Sub-underwriter: Difference between revisions
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imported>Administrator (CSV import) |
imported>Doug Williamson m (Spacing 20/8/13) |
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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. | |||
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* [[Issue]] | * [[Issue]] | ||
* [[Underwriting]] | * [[Underwriting]] | ||
Revision as of 08:27, 20 August 2013
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.
