Manager (Or Senior Manager)

The underwriter that serves as the lead underwriter for an account. The ?manager? generally negotiates the interest rate and purchase price in a negotiated transaction or serves as the generator of the consensus for the interest rate and purchase price to be bid in a competitive bidding situation. The ?manager? signs the contracts on behalf of the account and generally receives either a fee or a slightly larger spread for its services in this capacity. See also ?joint managers."
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