Bilateral, syndicated, club arrangements

One of the features used to categorise loans is the number of lenders involved. A loan involving one lender is known as a “bilateral loan”. A loan involving more than one lender may be a “syndicated loan” or a “club loan”. Multiple lenders can also be indirectly involved in the same loan by way of sub-participation.

This guidance note explains the key features of bilateral loans, syndicated loans and club loans.

See Bilateral, syndicated, club arrangements.