Finance Deals & Syndicated Lending · glossary
Where lenders sell shares of loans after signing. Banks sell to free capital or to stay within limits, and funds buy, sometimes cheaply when a borrower is in trouble. Clause 20 sets the rules. Clause 20 · Chapter 12
Explained in Chapter 12, Transfers and the Secondary Market, of Finance Deals & Syndicated Lending.
The lenders also change over time. A lender can sell its share to a new lender in the secondary market, usually by a transfer certificate. After a year or two, Schedule 1 is out of date, and the agent's register shows who the lenders are.Read Chapter 2, Who's Who in a Syndicated Loan →
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