What is wholesale banking?
wholesale banking is commonly defined as banking services that are provided between trade banks and other types of financial institutions. However, this term is often used to reference to a wide range of financial services provided by financial institutions to various corporations and businesses as well as government entities. The wholesale banking differs from retail banking because it focuses more on business -style entities and high value transactions and retail banking focuses on the provision of financial services to individual consumers. Many banks usually participate in wholesale and retail banking.
The task of providing a wide range of services to large corporations, medium companies and small businesses is part of wholesale banking. Financial institutions often provide these services for discounted rates based on the number of services included in the package. Thanks to this approach it is more attractive to place all financial mattersŽitostis The only institution rather than using different banks and agencies for each banking service that the company needs to operate.
This type of banking is also an option that is open to real estate developers, investors on the market and other companies that operate in the purchase and sale of real estate and other forms of investment. The advantage of wholesale banking in this application is easy access to the overall financial portfolio, which makes the transfers between accounts much easier. It also includes functions that allow efficient stocks, funds, funds and other financial tools between financial institutions.
The range of wholesale banking packages, which are extended to enterprises and government entities, may also include a number of other financial services. Discounted interest rates are usually included as part of the motivation for the input -out -trade financial arrangement. Many valuable pOpponents, such as investment consultations, help with details of fusion or acquisitions and various subscription services, are often included in the wholesale support of banking.