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An intermediary (or go-between) is a
third party Third party may refer to: Politics * Third party (politics), any party contending for votes that failed to outpoll either of its two strongest rivals ** Third party (United States), a U.S. political term for parties other than the Democrats or Re ...
that offers
intermediation Intermediation involves the "matching" of lenders with savings to borrowers who need money by an agent or third party, such as a bank A bank is a financial institution Financial institutions, otherwise known as banking institutions, are ...
services between two parties, which involves conveying messages between principals in a dispute, preventing direct contact and potential escalation of the issue. In law, intermediaries can facilitate communication between a vulnerable
witness In law, a witness is someone who has knowledge about a matter, whether they have sensed it or are testifying on another witnesses' behalf. In law a witness is someone who, either voluntarily or under compulsion, provides testimonial evidence, e ...
,
defendant In court proceedings, a defendant is a person A person (plural people or persons) is a being that has certain capacities or attributes such as reason Reason is the capacity of consciously applying logic Logic is an interdisciplinary fi ...
and court personnel to acquire valuable evidence. Whilst in
barter In trade Trade involves the transfer of goods from one person or entity to another, often in exchange for money. Economists refer to a system A system is a group of Interaction, interacting or interrelated elements that act according ...
, the 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.


Diplomacy

In diplomacy and
international relations International relations (IR), international affairs (IA) or international studies (IS) is the scientific study of interactions between sovereign states. In a broader sense, it concerns all activities between states—such as war, diplomacy ...
, an intermediary may convey messages between principals in a dispute, allowing the avoidance of direct principal-to-principal contact. Where the two parties are geographically distant, the process may be termed
shuttle diplomacy In diplomacy Diplomacy is the practice of influencing the decisions and conduct of foreign governments or organizations through dialogue, negotiation, and other nonviolent means. Diplomacy usually refers to international relations carried out th ...
.


Law

In law, intermediaries can facilitate communication between a vulnerable
witness In law, a witness is someone who has knowledge about a matter, whether they have sensed it or are testifying on another witnesses' behalf. In law a witness is someone who, either voluntarily or under compulsion, provides testimonial evidence, e ...
,
defendant In court proceedings, a defendant is a person A person (plural people or persons) is a being that has certain capacities or attributes such as reason Reason is the capacity of consciously applying logic Logic is an interdisciplinary fi ...
and court personnel to acquire valuable evidence and to ensure all parties have a fair trial.


Trading

An intermediary acts as a conduit for goods or services offered by a supplier to a consumer. Typically the intermediary offers some added value to the transaction that may not be possible by direct trading. Common usage includes the insurance, and
financial services Financial services are the economic services provided by the finance Finance is a term for the management, creation, and study of money In a 1786 James Gillray caricature, the plentiful money bags handed to King George III are contra ...
industry where e.g.
mortgage brokers A mortgage broker acts as an intermediary who brokers mortgage loan A mortgage loan or simply mortgage () is a loan In finance Finance is the study of financial institutions, financial markets and how they operate within the finan ...
,
insurance broker An insurance broker is an intermediary An intermediary (or go-between) is a third party that offers intermediation services between two parties, which involves conveying messages between principals in a dispute, preventing direct contact a ...
, and
financial adviser A financial adviser or financial advisor is a professional who provides financial services Financial services are the economic services provided by the finance Finance is a term for the management, creation, and study of money In ...
s offer intermediation services in the supply of financial products such as
mortgage loan A mortgage loan or simply mortgage () is a loan In finance Finance is the study of financial institutions, financial markets and how they operate within the financial system. It is concerned with the creation and management of money ...
s, insurance, and investment products. In relation to energy supplies, third party intermediaries provide energy-related advice, assistance in purchasing energy and management of energy needs. In
barter In trade Trade involves the transfer of goods from one person or entity to another, often in exchange for money. Economists refer to a system A system is a group of Interaction, interacting or interrelated elements that act according ...
, the intermediary will store valuables in trade until they are needed, parties to the barter or others can 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. The Internet is creating opportunities to automate intermediaries in many industries. Trading Intermediaries can be classified as merchant intermediaries or as accountant intermediaries. Bailey and Bakos (1997) analyzed a number of case studies and identified four roles of electronic intermediaries including information aggregating, providing trust, facilitating and matching.BaileyBakos99.pdf
(Spring 2000) from
University of California, Berkeley The University of California, Berkeley (UC Berkeley, Berkeley, Cal, or California) is a public In public relations Public relations (PR) is the practice of managing and disseminating information from an individual or an organization ...

University of California, Berkeley
.


See also

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Disintermediation Disintermediation is the removal of intermediaries An intermediary (or go-between) is a third party that offers intermediation services between two parties, which involves conveying messages between principals in a dispute, preventing direct ...
*
Innovation intermediary Innovation Intermediaries is a concept in innovation Innovation is the practical implementation of ideas A mental representation (or cognitive representation), in philosophy of mind Philosophy of mind is a branch of philosophy that studies ...
*
Internet intermediary Internet intermediary refers to a company that facilitates the use of the Internet The Internet (or internet) is the global system of interconnected computer networks that uses the Internet protocol suite (TCP/IP) to communicate between ...
*
Non-Registered Intermediary If a defendant In court proceedings, a defendant is a person A person (plural people or persons) is a being that has certain capacities or attributes such as reason Reason is the capacity of consciously applying logic Logic is an inte ...
*
Registered Intermediary A Registered Intermediary, in England and Wales, assists in communication between lawyers and vulnerable witnesses in court cases. Many people attending court as victims or witnesses have difficulties understanding the questions that they are asked ...
*
Retail Retail is the sale of goods In economics Economics () is the social science that studies how people interact with value; in particular, the Production (economics), production, distribution (economics), distribution, and Consumption ( ...

Retail


References

{{reflist Supply chain management