Sub-underwriter: Difference between revisions
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imported>Doug Williamson m (Spacing 20/8/13) |
imported>Doug Williamson (Link with Concession.) |
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== See also == | == See also == | ||
* [[Concession]] | |||
* [[Issue]] | * [[Issue]] | ||
* [[Underwriting]] | * [[Underwriting]] | ||
Revision as of 14:15, 9 August 2017
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.
