Syndicate

Syndicate A group of banks that acts jointly, on a temporary basis, to loan money in a bank credit (syndicated credit) or to underwrite a new issue of bonds. Termbox Digg it! ...

Breaking the syndicate Definition 1. Terminating an agreement among underwriters, specifically the investment banking group assembled to underwrite the issue of a security.

syndicated loan Syndicated lending is a form of lending in which a group of lenders collectively extend a loan to a single borrower. The group of lenders is called a syndicate.

syndicate temporary association of investment bankers brought together for the purpose of selling securities; also called purchase group. One investment banker in the group, usually the originating house, is selected to manage the syndicate.

Syndicated Loans Loans given to a company that are backed by a group of banks who share the risk of a large transaction. There is usually a lead bank and several participating banks.

Syndicated Eurocredit loans Grants And Loans Accounting and Management Information System Health Education Assistance Loans ...

Syndicate: Group of investment bankers who together underwrite and distribute a new issue of securities or a large block of an outstanding issue. Click here to read our Online Privacy Policy and Terms of Use.

Syndicate. A group of investment banks that collectively underwrites and distributes a new issue of securities to their customers and to the public. Underwriter. See "Investment Bank." FAQs ...

Syndicate A group of brokerage firms that act jointly, temporarily, to loan money in a bank credit or to underwrite a new issue of bonds.

Syndicated Loan: Loans to a company back by a group of banks in order to share the risk in a large transaction among several financial institutions. There is usually a lead bank and several participating bank of other type of financial institutions .

Syndicate A group of investment banks and banks who agree to purchase a new issue of securities from the issuer for resale to the investing public.

Syndicate: A combination of persons or corporations to achieve a common business purpose. Syndicated Loan: ...

Syndicated credit; Syndicated loan: A credit or loan granted jointly by a group of banks, typically when the loan is too large to be provided by a single bank (such as eurocredits).

Syndicate - Refers to a group of investment bankers/individual firms that acts jointly, on a temporary basis, to achieve a goal.

Syndicate (business term) Eurex Zurich (finance term) China Shuangji Cement Ltd Kaleida (technology) Univel (technology) Eastbridge Invt Gp Corp Vantage Drilling Co Associate Bank (in banking) Unlimited Liability (in banking) Entity (business term) ...

syndicate operation / Konsortialgeschäft / opération en consortium / operazione consortile Joint (usually large-scale) financing operation (bond issue, loan, etc.) by several banks which have formed a syndicate or consortium for the purpose.

Syndicate When a group of investment banks works together to underwrite and distribute a new security issue, they are acting as a syndicate.

Syndicated Loan: A commercial banking transaction in which two or more banks participate in making a loan to a borrower, typically a large multinational firm or government.

Syndicated Loan A single loan too large to be comfortably lent by a single FI, extended to the borrower by a group of FIs and administered by an agent bank/FI for an agency fee. Systematic Risk ...

Syndicate Bid A Syndicate Bid can be entered in the NASDAQ System to stabilize the price of a NASDAQ security prior to the effective date of a registered secondary offering. This activity is permissible under SEC Rule 10b-7.

Syndicate letter: In a competitive bid underwriting, the contract governing the syndicate.

A syndicated confirmed credit line with attached options. Mutually exclusive investment decisions Investment decisions in which the acceptance of a project precludes the acceptance of one or more alternative projects.

A syndicated confirmed credit line with attached options Multicurrency clause Such a clause on a Euro loan permits the borrower to switch from one currency to another currency on a rollover date.

A syndicate consisting of a number of brokerage firms or investment bankers that work together to sell and disperse a large lot of securities. Distribution ...

A syndicated confirmed credit line with attached options. Multiperiod immunization A portfoliostrategy in which a portfolio is created that will be capable of satisfying more than one predetermined future liability regardless of interest rate changes.

Dual Syndicate Equity Offering: Listing of a security on more than one exchange, thus increa . . . More Principal Meridian: The main imaginary line running north and south and crossing . . .

Dual syndicate equity offering An international equity placement that splits the offering is split into two branches - domestic and foreign - and each grantee is handled by a separate lead manager. [ Previous Page ] ...

Underwriting Syndicate. Investment banks that act as a group to market a public offering, purchase the securities from the issuer, and then resell the securities to the public.

Distributing Syndicate Group of brokerage firms or investment bankers that work together to expedite the distribution of securities in an offering. See: Distributions ...

Underwriting syndicate A group of investment banks that work together to sell new security offerings to investors. The underwriting syndicate is led by the lead underwriter. See also: Lead underwriter. Underwritten offering A purchase and sale.

MANAGER " The syndicate manager. See: Syndicate. MANAGER'S FEE " A portion of the underwriting spread paid to the syndicate manager.

The head of a syndicate of financial firms that are sponsoring an initial public offering of securities or a secondary offering of securities. Could also apply to bond issues. Leader ...

See: Distributing Syndicate Alpha A coefficient measuring a security's price volatility caused by factors other than the stock market in its entirety.

Trade Panic Buying Parabolic Indicator Pennant Penny Stock Percentage Price Oscillator - PPO Pink Sheets Pivot Pivot Point Plus Tick Point & Figure Chart Poop and Scoop Position Limit Position Sizing Position Trader Positive Carry Pre-Syndicate Bid ...

Participating fees The portion of total fees in a syndicated credit that go to the participating banks.

Distributing syndicate A syndicate consisting of a number of brokerage firms or investment bankers that work together to sell and disperse a large lot of securities.

Lead underwriter The head of a syndicate of financial firms that are sponsoring an initial public offering of securities or a secondary offering of securities. Could also apply to bond issues.

banking syndicate A group of investment banks which jointly underwrite and distribute a new security... bankmail A bank's agreement with a firm attempting a takeover not to finance any other potential acquirer's bid.

Lead manager The commercial or investment bank with the primary responsibility for organizing syndicated bank credit or bond issued.

Selling Syndicate A group of underwriters that issues a firm's securities by buying them from the issuing firm and reselling them to a group of smaller brokerage firms for eventual sale to individual investors.

Eurobond A bond that is (1) underwritten by an international syndicate, (2) offered at issuance simultaneously to investors in a number of countries, and (3) issued outside the jurisdiction of any single country.

more on synchronisation fees SyndicateA group of financial institutions that divide a loan, underwriting or similar undertaking between themselves in order to spread risk....

Lead Manager The lead investment bank in a syndicate selling a public securities offering. Leading and Lagging Reduction of transaction exposure through timing of cash flows within the corporation.

LLOYD'S OF LONDON Lloyd's is an insurance facility comprising many diverse syndicates, each specializing in a specific risk. Coverages provided include jumbo or excessively large risks as well as reinsurance and retrocessions.

Underwriters usually form an underwriting group (also called "purchase group" or a "syndicate") to limit risk, assure successful distribution of the issue, and to obtain capital to buy the issue. The syndicate works under an underwriting agreement.

A bond, issued and underwritten by international syndicates of banks and issuing houses and sold to investors outside the country in whose c...(Read more) Eurocheque Scheme ...

This body is competent to give its assent to the conclusion of syndicate contracts and to business regulations for the potash industry. It may forbid the opening of new potash-fields and may close down existing works.

A contract between participating members of an investment banking syndicate. This contract is sometimes called a syndicate contract or purchase group agreement.

Real estate syndicates are referred to as ''tax shelters'' when they ''shelter'' at least a portion of their income from taxation. However, often the term is used only to refer to syndicates that generate a tax loss.

The leading bank in a loan syndicate, which negotiates with the debtor, selects the co-lead managers and other members of the guarantee syndicate in agreement with the issuer.

A large IPO is usually underwritten by a "syndicate" of investment banks led by one or two major investment banks (lead underwriter).

The number of units allocated to an underwriting syndicate member less the units held back by the syndicate manager for facilitating institutional sales and for allocation to nonmember firms.

Municipal bond underwriting in which the account is undivided and syndicate members are responsible for unsold bonds in proportion to their participation, regardless of how many bonds they may have already sold.

Penalty Bid - Refers to a syndicate's effort to support or stabilize the price of the newly issued security. This activity is executed at or below the initial offering price. Performance Bond - See SPAN® and Margin Requirement.

Each bank in the syndicate is a party to the loan agreement and may receive a note from the borrower evidencing the debt. Banks involved in syndicated transactions often sell some or all of their allotment in the credit facility.

Additional takedown: The profit to a syndicate member selling municipal bonds to broker/dealers who are not members of the syndicate. Adjustment bonds: See income bonds. ADR: See American Depository Receipt.

The group of investment banks, known as a syndicate, that underwrites a hot IPO may have an agreement, known as a green shoe clause, with the issuing company to sell additional shares at the same offering price.

Paying someone under the table also relates to the business of reimbursing those who are part of crime syndicates, such as the Mafia. Typically payments are made in cash, again to avoid any records of earnings.

An agreement by which a syndicate of banks indicates a willingness to accept short-term notes from borrowers and resell these notes in the Eurocurrency markets. Notes to the financial statements ...

NIF - Note Issuance Facility - A syndicate of commercial banks that have agreed to purchase any short to medium-term notes that a borrower is unable to sell in the eurocurrency market.

See also: Invest, Market, Issue, Securities, Investment