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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.


1. In banking, a group of banks that each lend an amount of money to a borrower, all at the same time and for the same purpose. The banks in a syndicate cooperate with each other for the duration of the project, even if they are otherwise competitors. Bank syndicates usually only lend large amounts of money. Every syndicate is a temporary arrangement.

2. In investment banking, a group of underwriters responsible for placing a new issue of a security with investors. As with banking syndicates, the members of an underwriting syndicate work together for the duration of the project. Every syndicate is a temporary arrangement. It is also called a purchase group or a selling syndicate.


A combination of investment banking firms that bids on a new security issue and then sells it if the bid is successful. The syndicate disbands when the security offering has been completed. Syndicates are needed to spread the risk and obtain greater financial and marketing resources for large issues. Also called purchase group, underwriting syndicate. See also agreement among underwriters, breaking the syndicate, selling group.


To distribute shares of ownership in a partnership or joint venture. For example, a brokerage firm may syndicate ownership in certain oil and gas properties.


When a group of investment banks works together to underwrite and distribute a new security issue, they are acting as a syndicate.

Syndicates are temporary, forming to purchase the securities from the issuer and dissolving once the issue is distributed.

However, new syndicates, involving some of or all the same banks, form on a regular basis to underwrite each new issue. You may also hear these underwriting syndicates called purchase groups, underwriting groups, or distributing syndicates.

In other financial contexts, syndicate may refer to any group of financial institutions that works together on a particular project. Syndicate also describes a group of investors who make a joint investment in a company.


A method of selling real property in which a sponsor—the syndicator—sells interests to investors. At one time limited partnerships were the preferred vehicle.Today tenant-in-common properties (TICs) are extremely popular.

References in periodicals archive ?
Pasquale Scotti, a former leader of the Naples-based mafia-style crime ring called the Camorra, was caught in Brazil's northeastern city of Recife, according to local daily O Globo.
A task force then uncovered a crime ring involved in gun sales, human sex trafficking, drug trafficking and gang violence, police said.
Then there are the organized crime rings that are more Mafia than Madoff: Eastern European staged-accident scams or cargo container hijackings involving sophisticated processes and lots of players.
Dubai Police have smashed a crime ring that was stealing luxury cars in Europe -- including Ferraris, BMWs and Mercedes-Benz -- and shipping them to the UAE.
A global cyber crime ring stole $45 million from two Middle Eastern banks by hacking into credit card processing firms and withdrawing money from ATMs in 27 countries, U.
Summary: New York: Members of a sophisticated cyber crime ring allegedly involved in Bank Muscat's .
Police busted the crime ring after 20,000 tonnes of meat, passed off as mutton, was found to contain everything from fox, to minx to rat.
To report wildlife crime ring 101 or Crimestoppers, anonymously, on 0800 555 111.
Spanish police have cracked down on a Chinese crime ring suspected of laundering hundreds of millions of dollars gained from evading duties on imported goods from China.
We infiltrated a crime ring offering false passports, visas and access to London 2012 as bogus support staff.
Police suspect the incidents have been orchestrated by an organised crime ring.
8221; The federal crackdown broke up a New York City crime ring that officials say rang up $279 million in phony accident benefits over five years.

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