Jointly Initiated Syndicated Loan

21 January 2024, 19:09

1. A syndicated loan initiated jointly refers to a collection of individual loans (loans, deposits) (hereinafter - loans), provided by creditors (participants in the syndicated loan or syndicate) to one borrower, if in the terms of each of the credit agreements (hereinafter - credit agreements), concluded between the borrower and the creditors, it is stated that:

the repayment period of the borrower's obligations to the creditors and the size of the interest rate are identical for all agreements;

each creditor is obliged to provide funds to the borrower in an amount and under conditions specified in a separate bilateral agreement;

each creditor has an individual right to claim from the borrower (the principal amount of debt and interest on the loan) in accordance with the terms of the concluded bilateral agreement, and accordingly, claims against the borrower for the repayment of received monetary amounts (principal debt and interest) are individual in nature and belong to each specific creditor in the amount and under the conditions provided for in the concluded agreements;

all calculations related to the granting and repayment of the loan are carried out through a credit organization, which may simultaneously be a creditor (a member of the syndicate), performing agency functions (hereinafter - agent bank);

the agent bank acts on behalf of the creditors based on a multilateral agreement concluded with the creditors, which contains general terms for granting the borrower a syndicated loan (total loan amount and participation shares of each bank, interest rate level, loan repayment term), as well as defines the relationships between the creditors and the agent bank

Source: Instruction of the Bank of Russia dated 16.01.2004 No. 110-I (as amended on 28.04.2012) "On mandatory bank ratios" (together with "Methodology for calculating credit risk for conditional obligations of a credit nature", "Methodology for calculating credit risk for forward transactions", "Methodology for determining syndicated loans", "Methodology for determining the level of risk for syndicated loans") (Registered by the Ministry of Justice of Russia on 06.02.2004 No. 5529)

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Морфология

Род

Понятие «совместно инициированный синдицированный кредит» мужского рода.

Склонение и число

Падеж	Единственное число	Множественное число
Р	Совместно инициированного синдицированного кредита	Совместно инициированных синдицированных кредитов
Д	Совместно инициированному синдицированному кредиту	Совместно инициированным синдицированным кредитам
В	Совместно инициированный синдицированный кредит	Совместно инициированные синдицированные кредиты
Т	Совместно инициированным синдицированным кредитом	Совместно инициированными синдицированными кредитами
П	Совместно инициированном синдицированном кредите	Совместно инициированных синдицированных кредитах