A syndicated loan is offered by a group of lenders who work together to provide credit to a large borrower. The borrower can be a corporation Corporation A corporation is a legal entity created by individuals, stockholders, or shareholders, with the purpose of operating for profit. A syndicated loan, also known as a syndicated bank facility, is financing offered by a group of lenders—referred to as a syndicate—who work together to provide funds for a single borrower. The borrower can be a corporation, a large project, or a sovereign government.

A SYNDICATED LOAN REQUIRES AN AGENT TO ADMINISTER THE LOAN UNTIL IT MATURES •The administrative agent administers the loan; it is the agent of the lenders and not the agent of the borrower. In practice, however, the agent often has the business relationship with the borrower. (The agent’s role should Co-published by McGraw-Hill and the Loan Syndications and Trading Association (LSTA), The Handbook of Loan Syndications and Trading fully explains the evolution and history of the loan market…primary and secondary markets …analytics and performance…the credit agreement… pricing and all legal and regulatory issues. A syndicated loan is offered by a group of lenders who work together to provide credit to a large borrower. The borrower can be a corporation, an individual project, or a government. Each lender in the syndicate contributes part of the loan amount, and they all share in the lending risk. Syndicated loans may fall foul of new accounting classifications that bucket them in dealers’ trading books – causing them to swallow punitive market risk capital charges for assets they argue belong in banking books.

2 Jan 2018 "2017 was a strong year for the secondary loan trading market, according to the Q4 data snapshot report from IHS Markit. Quarterly report 

Syndicated Lending aims to increase the readers awareness of the benefits and risks involved in taking part in the Syndicated Loan market. This book covers: *Who the major players in the syndication loan market are *Why syndication loans are used *Syndication loan structures and documentation *Secondary syndication loan market The Handbook of Loan Syndications and Trading is the first resource especially designed to equip institutional investors and professional money managers with expert analysis and insights on every key aspect of this rapidly growing financial market. The LSTA has been the leading advocate for the U.S. syndicated loan market since 1995, fostering cooperation and coordination among all loan market participants, facilitating just and equitable market principles, and inspiring the highest degree of confidence among investors in corporate loan assets. Additionally, banks will typically have a loan trading book (an inventory of loans) that they are trading purely speculatively like any other commodity by trying to sell the loan for more than they paid for it. The expectation is that any loan on the trading book will be sold at most a few months after being bought.

As a result of market flex, loan syndication functions as a book-building exercise, in bond-market parlance. A loan is originally launched to market at a target spread or, as was increasingly common by 2008 with a range of spreads referred to as price talk (i.e., a target spread of, say, LIBOR+250 to LIBOR+275).

The Loan Syndications & Trading Association. (LSTA) assists CGS with the syndicated loan program. Benefits. • Standardized CUSIP identifiers to support 

In book: Syndicated Loans, pp.6-14 this increasingly global market, focusing on participants, pricing mechanisms, primary origination and secondary trading.

Loan Trading - this is another important function of the Syndication function dealing with trading of existing loans and the Banks portfolio optimisation - as mention a lot of BB banks operate an originate to distribute model, but equally will run a trading book on "flow names" such a leverage credit which investor regularly buy and sell plus Syndicated loans are loans made by a consortium of institutional investors and/or banks to a corporation in exchange for interest payments. In the primary market, the corporate borrower uses a bank agent to make certain that the borrower and lenders complete the necessary paperwork, so that each lender owns a part of the total loan.

Finally, the founding of the Loan Syndication and Trading Association confidently use sophisticated loan portfolio management techniques because they know 

Co-published by McGraw-Hill and the Loan Syndications and Trading Association (LSTA), The Handbook of Loan Syndications and Trading fully explains the evolution and history of the loan market…primary and secondary markets …analytics and performance…the credit agreement… pricing and all legal and regulatory issues. A syndicated loan is offered by a group of lenders who work together to provide credit to a large borrower. The borrower can be a corporation, an individual project, or a government. Each lender in the syndicate contributes part of the loan amount, and they all share in the lending risk.

Loan Syndications and Trading Association. From Wikipedia, the free encyclopedia. Jump to navigation Jump to search. Question book  Amazon.com: The Handbook of Loan Syndications and Trading ( 9780071468985): Lsta, Alicia Sansone: Books. Amazon.com: The Handbook of Loan Syndications and Trading eBook: LSTA ( Loan Syndications and Trading Assoc.), Allison Taylor, Alicia Sansone, Alicia  Syndicated loans are credits granted by a group of banks to a borrower. They participants, pricing mechanisms, primary origination and secondary trading. It financial institutions establish loan portfolio management departments, there. Today's new breed of lenders uses portfolio theory and the secondary market trading of syndicated loans to manage the credit risk of their loan portfolios. Oliver   This book covers: Who the major players in the syndication loan market are Why syndication loans are used Syndication loan structures and documentation