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Dear friend,Syndicatede loan define as Banks and non banking financial institution and DFI (devloped financial institution like investment bank make a financing for single client as a pool.we can also called it bridge financing.
The process of involving several different lenders in providing various portions of a loan. Loan syndication most often occurs in situations where a borrower requires a large sum of capital that may either be too much for a single lender to provide, or may be outside the scope of a lender's risk exposure levels. Thus, multiple lenders will work together to provide the borrower with the capital needed, at an appropriate rate agreed upon by all the lenders.
Syndicated loan is one that is provided by a group of lenders and is structured, arranged, and administered by one or several commercial banks or investment banks.
syndicated credit it is also known as Multi- credit loan, A loan that is large, work and arranged by2 or more financial institutions to share any risk.
i am not an expert , but i have a general idea ,it is a loan provided by a group of lenders, usually commercial or investment banks which are formed into a group, or "syndicate" , same conditions apply to all of the lenders in the syndication, and there is only one loan agreement. One important thing is " loan is extended to a single customer"
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