Diversified financial

Diversified financials is a specific category of the Global Industry Classification Standard (GICS) that is used by the financial community. It includes a range of consumer and commercially oriented companies offering a wide variety of financial products and services, including various lending products (such as home equity loans and credit cards), insurance, and securities and investment products. Continue reading “Diversified financial”

Financial intermediary

financial intermediary is an institution or individual that serves as a middleman among diverse parties in order to facilitate financial transactions. Common types include commercial banks, investment banks, stockbrokers, pooled investment funds, and stock exchanges. Financial intermediaries reallocate otherwise uninvested capital to productive enterprises through a variety of debt, equity, or hybrid stakeholding structures.[1][2] Continue reading “Financial intermediary”

Export credit agency

An export credit agency (known in trade finance as an ECA) or investment insurance agency[1] is a private or quasi-governmental institution that acts as an intermediary between national governments and exporters to issue export insurance solutions, guarantees for financing. The financing can take the form of credits (financial support) or credit insurance and guarantees (pure cover) or both, depending on the mandate the ECA has been given by its government. ECAs can also offer credit or cover on their own account. This does not differ from normal banking activities. Some agencies are government-sponsored, others private, and others a combination of the two. Continue reading “Export credit agency”

Debt collection

Debt collection is the process of pursuing payments of debts owed by individuals or businesses. An organization that specializes in debt collection is known as a collection agency or debt collector.[1] Most collection agencies operate as agents of creditors and collect debts for a fee or percentage of the total amount owed.[2] Continue reading “Debt collection”

Credit Derivatives Product Company

Credit Derivatives Product Company, or CDPC, is a business focused on trading in credit default swaps contracts. That is, a CDPC typically sells insurance against someone failing to pay back a loan (‘defaulting’). A CDPC is usually highly leveraged, meaning that if even a portion of its held credit default portfolio were to be ‘triggered’ at once, the CDPC would not have the capital to fully pay out the resulting insurance claims. The CDPC business model is dependent on a triple-A rating from a credit rating agency[1] and must trade within closely defined limitations to be allowed to maintain their credit rating.[2] Continue reading “Credit Derivatives Product Company”

Access to finance

Access to finance is the ability of individuals or enterprises to obtain financial services, including credit, deposit, payment, insurance, and other risk management services.[1] Those who involuntarily have no or only limited access to financial services are referred to as the unbanked or underbanked respectively.[1][2] Continue reading “Access to finance”

Local Government Funding Agency

Local Government Funding Agency (LGFA) or Bond Bank is financial institution that serves as a vehicle for local government authorities such as municipalities, county councils and regions to access capital markets for the purpose of jointly procuring credit for public investment projects. The local and/or regional authorities of a country or state typically own the LGFA, sometimes with a minor ownership by the state.[1] Continue reading “Local Government Funding Agency”

Investment management

Investment management (or financial management) is the professional asset management of various securities (shares, bonds, and other securities) and other assets (e.g., real estate) in order to meet specified investment goals for the benefit of the investors. Investors may be institutions (insurance companies, pension funds, corporations, charities, educational establishments etc.) or private investors (both directly via investment contracts and more commonly via collective investment schemes e.g. mutual funds or exchange-traded funds). Continue reading “Investment management”


Banking, financial services and insurance (BFSI) is an industry term for companies that provide a range of such financial products or services. This includes universal banks that provide a range of financial services or companies that operate in one or more of these financial sectors. BFSI comprises commercial banks, insurance companies, non-banking financial companies, cooperatives, pensions funds, mutual funds and other smaller financial entities. Continue reading “BFSI”

Building society

building society is a financial institution owned by its members as a mutual organization. Building societies offer banking and related financial services, especially savings and mortgage lending. Building societies exist in the United Kingdom and Australia, and used to exist in Ireland and several Commonwealth countries. Continue reading “Building society”