Encyclopedia

Individually Initiated Syndicated Loan


2. An individually initiated syndicated loan refers to a loan provided by a bank (the original creditor) in its own name and at its own expense to the borrower, the rights to which (a part thereof) are subsequently assigned by the original creditor to a third party (parties) (banks - members of the syndicate) subject to the following conditions:

the share of each bank - member of the syndicate in the total volume of the rights to claim against the borrower (principal debt and interest on the loan) is determined by agreements between the banks - members of the syndicate and the original creditor, and is recorded in each individual assignment agreement concluded between the original creditor and the bank - member of the syndicate;

the procedure for actions by the banks - members of the syndicate in the event of insolvency (bankruptcy) of the borrower, including the enforcement against collateral or other security in case such exists, is defined by a multilateral agreement

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 in conditional obligations of a credit nature", "Methodology for calculating credit risk in 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)

Морфология

Род

Понятие «индивидуально инициированный синдицированный кредит» мужского рода.

Склонение и число

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

Codes and federal laws