D

Deposit Agent
Deposit Agent means any person who holds an appointment in writing from a single credit institution enabling him to receive deposits or investments on behalf of that institution and prohibiting him from acting in a similar capacity on behalf of another credit institution. The deposit agent may accept cash in repect of the deposit agency business. Only investment and insurance business firms authorised under the IIA (i.e. Multi-Agency Intermediaries or Authorised Advisors or Full Section 10 investment firms) may act as deposit agents.

Deposit Broker
Deposit Broker means any person who brings together with credit institutions persons seeking to make deposits in return for a fee, commission or other reward. A deposit broker may act for one or a number of credit institutions. The deposit broker may not accept cash. All cheques must be made payable to the relevant credit institution.