money broker

Show Summary Details

Quick Reference

In the UK, a broker who arranges short-term loans in the money market, i.e. between banks, discount houses, and dealers in government securities. Money brokers do not themselves lend or borrow money; they work for a commission arranging loans on a day-to-day and overnight basis. Money brokers also operate in the eurobond markets.

Subjects: Financial Institutions and Services.

Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.