syndicated

syndicated
syndication/syndicated
United Kingdom
The term has more than one meaning depending on the context in which it is used:
• In the context of a syndicated loan, the process by which one lender "sells" a portion of its debt to a syndicate of lenders, so reducing its own exposure but at the same time reducing its reward.
• In the context of an issue of gilts, the appointment by the UK Government of a group of underwriters to manage and underwrite an issue of gilts. By underwriting the issue, the underwriters agree to buy the gilts should buyers not be found for the issue.
+ syndication/syndicated
USA
syndication, Also known as syndicated.
In the context of a bank loan, the process whereby a small number of arrangers (typically not more than four) divide up a loan among a group of lenders, with each lender being severally liable (several liability) to fund only its pro rata share of the loan. If the loan is syndicated before it is funded, the commitments are allocated to the lenders in the syndicate. If the syndication takes place after the loan is funded, portions of the outstanding loan and any related commitments are sold (by assignment) to the lenders in the syndicate.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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Look at other dictionaries:

  • syndicated — syndicate syn‧di‧cate 2 [ˈsɪndkeɪt] verb [transitive] 1. FINANCE if a company, especially a bank or insurance company, syndicates a loan, debt etc, it provides the loan, debt etc with a group of other companies: syndicate something to • Some of… …   Financial and business terms

  • syndicated — Syndicate Syn di*cate, v. t. [imp. & p. p. {syndicated}; p. pr. & vb. n. {syndicating}.] 1. To combine or form into, or manage as, a syndicate. [Webster 1913 Suppl.] 2. To acquire or control for or by, or to subject to the management of, a… …   The Collaborative International Dictionary of English

  • syndicated — adj. Syndicated is used with these nouns: ↑column, ↑show …   Collocations dictionary

  • syndicated facility — United Kingdom A loan or other credit facility provided by more than one lender to a borrower (or associated borrowers) under the terms and conditions of one facility agreement. A syndicated loan is a loan provided under a syndicated facility but …   Law dictionary

  • syndicated loan — A credit facility granted by more than one bank to a borrower or associated borrowers under the terms of one agreement. Syndication is the process by which one bank sells a portion of its debt to a syndicate of lenders, so reducing its own… …   Law dictionary

  • syndicated bank facility — syndicated loan A very large loan made to one borrower by a group of banks headed by one lead bank, which usually takes only a small percentage of the loan itself, syndicating the rest to other banks and financial institutions. The loans are… …   Accounting dictionary

  • syndicated bank facility — syndicated loan A very large loan made to one borrower by a group of banks headed by one lead manager, which usually takes only a small percentage of the loan itself, syndicating the rest to other banks and financial institutions. The loans are… …   Big dictionary of business and management

  • Syndicated Radio —   [amerikanisch, sɪndɪkeɪtɪd reɪdɪəʊ], in den USA Ende der Sechzigerjahre in Anlehnung an eine ähnliche Praxis im Zeitungswesen entstandene Form des Rundfunks, bei der von einem zentralen Anbieter als Paket produzierte Sendungen eingesetzt sind,… …   Universal-Lexikon

  • syndicated loan — syndicated bank facility …   Accounting dictionary

  • Syndicated loan — A syndicated loan (or syndicated bank facility ) is a large loan in which a group of banks provide funds for a borrower, usually several but without joint liability. There is usually a lead bank or group of banks (the Arranger/s or Agent/s ) that …   Wikipedia

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