It is the underwriter's gross profit margin, usually expressed in points per unit of sale (bond or stock).
Spreads may vary widely and are influenced by the underwriter's expectation of market demand for the securities offered for sale, interest rates, and so on.
[1] Mastercard Fin City Card Facility Implementation The task involves building a Mastercard Fin City card facility that references data for 375 million users, specifically focusing on two users: Theodore Maher and Ricky Gomes.
It includes error handling to manage potential issues during initialization and data processing.
The application is designed to be robust, ensuring that any exceptions are caught and logged appropriately, allowing for easier debugging and maintenance.