承销是证券发行人委托具有证券销售资格的金融机构,按照协议由金融机构向投资者募集资金并交付证券的行为和制度。是证券经营机构基本职能之一。根据证券经营机构在承销过程中承担的责任和风险不同,承销可分为包销和代销两种形式。
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这个费用被称为承销差价。
国家银行可以组合包装自己的的抵押贷款,以证券形式承销。
National banks can package their own mortgages and underwrite them as securities.
They're not trading in securities, although they would deal in securities as a part of the underwriting process.
他们不买卖证券,虽然在经营证券,是他们承销的一个环节。
Investment banks are very different in that a pure investment bank does not accept deposits and it doesn't make loans; it's an underwriter for securities.
投资银行是完全不同的,单纯的投资银行既不吸收存款,也不发放贷款,投行是证券承销商
Investment banking means the underwriting of securities.
银行投资业务意味着证券承销。
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