SyndicatedLoanSpeechmaker：喻文文Syndicatedloanisaformofloanbusinessinwhichtwoormorelendersjointlyprovideloansforoneormoreborrowersonthesameloantermsandwithdifferentdutiesandsignthesameloanagreement（貸款協(xié)議）.Usually,onebankisappointedastheagencybank（代理行）tomanagetheloanbusinessonbehalfofthesyndicatemembers.Q.Whatisasyndicatedloan?Original

Q.Original?Evolvedfrombilateralloans(雙邊貸款).AnindividualbankisoftenunableorreluctanttoextentcreditinhugeamountTodiversifyrisk(分散風(fēng)險),severalbanksprovidealoantogetherunderstrictrulesandarrangement.83Businessofsyndicatedloanmainlyinvolvesarranger（安排行）,leadbank（牽頭行）,manager（經(jīng)理行）,participant（參加行）,agencybank（代理行）,coordinator（協(xié)調(diào)行）andothermembers,whowillperformtheduty,enjoytherightandassumetheriskaccordingtothecontractortheirrespectivelendingproportion.Kindreminder1.FeaturesoradvantagesLargeamountandlongterm.

Itcanmeetborrowers'demandforfundsoflongtermandlargeamount.Itisgenerallyusedfornewprojectsloans,largeequipmentleasing（租賃）andenterprises'mergerfinancing（企業(yè)并購融資）intransportation,petrochemical,telecommunication,powerandotherindustries.page83,para.32.Lesstimeandeffortforfinancing（融資）.

FeaturesoradvantagesItisusuallytheresponsibilityofthearranger（安排行）fordoingthepreparationworkofestablishingthesyndicateaftertheborrowerandthearrangerhaveagreedonloantermsbynegotiation.Duringimplementationoftheloans,theborrowerdoesnotneedtofaceallmembersofthesyndicate.Relevantwithdrawal,repaymentofprincipalwithinterest（還本付息）andothermanagementworkrelatedtotheloansshallbefulfilledbytheagencybank（代理行）.安排行是指一家或一組接受客戶委托籌組銀團并安排貸款分銷的銀行，是銀團貸款的組織者和安排者。通常安排行亦會包銷整筆銀團貸款。代理行是指在貸款期內(nèi)，由銀團成員推選及借款人同意下選定其中一家銀行作為代理行。在貸款協(xié)議簽訂后，代理行按照貸款協(xié)議內(nèi)所列條款代表銀團成員辦事，負責(zé)提款、還本付息、貸后管理等貸款管理事宜，負責(zé)借款人和銀團成員之間的信息溝通，并處理違約事件等。3.Diversifiedapproachestosyndicatedloans.

Thesameloansyndicationscanincludemanyformsofloans,suchasfixed-termloans（定期貸款）,revolvingloans（周轉(zhuǎn)貸款）,standbyL/Cline(備用信用證)onrequirementsoftheborrower.Meanwhile,theborrowercanalsochooseRMB,USD,EUR,GBPandothercurrencyorcurrencyportfolio（貨幣組合）,ifneeded.Featuresoradvantages4.Itcanhelpborrowersestablishagoodmarketimage.

Successfulestablishmentofthesyndicatecomesfromtheparticipants'(參與行)fullrecognitionoftheborrower'sfinancialandoperationalperformance,bywhichtheborrowercanbuilduptheirreputation.Featuresoradvantages*參與行是指接受安排行邀請參加貸款銀團，并按照協(xié)商確定的份額提供貸款的銀行。SyndicatedloanmainlyadoptRMB.Besidesit,USD,EUR,GBPandothercurrenciesarealsoavailable.Multiplecurrenciescanbeusedinasinglesyndicatedloanondemandoftheborrower.Currency

Threetofiveyearsforshort-term,Seventotenyearsformedium-termTentotwentyyearsforlong-term.Termormaturity

Lendinginterestrateshallbeset,accordingtodifferentborrowers,inlinewithlendinginterestratepoliciesofthePeople'sBankofChina

andprovisionsofthesyndicatedloancontracts.InterestRate1.Borrowerswhorequirelong-termandlarge-amountloan.2.Borrowerswithhighreputationintheindustry,whoseoperationabilityaswellasfinancialandtechnicalstrengtharerecognizedbymostbanks.TargetCustomers1.Theborrowershouldbethelegalpersonsofenterprises（事業(yè)法人）andpublicinstitutionsaswellasothereconomicorganizationsapprovedandregisteredinPeople'sRepublicofChina.2.TheborrowermustbequalifiedforbasictermsandconditionsontheborrowersofLendingGeneralProvisions

（貸款通則）aswellascreditingmanagementpolicy（授信管理政策）issuedbythebank.3.Theborrowershallmeetrequirementsofcertainlevelaftercreditrating(信用評級)bythebankorotherrecognizedratingagency;ApplicationQualificationsApplicationQualifications4.Theborrowershallbelargeandmediummanufacturingenterprisesorprojectcompanieswithsoundoperationandfinanceaswellasstrongcompetitioninrespectiveindustries,whichshallbepromisinginthedevelopment.5.Theborrowerhasestablishedaregularandsoundpartnershipwithbankgroup.6.Intheeventofjoiningthesyndicatesetupbyotherbanks,thearrangerbankshallbeapolicybank,state-ownedholdingbank（國有控股銀行）orforeignbankwithsufficientcreditandoperationalstrength.1.RelevantinformationontheborrowerandtheirChineseandforeignshareholders

andguarantorsshouldbeprovidedtotheleadbank(牽頭行);2.Businesslicenseandarticlesofassociation（公司章程）oftheborroweraswellasjointventure（合資）orcooperationcontractsofforeign-fundedenterprises（外商投資企業(yè)）andinlandassociatedenterprises（內(nèi)聯(lián)企業(yè)）;3.Projectproposals（項目建議書）,feasibilitystudyreports（可行性研究報告）,engineeringestimates（工程概算）andotherdocumentsapprovedbygovernmentdepartmentsandapprovaldocuments,aswellastheapprovaldocumentsontheprojectprovidedbyadministrationsoftaxation,environmentalprotection,andcustoms;4.Purchasecontracts,constructioncontracts,supplyandsalecontracts（供銷合同）ofprojectequipment.5.Otherdocumentsorinformationneededbythebank.RequiredDocuments.page83lastparaProcedures.Thebankreceiveloaninformation/financingtenderdocuments(融資招標書)ofclient.Thebankdiscusstheloanprovisions（貸款條款）andfinancingstructure（融資結(jié)構(gòu)）withtheclientanddraftstherelateddocuments.Thebankthenbesurelydesignated（受委托為）astheleadbankorunderwriter（主承銷方）forthesyndicatedloan.Thebankthenconfirmstheamountofcredit,definesthesyndicatedtimetable,