Series 79: Confidential Information Memorandum (CIM)

Taken from our FINRA Investment Banking Exam

Definition of the term Confidential Information Memorandum (CIM)...

a document created by the sell-side banking team in a proposed merger or acquisition; it contains detailed, confidential information about the target. The CIM is the rough equivalent of a prospectus; although, unlike a prospectus, a CIM has no required format or content.

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