Transferable Underwriting Facility - TRUF

Dictionary Says

Definition of 'Transferable Underwriting Facility - TRUF'


A type of underwriting facility that deals in Euro notes. Transferable underwriting facilities allow project managers to transfer their Euro note underwriting commitments to other parties. The receiving party then assumes all responsibility for the underwriting from that point on.

Investopedia Says

Investopedia explains 'Transferable Underwriting Facility - TRUF'


The transfer of underwriting commitment must be approved by all parties involved. Both the responsibility and the management of the underwriting are then transferred to the new party. This arrangement allows the original underwriters to satisfy their commitment by moving it to another party that is capable of completing the transaction.

comments powered by Disqus
Hot Definitions
  1. Chicago Mercantile Exchange - CME

    The world's second-largest exchange for futures and options on futures and the largest in the U.S. Trading involves mostly futures on interest rates, currency, equities, stock indices and agricultural products.
  2. Private Equity

    Equity capital that is not quoted on a public exchange. Private equity consists of investors and funds that make investments directly into private companies or conduct buyouts of public companies that result in a delisting of public equity.
  3. Valuation

    The process of determining the current worth of an asset or company. There are many techniques that can be used to determine value, some are subjective and others are objective.
  4. Valuation

    The process of determining the current worth of an asset or company. There are many techniques that can be used to determine value, some are subjective and others are objective.
  5. Tech Street

    A term used in the financial markets and the press to refer to the technology sector. Companies like Intel, Microsoft, Apple and Dell are all considered to be part of Tech Street.
  6. Tech Street

    A term used in the financial markets and the press to refer to the technology sector. Companies like Intel, Microsoft, Apple and Dell are all considered to be part of Tech Street.
Trading Center