金融银团贷款

SyndicatedLoanSpeechmaker：喻文文Syndicatedloanisaformofloanbusinessinwhichtwoormorelendersjointlyprovideloansforoneormoreborrowersonthesameloantermsandwithdifferentdutiesandsignthesameloanagreement（贷款协议）.Usually,onebankisappointedastheagencybank（代理行）tomanagetheloanbusinessonbehalfofthesyndicatemembers.Q.Whatisasyndicatedloan?Original

Q.Original?Evolvedfrombilateralloans(双边贷款).AnindividualbankisoftenunableorreluctanttoextentcreditinhugeamountTodiversifyrisk(分散风险),severalbanksprovidealoantogetherunderstrictrulesandarrangement.83Businessofsyndicatedloanmainlyinvolvesarranger（安排行）,leadbank（牵头行）,manager（经理行）,participant（参加行）,agencybank（代理行）,coordinator（协调行）andothermembers,whowillperformtheduty,enjoytherightandassumetheriskaccordingtothecontractortheirrespectivelendingproportion.Kindreminder1.FeaturesoradvantagesLargeamountandlongterm.

Itcanmeetborrowers'demandforfundsoflongtermandlargeamount.Itisgenerallyusedfornewprojectsloans,largeequipmentleasing（租赁）andenterprises'mergerfinancing（企业并购融资）intransportation,petrochemical,telecommunication,powerandotherindustries.page83,para.32.Lesstimeandeffortforfinancing（融资）.

FeaturesoradvantagesItisusuallytheresponsibilityofthearranger（安排行）fordoingthepreparationworkofestablishingthesyndicateaftertheborrowerandthearrangerhaveagreedonloantermsbynegotiation.Duringimplementationoftheloans,theborrowerdoesnotneedtofaceallmembersofthesyndicate.Relevantwithdrawal,repaymentofprincipalwithinterest（还本付息）andothermanagementworkrelatedtotheloansshallbefulfilledbytheagencybank（代理行）.安排行是指一家或一组接受客户委托筹组银团并安排贷款分销的银行，是银团贷款的组织者和安排者。通常安排行亦会包销整笔银团贷款。代理行是指在贷款期内，由银团成员推选及借款人同意下选定其中一家银行作为代理行。在贷款协议签订后，代理行按照贷款协议内所列条款代表银团成员办事，负责提款、还本付息、贷后管理等贷款管理事宜，负责借款人和银团成员之间的信息沟通，并处理违约事件等。3.Diversifiedapproachestosyndicatedloans.

Thesameloansyndicationscanincludemanyformsofloans,suchasfixed-termloans（定期贷款）,revolvingloans（周转贷款）,standbyL/Cline(备用信用证)onrequirementsoftheborrower.Meanwhile,theborrowercanalsochooseRMB,USD,EUR,GBPandothercurrencyorcurrencyportfolio（货币组合）,ifneeded.Featuresoradvantages4.Itcanhelpborrowersestablishagoodmarketimage.

Successfulestablishmentofthesyndicatecomesfromtheparticipants'(参与行)fullrecognitionoftheborrower'sfinancialandoperationalperformance,bywhichtheborrowercanbuilduptheirreputation.Featuresoradvantages*参与行是指接受安排行邀请参加贷款银团，并按照协商确定的份额提供贷款的银行。SyndicatedloanmainlyadoptRMB.Besidesit,USD,EUR,GBPandothercurrenciesarealsoavailable.Multiplecurrenciescanbeusedinasinglesyndicatedloanondemandoftheborrower.Currency

Threetofiveyearsforshort-term,Seventotenyearsformedium-termTentotwentyyearsforlong-term.Termormaturity

Lendinginterestrateshallbeset,accordingtodifferentborrowers,inlinewithlendinginterestratepoliciesofthePeople'sBankofChina

andprovisionsofthesyndicatedloancontracts.InterestRate1.Borrowerswhorequirelong-termandlarge-amountloan.2.Borrowerswithhighreputationintheindustry,whoseoperationabilityaswellasfinancialandtechnicalstrengtharerecognizedbymostbanks.TargetCustomers1.Theborrowershouldbethelegalpersonsofenterprises（事业法人）andpublicinstitutionsaswellasothereconomicorganizationsapprovedandregisteredinPeople'sRepublicofChina.2.TheborrowermustbequalifiedforbasictermsandconditionsontheborrowersofLendingGeneralProvisions

（贷款通则）aswellascreditingmanagementpolicy（授信管理政策）issuedbythebank.3.Theborrowershallmeetrequirementsofcertainlevelaftercreditrating(信用评级)bythebankorotherrecognizedratingagency;ApplicationQualificationsApplicationQualifications4.Theborrowershallbelargeandmediummanufacturingenterprisesorprojectcompanieswithsoundoperationandfinanceaswellasstrongcompetitioninrespectiveindustries,whichshallbepromisinginthedevelopment.5.Theborrowerhasestablishedaregularandsoundpartnershipwithbankgroup.6.Intheeventofjoiningthesyndicatesetupbyotherbanks,thearrangerbankshallbeapolicybank,state-ownedholdingbank（国有控股银行）orforeignbankwithsufficientcreditandoperationalstrength.1.RelevantinformationontheborrowerandtheirChineseandforeignshareholders

andguarantorsshouldbeprovidedtotheleadbank(牵头行);2.Businesslicenseandarticlesofassociation（公司章程）oftheborroweraswellasjointventure（合资）orcooperationcontractsofforeign-fundedenterprises（外商投资企业）andinlandassociatedenterprises（内联企业）;3.Projectproposals（项目建议书）,feasibilitystudyreports（可行性研究报告）,engineeringestimates（工程概算）andotherdocumentsapprovedbygovernmentdepartmentsandapprovaldocuments,aswellastheapprovaldocumentsontheprojectprovidedbyadministrationsoftaxation,environmentalprotection,andcustoms;4.Purchasecontracts,constructioncontracts,supplyandsalecontracts（供销合同）ofprojectequipment.5.Otherdocumentsorinformationneededbythebank.RequiredDocuments.page83lastparaProcedures.Thebankreceiveloaninformation/financingtenderdocuments(融资招标书)ofclient.Thebankdiscusstheloanprovisions（贷款条款）andfinancingstructure（融资结构）withtheclientanddraftstherelateddocuments.Thebankthenbesurelydesignated（受委托为）astheleadbankorunderwriter（主承销方）forthesyndicatedloan.Thebankthenconfirmstheamountofcredit,definesthesyndicatedtimetable,