Glossary
- Safety cushion
- Sale in the open market
- Saver's Allowance
- Scale for bonds
- Scale for shares
- Schatz future
- SDAX
- Second Quotation Board
- Secondary market
- Secondary purchase
- Sector fund
- Sector index
- Securities
- Securities account
- Securities exchange
- Securities Trading Act
- Seed phase
- Semiannual report (funds)
- Sensitivity (warrants)
- Settlement
- Share
- Share buy-back
- Share price
- Share register
- Shareholder
- Shareholder rights
- Shareholder value
- Shareholders' record
- Shareholder’s right to information
- Sharpe-Ratio
- Shell corporation
- Short position
- Short sale
- SMAX
- SME Growth Market
- SPAC
- Special fund
- Specialised fund
- Specialized fund
- Spot market
- Spread
- Spread certificate
- Squeeze-out
- Standard deviation
- Startup company
- Startup phase
- Steady
- Stock corporation
- Stock cycle
- Stock exchange
- Stock Exchange Act (Börsengesetz)
- Stock exchange monopoly
- Stock index
- Stock market
- Stock market analysis
- Stock market crash
- Stock option
- Stock option plan
- Stock price
- Stock split
- Stop-buy order
- Stop-limit order
- Stop-loss limit
- Stop-loss order
- Stop-market order
- Stop-sell order
- STOXX Europe 50
- STOXX®
- Strike price
- Subscription
- Subscription period
- Subscription rights
- Support buying
- Support Line
- SWAP
- Switch
- Syndicate
- Syndicate bank
- Synthetic bonds
Syndicate
A syndicate consists of several legally and economically independent companies, and is headed by one or more syndicate leaders. Syndicates are created to oversee large-scale financing operations, such as the placement of securities, in order to spread the risk among several companies. The members sign an informal syndicate agreement that specifies the purpose of the syndicate, the length of time it is to exist, its composition and ownership structure, and the tasks to be performed by individual member. The agreement also stipulates each member's liability and the extent to which it participates in profits and losses. The syndicate is usually dissolved when the stated goal has been reached.
In the case of a new issue, banks or investment companies will form an underwriting syndicate which acquires the stocks or bonds from the issuer and places them in the capital market.
Deutsche Börse 
