Direct nance means that companies issue commercial papers, bank acceptance bills or issue corporate bonds, stocks, and other securities in the capital market to obtain funds. Thus, capital demanders who directly fund suppliers or issue securities in primary markets to raise long-term or short-term funds. 0n the other words, supply and demand parties directly provide funds for supply and demand. On the other hand, if fund demanders borrow from financial intermediaries, and the funding source of these financial intermediaries is the deposits of capital providers, financial intermediaries play the intermediary role of \"trusted\" and \"credit\