Glossary entry (derived from question below)
English term or phrase:
All-or-none underwriting
Arabic translation:
الاكتتاب بالكامل او لا شيء
English term
all-or-none underwriting
All or none underwriting allows the issuing corporation to contract for the sale of all shares. If any shares remain at the end of the underwriting process, the underwriting is cancelled. Underwriters cannot deceive investors by stating that all of the securities in the underwriting have been sold if it is not true. (Investopedia)
The Board is of the view that an initial "when, as and if issued" confirmation of a transaction in a security which is the subject of an "all or none" underwriting may be sent out prior to the time a formal bond purchase agreement is executed. ( Municipal Securities Rulemaking Board)
There is one last variation. That is called an 'All Or None Underwriting'. Under this type of underwriting the underwriter agrees to do his best to sell the entire issue by a certain date. All of the proceeds go into an escrow account. If the securities are not all sold by the certain date, the money is returned to the purchasers and the issue is canceled. (Initial Public Stock Offering)
5 +2 | الاكتتاب بالكامل او لا شيء | Liliane Hatem |
4 | الاكتتاب بكل شئ او لاشئ | manalsalha (X) |
4 | الاكتتاب بالاجمال أو الالغاء | Morano El-Kholy |
Apr 15, 2011 16:39: changed "Kudoz queue" from "In queue" to "Public"
Apr 15, 2011 16:55: changed "Stage" from "Preparation" to "Submission"
Apr 18, 2011 17:56: changed "Stage" from "Submission" to "Selection"
Apr 21, 2011 04:54: changed "Stage" from "Selection" to "Completion"
Apr 21, 2011 04:56: Liliane Hatem Created KOG entry
Proposed translations
الاكتتاب بالكامل او لا شيء
وهناك نوع آخر يدعى تغطية كل الإكتتاب أو لا شيء وبموجب هذا النوع من تغطية الإكتتاب يوافق متعهد التغطية على أن يبذل أقصى جهوده لبيع الإصدار بكامله بحلول تاريخ معين. وتذهب كل العوائد إلى حساب معلق التسليم (Escrow Account). فإذا لم يتم بيع كل الأوراق المالية بحلول تاريخ معين تعاد الأموال إلى المستثمرين ويتم إلغاء الإصدار. (www.ibtesama.com)
An arrangement whereby a security issue is cancelled if the underwriter is unable to resell the entire issue. (stock market dictionary)
Requirement that none of an order be executed unless all of it can be executed at the specified price (Financial Terms)
الاكتتاب بكل شئ او لاشئ
The offering of a security in which the entire issue must be sold or the offering is void. The lead underwriter has the ability to cancel the offering if the entire issue is not sold. Most best effort deals are all-or-none offerings. (The free dictionary)
الاكتتاب بالاجمال أو الالغاء
option of canceling public stock issue. The option of canceling a public offering of stock if the underwriting is not fully subscribed. (QFINANCE Dictionary)
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