① Preliminary negotiation stage. The sponsoring bank (lead bank) of the syndicated loan investigates and analyzes the financing needs of customers to determine whether to organize the syndicated loan. (2) Determine the stage of group framework. The borrower formally entrusts the loan lead bank to sign the loan arrangement proposal. ③ loan issuance stage. The lead bank sends a loan invitation letter to the potential participating banks, and the participating banks confirm whether to join the syndicate and subscribe for the corresponding shares according to the loan evaluation, review and approval process under the established loan conditions.

④ Sign the contract and follow up with the correspondent bank. After the loan issuance is completed, the borrower and the borrower sign a syndicated loan agreement, and the agent bank will follow up and perform various duties according to the syndicated loan agreement.

(2) Main risk points

In addition to the main risks of general loans, we should also pay attention to the following risks when handling them: ① There are regional risks and applicable legal risks in transnational syndicated projects.

② If syndicated loans are underwritten, the lead bank may not be able to allocate loan shares as planned. (3) The decision-making basis of the participating banks of the syndicated loan is the information memorandum provided by the lead bank, and the loan, collection, interest and post-loan management are implemented by the agent bank, which risks information asymmetry and information transmission distortion.

(4) Compensation or reputation risk caused by the correspondent bank's mistakes or negligence.