Intermediary business is the general term for the business that commercial banks charge fees for handling payments and other entrusted matters for customers.

The specific businesses mainly include: exchange business, in which customers hand over cash to the bank, and the bank remits it to a third party living in other places; letter of credit business, in which the customer entrusts the bank to pay the goods to the seller in another place. The currency letter of credit business is a currency letter of credit business in which the customer hands over a certain amount of cash to the bank in exchange for a voucher that can be used to remit cash at the bank's branches in other cities or its correspondent bank.

Collection business, the bank collects various payments on behalf of customers, accepts entrustment to buy and sell securities, precious metals and foreign exchange on behalf of customers; trust business, banks manage property on behalf of others, handle inheritance transfers, and keep securities and securities. Valuables etc.

Intermediary business:

Intermediate business in a broad sense is equivalent to off-balance sheet business in a broad sense. It can be divided into two categories, financial services business in a narrow sense and balance sheet business in a narrow sense. External business. In daily work, the intermediary business we refer to is the broad sense of intermediary business in accordance with the provisions of the People's Bank of China, while off-balance sheet business refers to the narrow sense of off-balance sheet business reflected from the perspective of accounting standards.

Therefore, according to the traditional business and development situation of commercial banks, the business of commercial banks can be roughly divided into three categories: asset business, liability business and intermediary business, or it can be divided into asset business, liability business and intermediary business. and four major categories of off-balance sheet business.

Reference for the above content: Baidu Encyclopedia—Intermediary Business