syndicate


Also found in: Dictionary, Thesaurus, Legal, Acronyms, Encyclopedia, Wikipedia.

Syndicate

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.

Syndicate

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.

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.

syndicate

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.

Syndicate.

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.

syndicate

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 ?
On its website, the Press Syndicate published a memorandum of clarification in which it accounted for the events.
He said the syndicate committee violates many rules.
Shes Our Mark, the remarkable mare who has won EUR350,000 for her owners, the B & M Syndicate
The syndicate urged all lawyers to refrain from attending any court session at the Justice palace as of Monday.
So syndicates have to fight hard to keep feature cancellations to a minimum and come up with new sales.
He added that an extended reporting period was also well suited to syndicates that could have different capital providers in each of the three years of account.
Each Record syndicate has three chances to win, so you've got more chances of your numbers coming up than with the syndicate games played in English-based tabloids.
Observers of the Egyptian scene have regarded syndicate political activities as part of an emerging civil society; a development which is generally viewed in positive terms.
The syndicate's ratings reflect the financial strength of the Lloyd's market, which underpins the security of all Lloyd's syndicates.
Dozens of MPs from the parliament's Media Committee met on Tuesday with board members from the Press Syndicate to discuss attempts to reach a resolution in the stand-off between the syndicate and Interior Ministry.
Among the victors included Model County Lass who is progressing as a talented bumper performer for trainer Colin Bowe and the White Gold syndicate who hail from Bree, Adamstown and Ferns in the area around Enniscorthy.
The essence of syndication is content," says Creators Syndicate President Richard S.

Full browser ?