Bookrunner refers to a bank that collects funds to provide loans to borrowers according to the amount and progress determined by the relevant loan conditions after the signing of the syndicated loan agreement, and accepts the syndicate's entrustment to manage the syndicated funds according to the responsibilities stipulated in the syndicated loan agreement, and is sometimes called an agent bank.

Second, the main responsibilities of the lead bank

Legal analysis: Responsibilities are as follows: (1) Initiate and organize syndicated loans and distribute the shares of syndicated loans; (2) Conducting due diligence on borrowers before lending, drafting a memorandum of information on syndicated loans and recommending it to potential participating banks; (3) Negotiating with the borrower on behalf of the syndicate to determine the terms of the syndicated loan; (four) on behalf of the syndicate to hire relevant intermediaries to draft the legal text of the syndicated loan; (5) Organizing syndicate members to sign written syndicated loan contracts with borrowers; (six) other duties stipulated in the syndicated loan contract.

Legal basis: According to Article 8 of the Guidelines for Syndicated Loan Business, the lead bank of syndicated loan refers to the bank that is responsible for organizing syndicated loans and distributing the shares of syndicated loans with the consent of the borrower. The lead bank mainly performs the following duties: (1) Initiating and organizing syndicated loans and distributing the shares of syndicated loans; (2) Conducting due diligence on borrowers before lending, drafting a memorandum of information on syndicated loans and recommending it to potential participating banks; (3) Negotiating with the borrower on behalf of the syndicate to determine the terms of the syndicated loan; (four) on behalf of the syndicate to hire relevant intermediaries to draft the legal text of the syndicated loan; (5) Organizing syndicate members to sign written syndicated loan contracts with borrowers; (six) other duties stipulated in the syndicated loan contract.

3. What are the main responsibilities of the lead bank of syndicated loans?

As a bridge between borrowers and lenders, the lead bank assumes corresponding rights and obligations. Before the formation of the syndicate, the lead bank first accepts the entrustment of the borrower and promises to be the borrower's loan bank in the form of a letter of commitment, and provides the borrower with the basic conditions for the loan and prepares an information memorandum; On the basis of market research, send information memos and invitations to potential lenders, be responsible for introducing the credit status of borrowers at the request of lending banks, and timely convey the loan situation of various lending banks to borrowers.

Four, the main responsibilities of the lead bank of syndicated loans do not include (? )

D