金融机构管理P75.ppt

财务公司 Finance Companies Activities similar to banks, but no depository function. May specialize in installment loans (e.g. automobile loans) or may be diversified, providing consumer loans and financing to corporations, especially through factoring. Commercial paper is key source of funds. Captive Finance Companies: e.g. GMAC Highly concentrated Largest 20 firms: 65 percent of assets /sundae_meng 财务公司的类型 Types of Finance Companies Sales finance institutions Ford Motor Credit and Sears Roebuck Acceptance Corp. Personal credit institutions HSBC Finance and AIG American General. Business credit i