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SYNDICATE MEANING PLUS

The WSO Hedge Fund Interview Prep Course has everything you'll ever need to land the most coveted jobs on the buyside. Want to land at an elite hedge fund use our HF Interview Prep Course which includes 814 questions across 165 hedge funds. Looking to Break into the Hedge Fund World? Breaking into Private Equity from Banking.Read More About Research Positions On Wall Street Oasis banks will sell down and risk share trade finance deals (see BAFT MRPA for standard) or real estate finance, FI deals, PXF, project finance basically all types of debt. The syndication function can also extend wider to other forms of finance i.e.

SYNDICATE MEANING PLUS

Loan Trading - this is another important function of the Syndication function dealing with trading of existing loans and the Banks portfolio optimisation - as mention a lot of BB banks operate an originate to distribute model, but equally will run a trading book on "flow names" such a leverage credit which investor regularly buy and sell plus selling down from portfolio.

we only want x or y bank or for example, a commodity trader may have x2 RCFs on targeted for Asia market and another for European (Mercuria for example) A deal can be an open market or often limit to whitelist or bank list where the issuer will say I.e.

Syndicate and Sales - there can be a crossover between 1 & 2 however generally the sales desk is the reach out to market, understanding what other smaller Banks, funds, CLOs etc are looking for or what they may like.

Origination - is the pitch side working with the coverage teams and credit - regarded as a specialist structuring functions guiding on price, market conditions, expectations, trends, documentation, guiding and pitching etc.

The syndicate desk is responsible for finding the lenders and determining the terms of the loan by putting together the appropriate market research.īluesilver - Investment Banking Director: In terms of working on loans desk would echo the difference between Leverage and IG - however also make the following observations of a larger Banks function: They are usually used for larger deals, reducing the individual risk of a creditor by spreading it across several. A syndicate loan is a loan put together by a bank through multiple lenders.

While the syndicate desk will often be responsible for putting together a syndicate loan, it is but one of the tasks the do.

How are the syndicate desk and syndicate loans related? It is with this information that they are able to collaborate and put together a feasible, and sellable recommendation.Ĭheck out how the syndicate desk flows with other parties in this photo from Iota Finance Once the data is prepared, they report it to the company wishing to launch the new deal. Someone from the syndicate team performs research by working with investors and banks, as well as any other related parties, to better understand the market. When getting ready to launch a new deal, the syndicate desk gathers the necessary data to do it properly. They want to get the right price so attracting the right buyers. They are also referred to as a syndicate team and are important for corporations trying to launch a new deal to market. A Brief Definition of Syndicate DeskĪ syndicate desk is a team of individuals responsible for researching, marketing, and pricing larger deals on the sell-side, particularly bonds, loans, or stocks of companies. From my understanding, they are dealing with corps on the FI side of things and structure a debt package which their sales guys then go and push to clients.