Kaplan

Introduction

This 3-day programme covers the key areas of loan syndication process with practical considerations. It is an intensive training programme designed to enhance and consolidate participant’s knowledge in the loan syndication market.

Learning Outcomes

• Understand the fundamentals of syndicated lending
• Common types of Syndicated Facilities
• Attractions of Syndicated market
• Describe the various roles & responsibilities of the different participants in the Syndication
• Term Sheet & Cost Analysis
• The various stages of the transaction cycle & the work to be carried out respectively
• Understand some pertinent documentation terms
• Usefulness of LMA & secondary market in syndicated lending

Who Should Attend

This course is designed to give a fundamental understanding to Syndicated Lending & would be ideal for those with 1 to 8 years of banking. It is especially useful for those who are required to handle syndication, either as a business development executive (as an Arranger) or for those who are in credit and/or loan administration in support of syndication.

For those with more than 8 years of banking experiences & not handling syndication but would like to be cross-trained in syndication, this course is suitable as it approaches syndication from a pragmatic point of view.

Pre-Requsite(s)

• Delegates should have fundamental credit knowledge
• Delegates are required to bring along a calculator for this course

Course Outline

Day 1

• Overview & background of the Loan Syndication Market
• Types of Syndicated Facilities
  - Credit Process
  - Types of Credit Facilities: term loans, working capital, trade facility, project finance, etc
  - Additional Features - transferability, multi currency
• Different Roles of a Syndication
  - Arranger, Lead Bank & Participanting Bank
  - Roles & Responsibilities
  - Relationship between Borrower & Banks
  - Fees & Fair Reward
  - Principles of Allocation
• Term Sheet & Cost Analysis
  - Structuring a Term Sheet
  - Sample Term Sheet
  - All-in cost Analysis
   

Day 2

• Short Exercise
• Pre-mandate Phase
  - identifying Borrower's needs
  - Pricing the transaction
  - Negotiations with Borrower
  - Issues in seeking approval
• Post-mandate Phase
  - Preparation of Information Memorandum
  - Instructing counsel
  - Book Running
  - Negotiations with Borrower
  - Signing
• Post Signing Phase
  - After sales service
  - Loan Administration
  - Portfolio Management

Day 3

• Documentation
  - Problems with flexible structures
  - Drawdown Period
  - Fee structures
  - Jurisdictional issues
  - Conditions precedent
  - Representations & Warranties
  - Covenants
  - Material Adverse Change
  - Pari Passu Provisions
  - Remedies for breaches
• Secondary Market
  - Transfer techniques
  - Loan Market Association
• Case Discussion (optional)

Course Date

Please call 6309 5738 or email enquiry.sg@kaplan.com for course dates.

Trainer

Lee Heok Seng

Fee

S$2,700.00 (exclusive of GST)