Glossary entry

English term or phrase:

All-or-none underwriting

French translation:

placement «tout ou rien»

Apr 15, 2011 16:57
13 yrs ago
English term

all-or-none underwriting

GBK English to French Bus/Financial Law: Contract(s)
Definition from The Free Dictionary:
An arrangement whereby a security issue is cancelled if the underwriter is unable to resell the entire issue.
Example sentences:
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)
Proposed translations (French)
5 +2 placement «tout ou rien»
Change log

Apr 15, 2011 16:42: changed "Kudoz queue" from "In queue" to "Public"

Apr 15, 2011 16:57: changed "Stage" from "Preparation" to "Submission"

Apr 18, 2011 17:57: changed "Stage" from "Submission" to "Selection"

Apr 27, 2011 13:54:

May 16, 2011 19:54:

May 17, 2011 11:54: changed "Stage" from "Selection" to "Completion"

Proposed translations

+2
3 hrs
Selected

placement «tout ou rien»

Convention de placement de valeurs prévoyant le droit pour l'émetteur d'annuler toute l'opération si la maison de courtage de valeurs ou le syndicat financier ne parvient pas à placer l'ensemble des valeurs émises auprès du public.
Example sentences:
Certains observateurs privilégient un lien proportionnel, où des objectifs atteints pleinement, passablement ou faiblement donnent droit à 100, 50 ou 25 % de la prime. D'autres préfèrent une approche " tout ou rien " : le rendement de l'action, par exemple, doit dépasser celui des concurrents d'un certain pourcentage, sans quoi le dirigeant ne recevra aucune prime. (Lesaffaires.com)
Note : la Bourse de Toronto (TSX) n’accepte plus les ordres de type « tout ou rien ». Les ordres « tout ou rien » de détail doivent être exécutés en entier ; aucune exécution partielle ne doit être effectuée ou inscrite dans l'attente de son exécution complète. (Disnat Courtage en ligne)
Si vous placez des restrictions de type « tout ou rien » sur votre ordre, il est plus difficile de l'exécuter parce que la Bourse doit trouver l'exacte contrepartie de votre offre. (RBC Placements en direct)
Peer comment(s):

agree Liliane Hatem
31 days
agree Lise Boismenu, B.Sc. : C'est la bonne traduction dans ce contexte...
31 days
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4 KudoZ points awarded for this answer.
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