Securities underwriting
Securities underwriting is the way of placing a fresh issued security, like equities or even bonds, by owning investors. a syndicate of banks (a lead-managers), underwrite a dealing, which means it develop taken on the chance of distributing the securities. Should it non exist as entity to locate plenty investors, so it prevent higher holding occasionally securities themselves.
League tables
Underwriting activity reported within Thomson Financial League Tables ([http://www.thomson.com/financial/investbank/fi_investbank_league_tablearchive_debt.jsp]) (numbers around $ billion) (total of isses around parenthesis):
Spherical debt, stock & equity-related
2004: 5,693 (20,066) (Q4 2004 report)
2003: 5,326 (19,706) (Q4 2003 report)
2002: 4,257 (?) (Q4 2003 report), 3,902 (14,070) (Q4 2002 report)
2001: 4,112 (?) (Q4 2002 report)
Spherical debt & equity disclosed fees
2004: Fifteen.401 (6,890) (Q4 2004 report)
2003: Xiv.461 (8,023) (Q4 2003 report)
2002: Xiv.762 (6,696) (Q4 2003 report), Fourteen.130.Sevener (5,649) (Q4 2002 report)
2001: Xvii.930 (7,027) (Q4 2002 report)
Insurance underwriting
Underwriting can besides refer to insurance; the electrical safety organization Underwriters Laboratories was founded by the class actiin of insurance underwriter fallowing watching a Home of Electricity on a local fairground destroyed by fire due to faulty wiring. The leading underwriter is insurance professional Lloyd's of London.
Other
Underwriting might besides refer to fiscal sponsorship of a venture.
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