Sub-underwriter: Difference between revisions

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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. 


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.
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.


See also