Sub-underwriter: Difference between revisions
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imported>Doug Williamson (Classify page.) |
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A member of a new issue syndicate who agrees to buy a certain proportion of the issue from the managers should the issue be undersubscribed. | |||
They receive an underwriting fee and a selling concession on the principal amount of the securities for which they may subscribe. | |||
== See also == | == See also == | ||
* [[Concession]] | |||
* [[Issue]] | * [[Issue]] | ||
* [[Underwriter]] | |||
* [[Underwriting]] | * [[Underwriting]] | ||
[[Category:Corporate_finance]] | |||
[[Category:Investment]] | |||
[[Category:Long_term_funding]] | |||
[[Category:Manage_risks]] | |||
[[Category:Financial_products_and_markets]] | |||
Latest revision as of 12:02, 2 July 2022
A member of a new issue syndicate who agrees to buy a certain proportion of the issue from the managers should the issue be undersubscribed.
They receive an underwriting fee and a selling concession on the principal amount of the securities for which they may subscribe.
