Intermediary

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Intermediary - In barter, an intermediary is a person or group who stores valuables in trade until they are needed, parties to the barter or others have space available to take delivery of them and store them, or until other conditions are met. In a larger sense, an intermediary can be a person or organization who or which facilitates a contract between two other parties.

Ocean Transportation Intermediary - An Ocean Transportation Intermediary (OTI) is licensed by the Federal Maritime Commission (FMC) to be an ocean freight forwarder, a non-vessel operating common carrier (NVOCC), or an ocean freight forwarder and NVOCC. This definition is provided per the FMC.

Qualified intermediary - The Qualified Intermediary (also known as an Accommodator) should be a corporation that is in the full-time business of facilitating 1031 exchanges. The role of a QI is similar to, but not identical to, the role of an escrow company.

Place of the Relevant Intermediary Approach - The Place of the Relevant Intermediary Approach, or PRIMA, is a conflict of laws rule applied to the proprietary aspects of security transactions, especially collateral transactions. It is an alternative approach to the historically important look-through approach, and forms the basis for the Hague Securities Convention.


Suggested Web Sites

Re-Solutions Intermediaries - US reinsurance intermediary dedicated to providing intermediary and other services to the insurance, reinsurance and managed healthcare community.

Hong Kong Business Intermediary - A business intermediary for small-medium-enterprises (SMEs) in Hong Kong/China, specialized in business buy/sell, merger

Federation of Exchange Accommodators (FEA) - Industry trade association for 1031 exchange qualified intermediaries. Provides education, certification, legislative activity and guidance to the 1031 exchange industry.

Source: BazSites.com

Web Links

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