• Trade Cash

    About the Benche

    Published on 2010-03-13 18:23
    The Benche is provided by SEB as a free service to financial professionals from corporates, as well as from financial institutions. The purpose is to encourage sharing of knowledge and experience, open discussions and networking between such professionals.

    What does the Benche mean?
    Merchant banks are in fact the original "banks". These were invented in the Middle Ages by Italian grain merchants.

    Originally intended for the finance of long trading journeys, the methods were later utilized to finance the production of grain.

    The merchant's "benches" (bank is a corruption of the Italian for bench, as in a counter) in the great grain markets became centers for holding money against a bill of exchange, later still, a cheque.

    Source: Wikipedia

    For further information, please see the The Benche’s Terms&Conditions.
    by
    Martin Bjornstrom