Abstract

ARIAS BARRERA, Ligia Catherine. General Aspects of Syndicate Loans: special reference to English Law. Rev. Derecho Privado [online]. 2012, n.22, pp.321-353. ISSN 0123-4366.

Abstract The extended use of Syndicate loans is growing as a result of the important sums required by commercial Banks clients. However, the scarcity of sources and the distribution of credit risk among creditors; has pulled up the development of syndication as way of financing. Under a syndicate loan the borrower mandates a bank to arrange the loan on the outlined terms agreed between them. The standard of these type of contracts is the LMA Master Agreement specially constructed upon English law clauses illustrated in this article.

Keywords : syndicate loan; credit risk; LMA Master Agreement.

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