profit from the placement of securities, which is received by banks, other credit and financial institutions as a result of mediation between issuers of securities and their buyers. E.p. usually acts as a difference between the issue and market prices of securities. When participating in the placement of shares or bonds of a banking syndicate, E.p. is a pre-agreed remuneration, which is paid by the issuer and divided between the banks->participants of the syndicate.
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