TERMIUM Plus^®

Record 1,  Textual support,  English

Record number: 1, Textual support number: 1 DEF

A bank or underwriting firm that coordinates the activities of an underwriting syndicate(of which it is the organizer and a member) and plays the primary role in the launch and sale of the issue of securities underwritten by the syndicate.  4, record 1, English, - lead%20underwriter

Record 1,  Textual support,  French

Record number: 1, Textual support number: 1 DEF

Membre principal, habituellement l'initiateur, d'un syndicat financier constitué lors d'un placement de titres auprès du public, qui prend charge de la gestion de l'opération de placement et s'assure de la mener à bonne fin de concert avec les autres syndicataires.  1, record 1, French, - syndicataire%20chef%20de%20file

Record 1,  Textual support,  Spanish

Record 2,  Textual support,  English

Record number: 2, Textual support number: 1 DEF

The price at which publicly issued securities are made available for purchase by the investment bank underwriting the issue.  2, record 2, English, - offering%20price

Record number: 2, Textual support number: 1 OBS

A security’s offering price includes the underwriter’s fee and any management fees applicable to the issue.  2, record 2, English, - offering%20price

Record 2,  Textual support,  French

Record number: 2, Textual support number: 1 DEF

Prix proposé par l'initiateur d'une offre publique d'achat, qui comprend généralement une prime de contrôle par rapport au cours des actions de la société visée.  1, record 2, French, - prix%20offert

Record 2,  Textual support,  Spanish

Record 3,  Textual support,  English

Record number: 3, Textual support number: 1 DEF

Revolving credit arrangement in the Euromarket, whereby the borrower issues short-term promissory notes (Euronotes) in its own name, generally with maturities of three to six months.  3, record 3, English, - note%20issuance%20facility

Record number: 3, Textual support number: 1 OBS

A group of underwriting banks guarantees the availability of funds by agreeing to purchase any unsold notes at each rollover date, or by writing a standby line of credit. NIFs offer companies the flexibility of short-term financing, and give lenders an opportunity to meet credit needs of borrowers without being required to purchase any unsold notes. The revolving line of credit is often negotiated through a single bank that in turn sells participations to other members of the underwriting syndicate.  3, record 3, English, - note%20issuance%20facility

Record number: 3, Textual support number: 1 CONT

NIF: Note issuance facility. It is difficult to determine when this term was first used but, like "RUF", has become for many the generic term for all manner of euronote issuance facilities irrespective of distribution method. It refers in its accepted sense to a facility using the tender panel distribution method.  4, record 3, English, - note%20issuance%20facility

Record number: 3, Textual support number: 2 OBS

RUFs and NIFs are considered by many as generic terms for any Euronote issuance facility. However, the banks which provide such facilities use varying designations to differentiate their product from those of competitors.  5, record 3, English, - note%20issuance%20facility

Record 3,  Textual support,  French

Record number: 3, Textual support number: 1 DEF

Ouverture de crédit à moyen terme par un établissement financier (ou un groupe d'établissements financiers) qui assure à son client la disponibilité de fonds à court terme moyennant une commission.  1, record 3, French, - facilit%C3%A9%20d%27%C3%A9mission%20garantie

Record number: 3, Textual support number: 1 OBS

l'emprunteur émet, pour placement auprès de tiers, jusqu'à concurrence du montant convenu, des billets à court terme ayant en général une échéance de trois à six mois, successivement pendant une période donnée plus longue, habituellement de cinq à sept ans. L'établissement financier s'engage à acheter les billets que l'emprunteur ne réussit pas à se placer, ou encore à lui fournir un crédit de confirmation.  1, record 3, French, - facilit%C3%A9%20d%27%C3%A9mission%20garantie

Record number: 3, Textual support number: 2 OBS

La facilité d'émission d'effets est accordée à l'emprunteur par un établissement financier (ou un groupe d'établissements financiers) moyennant une commission, ce dernier s'engageant à acheter les billets que l'emprunteur ne réussit pas à placer, ou encore à lui fournir un crédit de soutien.  1, record 3, French, - facilit%C3%A9%20d%27%C3%A9mission%20garantie

Record 3,  Textual support,  Spanish

Record number: 3, Textual support number: 1 DEF

Convenio de mediano plazo que permite a los deudores emitir papel a corto plazo (de tres a seis meses) bajo su propia garantía.  3, record 3, Spanish, - contrato%20de%20emisi%C3%B3n

Record 4,  Textual support,  English

Record number: 4, Textual support number: 1 DEF

Outside bank participating in an underwriting syndicate.  1, record 4, English, - secondary%20participant

Record 4,  Textual support,  French

Record 4,  Textual support,  Spanish

Record 5,  Textual support,  English

Record number: 5, Textual support number: 1 DEF

A RUF for which the underwriting commitment of a participating bank is easily transferable to another bank.  4, record 5, English, - transferable%20revolving%20underwriting%20facility

Record number: 5, Textual support number: 1 OBS

RUF: Revolving underwriting facility. A term first used by Merrill Lynch International Limited denoting a facility which used the sole placing agency distribution method. Strictly speaking, the RUF should denote exclusively this structure but has now become associated by many as the generic term for euronote issuance facilities.  5, record 5, English, - transferable%20revolving%20underwriting%20facility

Record 5,  Textual support,  French

Record number: 5, Textual support number: 1 OBS

Terme utilisé dans un document interne traduit de la Banque des règlements internationaux.  2, record 5, French, - facilit%C3%A9%20renouvelable%20%C3%A0%20prise%20ferme%20comportant%20un%20%C3%A9l%C3%A9ment%20de%20cession

Record 5,  Textual support,  Spanish

Record 6,  Textual support,  English

Record number: 6, Textual support number: 1 CONT

Senior mining companies are known entities with established assets, earnings records and credit ratings. Mine financing for such senior companies can therefore usually be arranged through normal capital market channels-an underwriting or private placement of debt or long term notes or the sale of common or preferred shares. Direct bank loans are also often available and in many cases capital can simply be raised internally from retained earnings and cash flow.  1, record 6, English, - senior%20mining%20company

Record 6,  Textual support,  French

Record number: 6, Textual support number: 1 CONT

Les grandes sociétés minières sont des entreprises qui ont des biens, qui réalisent des bénéfices et qui sont solvables. Le financement minier pour ces grandes sociétés peut donc habituellement être effectué par l'intermédiaire des circuits habituels du marché des capitaux - une souscription à forfait ou le placement privé de titres d'emprunt ou de billets à long terme ou la vente d'actions ordinaires ou privilégiées. Elles peuvent aussi souvent effectuer des emprunts bancaires directs et, dans de nombreux cas, se procurer des capitaux à même leurs bénéfices non répartis et leurs fonds autogénérés.  1, record 6, French, - grande%20soci%C3%A9t%C3%A9%20mini%C3%A8re

Record 6,  Textual support,  Spanish

Record 7,  Textual support,  French

Record 7,  Textual support,  Spanish