Syndication
From Open Risk Manual
Definition
Syndication is the process of selling legal or economic interests in loans or other payment obligations to an investor or group of investors by the original organizer of such financing.
Syndication may be built into the arrangement of the financing or take place subsequently, but normally promptly, thereafter. The investors may all be parties to a single agreement including the borrower or may be parties to a separate agreement not involving the borrower. The arranger of the financing is normally an agent for the investors.
