Finance Deals & Syndicated Lending · glossary
The identity checks the law requires each lender to run on its customer. Each lender runs its own, and the Obligors must supply the evidence. KYC is often the last condition precedent to arrive. Clause 16.5 · Chapter 2 · Chapter 14
Explained in Chapter 2, Who's Who in a Syndicated Loan, of Finance Deals & Syndicated Lending.
Part of that work is the know your customer (KYC) checks. The law requires each lender to check who its customer is, so each lender runs its own checks and the agent cannot do them for the others. Clause 16.5 makes the Obligors supply the evidence a lender reasonably asks for.Read Chapter 2, Who's Who in a Syndicated Loan →
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