underwriting contract

The following types of underwriting contracts are most common:

The firm then quit as financial adviser in order to be able to bid on the underwriting contracts, an unusual switch.

I've got all the underwriting contracts in.

Two days later, his Board complete, Warren set about his underwriting contracts.

In investment banking, an underwriting contract is a contract between an underwriter and an issuer of securities.

Competitive bids will be required for all underwriting contracts by New York City under legislation to be proposed.

Investment Advisory and Underwriting Contracts.

The municipal bond business was once rife with complaints about political money being traded for underwriting contracts, but the S.E.C. cracked down on that in 1994.

In May, Mr. Florio's chief of staff was forced to resign because of questions involving the letting of state bond underwriting contracts.

During the dot-com bubble, analysts routinely used such models to justify recommendations that were being pushed on them by investment bankers eager to get profitable new underwriting contracts.

Firms frequently give that kind of advice free to government agencies, in hopes of cementing the relationships and trust that can lead to lucrative underwriting contracts when the bonds are sold.

An all-or-none clause in an underwriting contract or investment prospectus gives a securities issuer the right to cancel an issue in its entirety if the underwriting is not fully subscribed.

Now Ms. Holtzman herself is on the defensive, because the city suspended a bond underwriter whose sister bank made a loan to her Senate campaign before it received a lucrative underwriting contract.

Particularly Disappointed Two concerns that were reported by City Hall aides to be particularly disappointed by their failure to win the underwriting contract had also been big contributors through their employees.

While the United States supported the transition authority, it did so mainly by underwriting contracts to replace destroyed infrastructure and thus avoided a direct military involvement, allowing the ANZAC led force to take the lead.

Richard Y. Roberts, another S.E.C. commissioner, said he was particularly worried about the role of political contributions because more and more municipal bond underwriting contracts were being awarded by government officials based on negotiations with underwriters rather than competitive bidding.

The heart of the matter was whether she knew that officials of the Fleet Financial Group were seeking a lucrative city underwriting contract from her office last year when she met with them before receiving a $450,000 loan for her United States Senate campaign.

Mr. Codey said that practice was ripe for abuse because lobbying and consulting firms could use those fees in turn to make political donations to elected officials who might award lucrative state underwriting contracts to their banking clients, who are prohibited from making donations.

A 1988 Memorandum Among the "scandals" Ms. Bellamy referred to were a 1988 memorandum from one of Mr. Regan's top aides that advocated a fund-raising strategy that specifically rewarded campaign contributors with underwriting contracts and other lucrative state business.

Before looking at the idea that the overpricing of underwriting contracts as payment for other services it is worth noting that Marsh observed that 'bear' markets tended to lead to marginally higher excess returns to underwriters, while no large or small company effects could be discerned.

And even if contributions from consultants are covered by the new rule, many in the industry say that consultants could still be used in the winning of business because many of them are hired because of their close relationships with the people who decide the winners of lucrative underwriting contracts.

But finance analysts in government and on Wall Street said that Bear Stearns's work with the M.T.A. and knowledge of the deal would give it what one called "a huge advantage" in competition for the underwriting contracts, particularly for the prized role of senior manager, or lead underwriter.

His results indicated that in 88 per cent of the 539 (this represents a subset of the sample of 671 referred to previously, the missing 132 issues arising because the dates of the underwriting contracts could not be firmly established so that they were excluded from the tests) issues studied, the underwriters earned positive excess returns.