http://fadyart.com/financialInstruments#SyndicatedLoan
Class 'fi:Syndicated loan'
US-CFI Code
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L
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2
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A syndicated loan (or syndicated bank facility) is a large loan in which a group of banks work together to provide funds for a borrower. There is usually one lead bank (the Arranger or Agent) that takes a percentage of the loan and syndicates the rest to other banks. A syndicated loan is the opposite of a bilateral loan, which only involves one borrower and one lender (often a financial institution.) A syndicated loan is a much larger and more complicated version of a participation loan. There are typically more than 2 banks involved in a syndication.
This article uses material from Wikipedia and is licensed under the GNU Free Documentation License.
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Syndicated loan
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