Description
Financial intermediation consists of “channeling funds between surplus and deficit agents”.
Financial Intermediaries
An economic community can prosper only when it is able to employ its resources optimally. However, this does not happen on its own, as all people are not endowed with...
Investment bankers facilitate the flow of money.
They are intermediaries, the critical link between users and providers of capital.
They bring together those who need funds with those who have funds, and they make the markets that allocate capital and regulate price in these financial...
Registration Has Been Made Mandatory For The Following
Primary Market Intermediaries:
Merchant Bankers.
Registrars and Share Transfer Agents.
Brokers to the Issue.
Bankers to the Issue.
Debenture Trustees.
INTERMEDIARIES IN INSURANCE AND THEIR ROLE
Insurance Agents
Primacy to insurer’s interest.
Cannot represent multiple insurers – only one insurer.
Practical training and passing of examination is mandatory and sponsored by one insurer.
Discourages switching of Insurers.
Brokers...