19986644-Merchant-Banking0 - Merchant Banking Presented By:...

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Merchant Banking Presented By: Saloni Jain, Nikhil Vaid, Vinita Sen, Raghvendra Singh.
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Section  2(e)  of  SEBI  Act,  1992  defines merchant banker  as ‘any person who is engaged in  the  business  of  issue  management  either  by making arrangements regarding selling, buying, or  subscribing  to  securities  as  manager, consultant,  adviser  or  rendering  corporate advisory  service  in  relation  to  such  issue management’.
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Merchant banking…   is the financial  intermediation that matches the entities that  need capital and those that have capital. It is a  function that facilitates the low of capital in the  market. 
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In banking a merchant bank is a traditional term for an investment bank.  The  so  called  merchant  banks,  were  in  fact  the  original ‘banks’. These were invented in the middle ages by Italian grain merchants. Merchant bankers were individuals or banking houses whose major objective  was  to  provide  capital  for  commodity  traders,  cargo owners, and buying, selling and shipping  of goods. They carried out  their  lending  operations  from  a  bench,  which  in  Italian  term was  known  as  ‘banco’.  Thus  the  merchant  banking  came  into existence. Later on, the centre of merchant banking operations was shifted from Italy to Amsterdam and thereafter to London.
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A merchant bank should contain the following  characteristics: High proportion of decision makers as a percentage of  total staff. Quick decision process.
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This note was uploaded on 05/20/2010 for the course DOF AAf001-6 taught by Professor Changchungdo during the Spring '10 term at 카이스트, 한국과학기술원.

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19986644-Merchant-Banking0 - Merchant Banking Presented By:...

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