Published On: Mon, Apr 8th, 2013

Money center

A money center is global bank that deals exclusively with national governments, large corporations and other banks.

A money center does not borrow from or lend to individuals or consumers.  Leading money centers from around the world include New York, London and Tokyo, in addition to secondary markets in cities like Paris, Toronto and Chicago. Working with many of the leading economic powers of the world, money centers maintain very large balance sheets to assist nations with their financial systems.  Money centers can also be known as money market banks.  Money market banks have four separate classifications: portfolio business, corporate finance, trading and distribution.

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About the Author

- Marcus Holland has been trading the financial markets since 2007 with a particular focus on soft commodities. He graduated in 2004 from the University of Plymouth with a BA (Hons) in Business and Finance.