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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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.


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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


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.
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.


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.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.


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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Like Kinecta Interact, Syndicator Lite manages delivery of multiple content types, formats, content sources, and delivery frequencies.
66, all fees charged by syndicators should be included in determining sales value, except fees for which future services must be performed (which should be recognized at the time they're performed) and syndication fees.
The exhibition floor was, however, modest, with design companies holding the majority of small booths, and it was practically impossible to locate syndicators. With the exception of King World, which held court at a Hilton hospitality suite, content providers were hard to pin down.
"His meticulous approach to training fits in superbly with our philosophy as a syndicator, and I'm sure that our owners can look forward to a hugely entertaining experience with one of the most revered trainers in the country."
He also traveled to Egypt, Saudi Arabia, and Uzbekistan to better understand peaceful and militant Islam, resulting in a summer series of Star columns and stories distributed by his syndicator, Knight Ridder/Tribune Information Services.
According to media buyer Jon Mandel, co-managing director and chief negotiating officer of New York-based MediaCom (and this year's NATPE chairman), there are two types of barter sales: "There are sales where the syndicator gives a TV station a show and instead of paying for it in full, the station pays a little bit of cash and gives back two minutes of time in it." These segments are often broken down into 30-second spots, which the syndicator turns around and sells.
1 what type of business model does the syndicator use?
Alliant Capital, Ltd., a privately-held national leading syndicator of low-income housing tax credits (LIHTC), said it has closed USD175 million of Alliant Tax Credit Fund 83.
Says another syndicator: "I would prefer there not to be so many competitors out there running around with a TV show right now.
It is the second largest syndicator of loans in India and fourth largest in Asia-Pacific.
The US-based e-content and news services syndicator NewsEdge Corp and Japan's Toshiba have extended their joint venture agreement to include automatic Japanese language translation tools.
Key brokerage firms involved are Bond New York, Brown Harris Stevens, Compass, Halstead Property, and NestSeekers -- as well as leading brokerage listing syndicator RealPlus.