合理谨慎。应有
![](https://www.godic.net/tmp/wordimg/JFixGdWP0kUfowutoSfeQEULCn8=.png)
审慎。应有
![](https://www.godic.net/tmp/wordimg/JFixGdWP0kUfowutoSfeQEULCn8=.png)
注
![](https://www.godic.net/tmp/wordimg/2VOhCMeyUxARZ@Bq2bWZockGGsY=.png)
。
![](https://www.godic.net/tmp/wordimg/rn7is5rmlNUzJOp5M5ARDgLaLyE=.png)
![](https://www.godic.net/tmp/wordimg/t2fTR@6nf0Q42OvQSRFZse9uyLc=.png)
审查。尽职调查。审慎调查。审慎性调查。勤责。审查评鉴。
用于各种投融资项目,如上市,并购,贷款等等。该过程比较繁琐,项目方容易失去耐心。
对于上市,在向呈交所有文书工作以求获得批准之前,
![](https://www.godic.net/tmp/wordimg/vVFGn4fvCd@2qHYCUgmMLi1XHP4=.png)
须对自己
![](https://www.godic.net/tmp/wordimg/JFixGdWP0kUfowutoSfeQEULCn8=.png)
客户进行调查。Due Diligence即是投资人对投资
![](https://www.godic.net/tmp/wordimg/JFixGdWP0kUfowutoSfeQEULCn8=.png)
对象进行诸如运营和管理方面
![](https://www.godic.net/tmp/wordimg/JFixGdWP0kUfowutoSfeQEULCn8=.png)
调查与核实
![](https://www.godic.net/tmp/wordimg/JFixGdWP0kUfowutoSfeQEULCn8=.png)
过程。此类调查始于20世纪30年代,要求承销人
![](https://www.godic.net/tmp/wordimg/vVFGn4fvCd@2qHYCUgmMLi1XHP4=.png)
须对委托自己承销股票或债券
![](https://www.godic.net/tmp/wordimg/JFixGdWP0kUfowutoSfeQEULCn8=.png)
公司有足够
![](https://www.godic.net/tmp/wordimg/JFixGdWP0kUfowutoSfeQEULCn8=.png)
![](https://www.godic.net/tmp/wordimg/3oImYCEuLFxBj@JrFd@@OA@Jydyo=.png)
![](https://www.godic.net/tmp/wordimg/2@JZeNVN7RkG7ED6lL@qYbhtFKU=.png)
。
现在发行公司
![](https://www.godic.net/tmp/wordimg/vVFGn4fvCd@2qHYCUgmMLi1XHP4=.png)
须用标准
![](https://www.godic.net/tmp/wordimg/JFixGdWP0kUfowutoSfeQEULCn8=.png)
法定
![](https://www.godic.net/tmp/wordimg/t2fTR@6nf0Q42OvQSRFZse9uyLc=.png)
式全面公开各种经过
![](https://www.godic.net/tmp/wordimg/rn7is5rmlNUzJOp5M5ARDgLaLyE=.png)
![](https://www.godic.net/tmp/wordimg/t2fTR@6nf0Q42OvQSRFZse9uyLc=.png)
调查和鉴定
![](https://www.godic.net/tmp/wordimg/JFixGdWP0kUfowutoSfeQEULCn8=.png)
商业信息。为
![](https://www.godic.net/tmp/wordimg/3oImYCEuLFxBj@JrFd@@OA@Jydyo=.png)
保证公开信息
![](https://www.godic.net/tmp/wordimg/JFixGdWP0kUfowutoSfeQEULCn8=.png)
可靠性,承销人(在IPO情况下通常由首席投行带领)在三个层面上“勤责”。在法律层面,他们
![](https://www.godic.net/tmp/wordimg/vVFGn4fvCd@2qHYCUgmMLi1XHP4=.png)
须验证公司有没有税收问题、诉讼风险和其他法律上
![](https://www.godic.net/tmp/wordimg/JFixGdWP0kUfowutoSfeQEULCn8=.png)
红灯。在财务上,公司
![](https://www.godic.net/tmp/wordimg/vVFGn4fvCd@2qHYCUgmMLi1XHP4=.png)
须透露至少五年内
![](https://www.godic.net/tmp/wordimg/JFixGdWP0kUfowutoSfeQEULCn8=.png)
各项报表,所有债务和产权在资产负债表上
![](https://www.godic.net/tmp/wordimg/vVFGn4fvCd@2qHYCUgmMLi1XHP4=.png)
须清楚列出。在运营层面,承销人
![](https://www.godic.net/tmp/wordimg/vVFGn4fvCd@2qHYCUgmMLi1XHP4=.png)
须检查公司
![](https://www.godic.net/tmp/wordimg/JFixGdWP0kUfowutoSfeQEULCn8=.png)
所有部门或工厂、竞争对象、管理班子
![](https://www.godic.net/tmp/wordimg/JFixGdWP0kUfowutoSfeQEULCn8=.png)
身份和背景等等。
Due diligence is the process by which information is gathered about the issuer in order to produce a marketing and a disclosure document that provides full disclosure, thus mitigating liability for those potentially at risk.
Due diligence Risks:
.. inadequate /inaccurate disclosure
.. pricing not reflecting risk
.. ill-informed decision making by investors
.. undermining the reputation of the issuer and investment banks involved
[die] (证券发行)谨慎处理。适当
![](https://www.godic.net/tmp/wordimg/JFixGdWP0kUfowutoSfeQEULCn8=.png)
注
![](https://www.godic.net/tmp/wordimg/2VOhCMeyUxARZ@Bq2bWZockGGsY=.png)
。适当评鉴。
[die] 审慎。认真负责。
due diligence, duty of diligence, duty of care