Please mark the only item which does not describe or are applicable for the debt capital markets operations of an investment bank (IBs):

	a.	the Syndicate Desk works with the sales force on reverse inquiry to get a sense for the type of issuer, amount, tenor and pricing the buy side is looking for
	b.	the IB will register deal with the SEC, conduct the due diligence, and issue the red herring and prospectus for the deal
	c.	the Debt Capital Market desk in investment banking division (private side) works with syndicate desk in the securities division (Public side) to bring bond a deal to the market
	d.	once issued, the DCM group of the Investment Banking Division will trade the newly issued deal in the secondary market