A bank that acts on behalf of and for the account of another institution for a transaction. In almost every case, the commissioned institution can provide the service at a lower cost than the commissioning bank. – Firms that provide back-office operations as well as services customary in bank-to-bank transactions. – See activity analysis, alliances, cross-border, outsourcing, call center, contractual trust arrangement, brokerage, file management, centralized, ancillary services, bank-related, correspondent banking relationship, outsourcing risks, spin-off.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/