Dictionary of Banking Terms: lead bank
lead bank
- bank arranging a loan syndication, in which several banks buy participations. The lead bank collects a management fee for assembling the syndicate and arranging the financing terms. In the Eurobond market, a bank that acts as agent for members of an underwriting syndicate.
- investment bank managing an underwriting of securities. Also called a lead manager or managing underwriter.
- bank holding the primary deposit or lending relationship with an organization, normally a corporation with a multibank servicing agreement for its credit and cash management needs.See also concentration bank.
