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An intermediary, also known as a middleman or go-between, is defined differently by context. In law or diplomacy , an intermediary is a third party who offers intermediation services between two parties.
Intermediation refers to a process matching two sides of a market, such as buyers and sellers by an third party such as a broker, agent, or wholesaler. The most common example of intermediation is in the finance industry, where it involves the matching of lenders with borrowers by a bank.
A 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 , insurance and pension funds, pooled investment funds, leasing companies, and stock exchanges.
The concept of a fourth-party logistics provider was born in the 1970s by the consulting company Accenture. Firms are outsourcing their selection of third-party logistics provider and the optimization process of the integration of these to a PL as an intermediary.
Kitsikis concludes that “due to historical events spanning thousands of years, the Eurasian continent, of which Europe is but one of its peninsulas, comprises three civilisational areas: a) the West, which today includes the United States, Canada, Australia and New Zealand, as well as Western Europe; b) the East or 'Far East', which includes ...
An insurance broker is an intermediary who sells, solicits, or negotiates insurance on behalf of a client for compensation. An insurance broker is distinct from an insurance agent in that a broker typically acts on behalf of a client by negotiating with multiple insurers, while an agent represents one or more specific insurers under a contract.
The variety of intermediaries ranges from specialized government agencies and energy-service firms, electric power utilities to university liaison departments or regional technology centers. But also non-governmental organizations, research and technology organizations and cross-national networks can act as technology intermediary.
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 and guarantees for financing.