Syndicate underwriting

Syndicate underwriting
  A group of local and/or foreign banks who temporarily works together by taking over an issue, either the risk is too big for one bank, either because of traditional considerations, e.g. the issuing institution has several banking-relations. One of the banks acts as the leader of the syndicate. Every member of the syndicate participates in a in advance determined proportion.

International financial encyclopaedia . 2014.

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  • 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. The New York Times Financial Glossary * * * ▪ I. syndicate syn‧di‧cate 1 [ˈsɪndkt] noun… …   Financial and business terms

  • 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. Bloomberg Financial Dictionary * * * ▪ I. syndicate syn‧di‧cate 1 [ˈsɪndkt] noun [countable] …   Financial and business terms

  • 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. The New York Times Financial Glossary * * * underwriting syndicate… …   Financial and business terms

  • 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. Bloomberg Financial Dictionary * * * underwriting syndicate… …   Financial and business terms

  • Underwriting — refers to the process that a large financial service provider (bank, insurer, investment house) uses to assess the eligibility of a customer to receive their products (equity capital, insurance, mortgage or credit). The name derives from the… …   Wikipedia

  • syndicate — 1) A group of bankers, insurers, contractors, etc. , who join together to work on a large project. Notable activities undertaken by such a group may include syndicated loans and underwriting (see also syndicated bank facility). 2) A number of… …   Big dictionary of business and management

  • Underwriting Group — A temporary association of investment bankers who wish to purchase a new issue of securities from an issuer in order to distribute the issue to investors at a profit. The underwriting group shares the risk and aid in the successful distribution… …   Investment dictionary

  • Syndicate — A professional financial services group formed temporarily for the purpose of handling a large transaction that would be hard or impossible for the entities involved to handle individually. Syndication allows companies to pool their resources and …   Investment dictionary

  • Underwriting Agreement — A contract between a group of investment bankers who form an underwriting group or syndicate, and the issuing corporation of a new securities issue. The underwriting agreement contains the details of the transaction, including the underwriting… …   Investment dictionary

  • Underwriting syndicate —   A group of investment dealers which together underwrite an issue of securities. Each member of the syndicate agrees to accept a risk that the issue will not be completely taken up by the market. See also Underwriting syndicate …   International financial encyclopaedia

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