breaking the syndicate

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Breaking the syndicate

Terminating an agreement among underwriters, specifically the investment banking group assembled to underwrite the issue of a security.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Breaking the Syndicate

The act of the members of a syndicate parting ways at the end of the relationship. A syndicate is a group of underwriters who work together to place an issue with investors. Once the issue is placed (or once it becomes clear that no more of the issue can be placed), the syndicate is said to break. Every syndicate is a temporary arrangement.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

breaking the syndicate

The termination of a syndicate of investment bankers organized to underwrite an issue of securities. Following the breaking of the syndicate, its individual members are free to dispose of remaining securities without price restrictions.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
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Jack broke the syndicate's records by catching the Pond's biggest grass- eating carp - a 22lb 8oz monster veggie that munched a luncheon meat bait as an extra surprise.