to a third party. Most transactions requiring a loan to one of the parties include intermediation. See also: Murabaha.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

intermediary

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
the clubs shall not make player transfer payments or loan payments via the intermediaries or to them and must not ask that payments relating to players are made to the intermediary.
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The Mortgage Credit Directive pays particular attention to mortgage credit intermediaries and advisors, whose activities within the existing regulations of the Member States were governed by national legislation in a different manner, and in a significant number of states they were not regulated and supervised at all.
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Intermediaries are using these tools to assist with their suitability and Know Your Customer (KYC) obligations.
* The services delivered by intermediaries usually provide positive benefits to users.
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Further, the intermediaries shall also ensure that the client is not placed on the United Nations Security Council's (UNSC) list of designated persons or entities linked to terrorist financing or against whom a ban, sanction or embargo subsists.
The intermediaries delay the payments for the premium thereby putting the insured at risk.
Cincinnati Intermediaries places insurance on a wholesale basis with nearly 50 insurance carriers.