1. Concept:

? Led by one or several banks approved to operate loan business, and composed of multiple banks and non-bank financial institutions, a banking group adopts the same loan agreement , a loan method that provides financing to the same borrower according to the agreed term and conditions. The product services are targeted at large and medium-sized enterprises, groups and national key construction projects with huge capital needs. When the amount of funds sought by the borrower is so large that any When a single bank cannot bear the credit risk of the borrower, there is a need for a group of banks. The users of the syndicated loan market are borrowers seeking large amounts of financing in the bank loan market, and the accounting accounts involved are 1324.

2. Composition of syndicate members:

3. Responsibilities of main members:

1. Leading bank

2. Agent bank

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3. Participating banks

4. Understand syndicated loans

1. The loan amount is large and the term is long. It can meet the long-term and large capital needs of borrowers.

2. Financing takes less time and effort.

3. Syndicated loan operations come in various forms. Within the same syndicated loan, various forms of loans can be provided according to the needs of the borrower, such as term loans, revolving loans, and standby letter of credit lines.

4. When a single bank serves as the lead bank, its loan share shall in principle be no less than 20% of the total amount of syndicated financing; the share distributed to other syndicated loan members shall in principle be no less than 50%. According to the responsibility of the lead bank for the final arrangement amount of the loan, the syndicated loan distribution by the syndicate lead bank can be divided into three types: full underwriting, partial underwriting and best-effort promotion.

5. Income

Loan interest + loan fees (commitment fee, management fee, agency fee, miscellaneous fees, etc.)

(1) Commitment fee: also known as To bear the cost. During the loan period, the borrower has to pay interest on the used amount. For the undrawn portion, the bank has to prepare a certain amount of funds for the borrower's withdrawal, so the borrower should pay the lender a commitment fee based on the undrawn loan amount. , compensation for interest losses incurred as a lender assumes loan responsibility.

(2) Management fee: This fee is paid by the borrower to the lead bank that organizes the syndicate. Since the lead bank is responsible for organizing syndication, drafting documents, negotiating with borrowers, etc., an additional loan management fee is charged as compensation for providing additional services. This fee is usually paid within 30 days after signing the loan agreement.

(3) Agency fee: It is paid by the borrower to the agent bank as compensation for the agent bank's work in managing the loan, calculating interest, and allocating funds during the entire loan period.

(4) Miscellaneous expenses: These are fees paid by the borrower to the lead bank for expenses incurred during working hours such as organizing the syndicate and arranging the signing ceremony, such as communication fees, printing fees, attorney fees, etc.

6. Process

1. The bank pays attention to the customer’s financing needs;

2. Receives the customer’s loan information/financing tender;

< p> 3. Discuss with the customer and draft the loan term sheet and financing structure;

4. The bank is formally appointed by the lead bank/lead underwriter of the syndicated loan;

5. Bank confirmation Loan amount;

6. Determine syndicate formation timetable, syndicate strategy and syndicate invitation list;

7. Prepare loan information memorandum, draft group invitation letter, and issue to relevant financial institutions Invitation;

8. The participating banks commit to the subscription amount;

9. Confirm the final loan amount of each syndicated loan participating bank;

10. Regarding the loan agreement, All parties to the guarantee agreement reach an agreement;

11. Signing;

12. Agency bank work (before loan, during loan, after loan)