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French Equivalent: Intermédiaires financiers

Financial intermediaries are units which incur liabilities on their own account on financial markets by borrowing funds which they lend on different terms and conditions to other institutional units.

For the purposes of balance of payments data, financial intermediaries are defined as being:

(i) other depository institutions (banks, other than the central bank);

(ii) other financial intermediaries, except insurance companies and pension funds; and

(iii) financial auxiliaries.

The definition would therefore include Special Purpose Enterprises (SPEs), whose sole function is financial intermediation, and enterprises such as security dealers, whose function is the provision of services auxiliary to financial intermediation.

OECD & IMF, 2004, Glossary of Foreign Direct Investment Terms and Definitions, Paris and Washington DC.

Source Publication:
SNA 6.121.


Statistical Theme: National accounts

Created on Tuesday, September 25, 2001

Last updated on Thursday, November 4, 2004