selling group

(redirected from Selling Groups)

Selling group

All banks involved in selling or marketing a new issue of stock or bonds.

Selling Group

In an initial public offering or bond issue, a group of institutions who help the issuer place a new issue without necessarily participating in the underwriting group. This means they are not responsible for any unsold securities. The selling group therefore receives lower fees than the underwriters and is listed last on the tombstone. The specific agreement governing a selling group's duties in a new issue is called a selected dealer agreement.

More generally, a selling group may refer to all underwriters in a new issue, that is, every person and institution on the tombstone.

selling group

A group of investment bankers that assists a syndicate or an underwriter in the sale of a new security issue but is not responsible for any unsold securities. Because members of a selling group do not assume the risk of syndicate members, their fees are correspondingly lower than the fees of the syndicate members. See also selected dealer agreement.
References in periodicals archive ?
25, were made available to investors through Barclays and four selling groups with access to credit unions provided through ISI.
Thus, certain selling groups may escape the grasp of the loss disallowance rule.
The Access program includes steps to expand membership in its debt selling groups, increase participation by minority- and women- owned firms as dealers for a variety of its mortgage securities products, and provide specialized services, including reduction of many of Fannie Mae's entry requirements, to help the firms build market presence.
Jones added, "CastleOak's strong capital position, marquee client base of Fortune 500 and emerging growth companies, and strategic partnership with Cantor Fitzgerald have enabled us to win several mandates to co-manage corporate underwritings, participate in syndicates and selling groups, and advise on leveraged buyout and M&A deals in the six months since the firm received regulatory approval to underwrite debt and equity securities.
We insist that the debt selling groups maintain the highest level of integrity.
Michael Golden, Pan American Chairman stated, "Without the diligence of the underwriters and selling groups the offering would not have been a success.
Amphire Solutions is the leader in supply chain solutions which unite brokers, buying groups, distributors, operators, selling groups, and suppliers for more efficient and profitable supply chain operations.
In his letter, Johnson said any violation of the new agreement during the probation year will result in expulsion from all Fannie Mae selling groups in which the violating firm participates, including debentures, short-term notes, residential financing securities, and medium-term notes.
Amphire Solutions is the leader in supply chain solutions, which unite brokers, buying groups, distributors, operators, selling groups and suppliers for more efficient and profitable supply chain operations.
Funding Corporation utilizes selling groups of investment banks and dealer banks.
The Company does not anticipate incurring significant marketing costs as it intends to utilize channels of distribution, including joint-venture marketing partners, where the selling groups will be responsible for payment of their own sales and marketing expenses.
Ferguson has been in the music/recording business since starting his musical career in the late 60's performing with the #1 selling groups "Christie" and "Unit 4 Plus 2".