Banking is the generic term for the entire bank trade (incl. savings banks). The banking is divided here into the ranges Universalbanken, savings banks, loan banks, instalment credit institutions, mortgage banks, ship mortgage banks, Investmentbanken and building societies. Institutes for financial service, like e.g. goods date brokers, are in the more extensive sense, if you are certified for the direct trade with securities of the BaFin, also the banking zuzurechen. All institutes in Germany those the direct and/or own trade with money, credits, securities, endorsements etc. make, must be certified by the Federal Institution for supervision of financial service (BaFin). Persons and societies, who make a switching activity for institutes active in the banking, require usually only a permission after "§ 34 C of the MaBV (broker and builder regulation).

Definitions

Universalbanken, savings banks, loan banks

may do that

• Insert business (the acceptance of strange funds),
• Loan business (the grant of cash advances and credits in blank),
• Stock broking (the acquisition and sale of securities for others),
• (the Verwahrung and the administration of securities for others)
• Warranty business (assumption of endorsements, warranties, and other guarantees),
• Giro business (execution of the payment and clearing business by transfer),
• Discount transaction (purchase of changes and cheque) S.A. change (document)

make.

Instalment credit institutions

credit institutes are those that

• Insert business (the acceptance of strange funds),
• Loan business (the grant of cash advances),

make may.

Mortgage banks

credit institutes are those

• (grundbuchlich secured) loans on mortgage are sufficient, and
• the insert business in the form of the expenditure of mortgage certificates S.A. mortgage bond

operate.

Ship mortgage banks

credit institutes are those

• shiffshypothekarische (at the ships secured) loans are sufficient, and
• the insert business in the form of the expenditure of bottomry bonds S.A. mortgage bond

operate.

Investmentbanken

institutes are those the trade also

• Emissions and securities for customers operate, and
• Consultation with the acquisition and sales of enterprise participation (M&A).

make.

Building societies

credit institutes are those that

• Insert business (the acceptance of strange funds) in the form of building savings contributions, and that
• Loan business in the form of saving loans with a building company

operate.

Genossenschaftliche of Central Institutes

credit institutes are, those as Central Institutes of the people and Raiffeisen banks act and

• furnish services, which cannot furnish the small people and Raiffeisen banks for the genossenschaftlichen banks (e.g. large credits).
• the exchange within and outside of the genossenschaftlichen banking complete. In Germany that is the WGZ bank and DZ-bank.

Genossenschaftliche mortgage banks

• as genossenschaftliche mortgage bank the businessbusiness business - in special with big customers - that completes the DG-Hyp in Germany is

Landesbank

• credit institutes are for the savings banks the same function essentially take over as the Genossenschaftlichen of Central Institutes for the people and Raiffeisen banks.

Articles in category "Banking"

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Related Websites

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• Banking - Wex
  Title 12 of the Code of Federal Regulations (http://www.law.cornell.edu/cfr/12cfr.htm) contains federal agency regulations that concern banks and banking. ...


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• Pennsylvania Department of Banking
  Ensure the safety and soundness of state-chartered deposit-taking institutions.