intermediary (financial)

The party that provides services to investors relating to financial products. These services may include some, or all of, provision of information and advice on products, placement of investment orders, transmission of payment, custody of assets, and the administration of rights and benefits. In the specific framework of the investment funds industry, an intermediary may present information about funds to potential investors, and solicit orders for the fund. It may facilitate the transmission of the orders and information from/to the investors and/or other intermediaries. The intermediary receives commission from the fund and/or fees from the investor.

Euroclear glossary. 2008.

Look at other dictionaries:

  • intermediary (financial) — The party that provides services to investors relating to financial products. These services may include some, or all of, provision of information and advice on products, placement of investment orders, transmission of payment, custody of assets …   Financial and business terms

  • Intermediary financial institution account identification —   An ISO term. The identification of the intermediary financial institution s account serviced by the receiver which is to be credited for the further execution of the transfer. 35x.   Field number 56s in a SWIFT transfer …   International financial encyclopaedia

  • Intermediary financial institution advice information —   An ISO term. The information (e.g., telephone number, cable address, contact s name, and so on) to facilitate advice to the intermediary financial institution. 35x …   International financial encyclopaedia

  • Intermediary financial institution advice method —   An ISO term. A code that specifies the method (e.g., telephone, letter, wire, and so on) to be used to notify the intermediary financial institution that its account has been credited or that funds are at its disposal. 3an …   International financial encyclopaedia

  • Intermediary financial institution identifier —   An ISO term. A code that unambiguously identifies the intermediary financial institution and which may include specification of the type of identifier code that is being supplied. 35x …   International financial encyclopaedia

  • Intermediary financial institution information —   An ISO term. Miscellaneous information pertaining to the transfer and intended for the intermediary financial institution only. 3*35x …   International financial encyclopaedia

  • Intermediary financial institution method of payment —   An ISO term. A code that specifies how payment is to be made to the intermediary financial institution. 3an …   International financial encyclopaedia

  • Intermediary financial institution name and address —   An ISO term. The identification of the intermediary financial institution by name and address in sufficient detail to provide positive identification. 4*35x …   International financial encyclopaedia

  • Intermediary financial institution(s) —   An ISO term. Financial institution(s) between the receiver and the beneficiary s financial institution through which the transfer must pass if specified by the sender. In such cases, this is the receiver s credit party.   ISO Standard Telex… …   International financial encyclopaedia

  • financial intermediary — A party such as a bank or other financial institution that accepts funds from a provider and places those funds with a user. The intermediary s investment from the user is usually for a longer term, usually has less liquidity, and usually has… …   Financial and business terms

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