Western Account definition explanation

What is Western Account?
An offering agreement in which each underwriter in a consortium of underwriters is responsible only for selling its alloted amount of the new issue. Once participants have met their previously agreed upon target allotment sale, their liability in the offering is completed. Read more for examples and further explanation including related video clips and also comments
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Undivided Account definition explanation

What is Undivided Account?
An underwriting system in which each underwriter in the group is responsible not only for selling its alloted amount of the new issue but also for selling any excess issue not sold by the underwriting group as a whole. This is also referred to as an “”Eastern account””, and it is the opposite of a divided account. Read more for examples and further explanation including related video clips and also comments
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