Syndicate bid - A syndicate bid is a bid, which represents the highest price the syndicate member (member of a bank, brokerage, or investment bank) will pay for the securities trading on the National Association of Securities Dealers Automated Quotations (NASDAQ) exchange.
Bank that oversees the issue of securities.
Syndicate banks support companies in issuing securities. Together with the issuer, they assume liability for statements made in the issuing prospectus.
A loan advanced jointly by two or more financial institutions.
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A Syndicate consisting of a number of brokerage firms or Investment bankers that work together to Sell and disperse a large lot of securities.
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A group of investment banks which jointly underwrite and distribute a new security offering. also called underwriting group or purchase group or banking syndicate or investment banking syndicate or syndicate.
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~d 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 ~.
~ Penalty Bid
To stabilize the new issue, the underwriting manager buys the stock back at or near the public offering price.
~ A group of investment bankers who together underwrite and market a new issue of securities or a large block of an outstanding issue.
Systematic Risk. See market risk
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~ Bid - A ~ 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.
A group of underwriters formed for the purpose of participating jointly in the initial public offering of a new issue of municipal securities. The terms under which a "~" is formed and operates are typically set forth in an "agreement among underwriters.
A group of banks that acts jointly, on a temporary basis, to loan money in a bank credit (~d credit) or to underwrite a new issue of bonds.
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A professional financial services group formed temporarily for ...
~s are formed in the investment banking industry so underwriting companies can share the risks and profits associated with a new security issue with other firms.
~s - sec Lloyd's.
synergy - the working together of two companies, etc. to produce an effect that is greater than the sum of their individuel effects.
~. A group of investment bankers who act together to underwrite and distribute an offering, with the intention of achieving wider distribution and spreading the associated risk.
~d credit facility
Credit line agreed with a group of banks. Generally used for extensive financing requirements, such as when making an acquisition, to increase the available liquidity reserves or as security for the issuance of debt instruments.
Dual ~ equity offering
An international equity placement that splits the offering into two branches - domestic and foreign - and each grantee is handled by a separate lead manager.
40pc of ~d loans are to sub-investment grade borrowers
The monetary politburo remains unperturbed, of course, because they are not monitoring the composition and quality of credit.
See market regulation ~
A group of investment banking firms formed to conduct an underwriting of a new security issue. (See underwriter) ~ manager ...
Drawdown Draw-down Drawee Drawer Drayage Dressing up a portfolio Drip feed Drive-by VC Drop Drop lock Drop, The Drop-dead day Drop-dead fee DRP DSCR DTC (1) DTC (2) DTCC Dual banking Dual listing Dual ~ equity ...
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Western Athabasca ~ Identifies Uranium Anomalies at the Preston Lake Property, Saskatchewan
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Primco Management's ESMG Music Label's Multi-Platinum Artist V.I.C. Positioned for Another Big Hit at Radio and Clubs
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Often referred to as a '~'. [EPA] account party Buyer/importer or applicant who arranges for the establishment of a letter of credit. [FDIC] accountant A person who performs accounting work.
Impressions metric is a marriage of Twitter info as well as info from ~ partners. In theory, more ~ partners would boost the impressions metric. This will be a metric that matters going forward and it will get better.
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Euro straightA fixed-rate coupon Eurobond EurobondA bond that is (1) underwritten by an international ~, (2) offered at issuance simultaneously to investors in a number of countries, and (3) issued outside the jurisdiction of any single country.
Assemble ~: if the issue is large, the underwriter will engage a ~ of underwriters to help with the sale of the securities.
SEC Filing: with the help of the underwriter, the company will file a Form S-1 with the U.S. Securities and Exchange Commission (SEC).
A large IPO is usually underwritten by a "~" of investment banks, the largest of which take the position of "lead underwriter". Upon selling the shares, the underwriters retain a portion of the proceeds as their fee. This fee is called an underwriting spread.
Now, I'm not one of those traders bashing the news ~s and investment firms, they are simply doing their job. It's how traders respond to this information which generates the moves. This is why I always stay informed of what's in the news, but I do not trade based on the news.
~ (investment & finance)
~ manager (investment & finance)
~d loans (investment & finance)
synergy (investment & finance)
synthetic asset (investment & finance)
synthetic call (investment & finance)
synthetic futures (investment & finance) ...
A contract between participating members of an investment banking ~. This contract is sometimes called a ~ contract or purchase group agreement.
Five investment companies, the underwriting ~, come together to spread the risk and profits associated with underwriting a new security issue. The investment companies in the ~ work to sell the shares of PrimeXY in the market.
The company doing an IPO selects an underwriting ~ made up of groups of investment banks or brokerages to handle the IPO. The underwriting ~ buys the stock issue from the company and resells the shares to initial investors, who in turn start exchange trading in the stock.
Typically, larger deals are underwritten by a ~. This basically means that multiple investment banks will attempt to sell stock to investors with a lead underwriter taking responsibility for ensuring that all the shares are sold.
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The IPOs of all but the smallest of companies are usually offered to the public through an "underwriting ~," a group of underwriters who agree to purchase the shares from the issuer and then sell the shares to investors.
Commodity Pool: An investment trust, ~, or similar form of enterprise operated for the purpose of trading commodity futures or option contracts.
Property investments can be made directly, through ~s or through property unit trusts (PUTS). Volatile share markets and low interest rates have led to a surge in residential investment properties in South Africa.
Racketeering refers to criminal activity that is performed to benefit an organization such as a crime ~. Examples of racketeering activity include extortion, money laundering, loan sharking, obstruction of justice and bribery.
CLO sales of deals backed by widely ~d loans plunged to $1.22 billion in 2009, the year after the collapse of Lehman Brothers Holdings Inc. precipitated the biggest financial crisis since the Great Depression, according to Morgan Stanley data.
Additional takedown: The profit to a ~ member selling municipal bonds to broker/dealers who are not members of the ~.
Adjustment bonds: See income bonds.
ADR: See American Depository Receipt.
A person engaged in a business similar to an investment trust or a ~ and who solicits or accepts funds, securities, or property for the purpose of trading commodity futures contracts or commodity options. The CPO either itself makes trading decisions on be
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The price at which members of an underwriting ~ for a new issue will offer securities to investors.
The disclosure document prepared by the issuer that gives in detail security and financial information about the issuer and the bonds or notes.
retention stock Shares of a new issue that are allocated to ~ members. Does not include shares retained by the ~ manager to allocate to institutional investors and non-member firms.
Typically a ~ of investment banks will underwrite the issue. The bank will research the company and set a value for the stock. They make money through the spread between the price they pay for the stock and the price at which the stock is sold to the public.
A bond that is (1) underwritten by an international ~, (2) offered at issuance simultaneously to investors in a number of countries, and (3) issued outside the jurisdiction of any single country.
Eurobonds denominated in U.S. dollars.
The bank(s) leading an issuing ~ and determining the make-up of the ~, conditions, contract and documentation, etc.
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Loan-Only Credit Default Swap (LCDS)
A credit default swap where the underlying is a ~d secured loan rather than any other asset class (for example bond, unsecured loan or asset backed security).
(1) A bank acting for a foreign bank. (2) In the euro market, the agent bank is the one appointed by the other banks in the ~ to handle the administration of the loan.
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Agent Bank - 1) A bank acting for a foreign bank. 2) In the Euro market - the agent bank is the one appointed by the other banks in the ~ to handle the administration of the loan.
Lloyds of London is the location of a very large percentage of all the reinsurance undertaken globally. The underwriting is carried out by small groups - known as ~s - of which there are many, as well as underwriters and agents all housed in the same landmark building.
Agreement among underwriters is also called Purchase Group Agreement and it an agreement amongst underwriters bound by a contract comprising active group of members of an investment banking association or ~. People are bound legally in this agreement for the benefit of everyone.
Concession - The fee paid to certain dealers who are members of the selling group of a securities underwriting ~.
The usual practice is for one or more investment bankers to buy outright from a corporation a new issue of stocks or bonds. The group forms a ~ to sell the securities to individuals and institutions.
Unlike in the secondary market, no organized stock exchanges are necessary. An organization that need funds contacts their investment banker who typically assembles a ~ of securities dealers that will sell the new stock issue.
An offering where shares are sold by the Company to investors through direct marketing. This contrasts with an underwritten public offering sold by registered representatives who work for securities firms in an underwriting ~.
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These loans are considered to be much riskier and therefore carry higher yields or spreads. Due to the elevated credit risk, they are also often issued by a ~ of banks rather than one individual bank so as to diversify the risk to creditors.
Allocation (1) The process of setting bonds apart for the purpose of distribution to ~ members. This term is often used interchangeably with the term "allotment".
See also: What is the meaning of Market, Trading, Offer, Stock, Investor?