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. ...
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.
See: Underwriting syndicate
Purchase loan
A consumer loan taken to finance a purchase.
Purchase method ...
2. A term used in underwriting syndicates to refer to the distinct responsibility of individual companies to sell a certain portion of unsold new issue.
Purchase group
See: Underwriting syndicate
Purchase loan
A consumer loan taken to finance a purchase.
Presale order An order to purchase part of a new municipal bond issue that is accepted by an underwriting syndicate before an official public offering.
Underwriting spread The income that is generated by the underwriting syndicate and the selling group, which is essentially the difference between the amount paid to the issuer of securities in a primary distribution and the public offering price.
Freed up A term used to indicate that an underwriting syndicate's members are no longer restricted to the fixed price agreed upon in the agreement among underwriters and are permitted to trade the security on a free market basis.
Allotment The number of securities assigned to each of the participants in an underwriting syndicate. Alpha Measure of risk-adjusted performance.
Investment: in a public offering of new securities, price at which investment bankers in the underwriting syndicate agree to sell the issue to the public. The price remains fixed as long as the syndicate remains in effect.
AGREEMENT AMONG UNDERWRITERS (AAU) - The contract among the members of an underwriting syndicate establishing the syndicate rules, including the rights, ...
1: A situation that occurs when a member of an underwriting syndicate withholds a portion of a public offering of a new securities issue with the intent to sell it at a price higher than the initial offering price.
After publication of the prospectus the company, with the help of the underwriting syndicate, prepares for roadshows to meet potential investors-primarily institutional investors in major cities like New York, San Francisco, Boston, Chicago, ...
A price at which the underwriting syndicate of a debt issue resells the bonds to public investors. The syndicate will purchase the bonds for a specified amount from the issuing firm and re-offer the bonds to the public, usually at a different price.
During this period, the underwriting syndicate meets periodically to evaluate interest in the issue and to make changes to the public offering price based on the demand, prior to the effective date.
Corporate Account ...
BULGE BRACKET - A tier of firms in an underwriting syndicate that have the highest participation level....
BULK SALES ACT - An act that requires the recording and publication of a sale that is not in the normal...
A tier of firms in an underwriting syndicate that have the highest participation level. See: Mezzanine bracket.
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Personal Finance Glossary ...
In the context of investment banking, refers to the status of securities sold and owned or the relationship between parties to an underwriting syndicate.
Lloyds of London
A marketplace in London for underwriting syndicates.
Load
The sales fee charged to an investor when shares are purchased in a load fund or annuity. See: Bank-end load; front-end load; level load.
The issuer will award the contract to the underwriting syndicate who bids the best price or most advantageous terms. The competitive bid process is mostly used by municipalities, utilities, and railroads.
The underwriting spread. The difference between the price that an underwriter or underwriting syndicate pays to the issuer and the price that is received from investors who buy the issue. The concession is the income earned by the underwriter.
A public sale of securities to raise capital, generally brokered by a group of banks (underwriting syndicate). See also " Initial public offering (IPO), " Capital increase.
Issue price ...
The price at which members of an underwriting syndicate for a new issue will offer securities to investors.
Open-End Fund ...
Bulge Bracket - A slang term used to describe the company or companies who issued the largest amount of securities on a new issue in an underwriting syndicate, or who are the largest underwriting company or companies in the industry.
SYNDICATE LETTER " An invitation to participate in an underwriting syndicate which will detail the "rules" of the syndicate.
Lloyds of London
Definition: [crh] A marketplace in London for underwriting syndicates.
The fee paid to certain dealers who are members of the selling group of a securities underwriting syndicate.
Confirmation ...
In a way, this is still true today, as new issues are usually brought to market by an underwriting syndicate in which each firm takes the responsibility (and risk) of selling their specific allotment.
However, new syndicates, involving some or all of the same banks, form on a regular basis to underwrite each new issue. You may also hear these underwriting syndicates called purchase groups, underwriting groups, or distributing syndicates.
or mortgage banker that initially made a mortgage loan that is part of a pool. Also, an investment bank that has worked with the issuer of a new securities offering from the beginning and is usually appointed manager of the underwriting syndicate.
Financial Advisor
Generally a bank, investment-banking company or independent consulting firm that advises the issuer on all financial matters pertaining to a proposed issue and is not part of the underwriting syndicate.
You may also hear these underwriting syndicates called purchase groups, underwriting groups, or distributing syndicates.
com bulge bracket The firms in an underwriting syndicate who were responsible for placing the... bulk handling The financing of receivables in bulk rather than one at a time, to reduce processing costs.
 See also: Banks, Expense, Funding, Values, Exercise price
  
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