法律英语词汇“loan syndication”的翻译、意思、用法、释义-法律词典

单词

loan syndication

释义

loan syndication

loan syndication lending by a group. The size of some loans is so large that no single financial institution would possess either the resources or the inclination to lend the entire sum on its own. In such cases a syndicate of institutions is formed to provide the necessary funding. The syndication process starts when either a borrower approaches a bank and invites it to initiate arrangements for a syn- dication facility or when the bank itself approaches a corporate bor- rower that it believes is seeking funds. The bank (known as the man- aging bank) will then:

(1) settle in outline with the company the financial and other terms on the basis of which the loan is to be promoted;

(2) approach prospective lenders in the market and provide them with details of the proposed loan and information about the bor- rower in order to enable a judgment to be made as to whether or not to participate; and

(3) negotiate the details of the loan agreement with the borrower. Loan syndications, therefore, comprise two distinct sets of agree- ments: those governing the formation of and participation in the syn-

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locatio conductio

dicate and those governing the relationship between the syndicate and the borrower, in effect, the loan agreement itself.

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