金融专业英语课件Part Ⅱ Financial Institutions and Their Operations.pptVIP

Part Ⅱ Financial Institutions and Their Operations;Chapter 5 Commercial Banking;As for the bank’s intermediary services, it is not referring to those lending and borrowing activities, i.e., the relationship between a banker and its customers is not debtor-creditor one. The relationship between a banker and its client as intermediary services is a principal-agent one, i.e. the bank is acting as an agent for its client. 2. Principal-Agent Relationship A bank, when dealing with its customer directly, has a debtor-creditor relationship. But where a third party is involved the relat