{"iri":"https://folio.openlegalstandard.org/R7rSItsmfZhibf6F9nn0puD","label":"Syndicate","sub_class_of":["https://folio.openlegalstandard.org/R8xoAbLw9cOhM7q4iRXRmXu"],"parent_class_of":[],"is_defined_by":null,"see_also":[],"comment":null,"deprecated":false,"preferred_label":"Club Deal","alternative_labels":["Lending Consortium","Loan Syndicate"],"translations":{},"hidden_label":null,"definition":"A Syndicate refers to a group of individuals or organizations that come together for a common purpose, often to pool resources, share risks, and achieve a collective goal in various industries. In a financial transactions, a syndicate refers to a group of financial institutions or investors that come together to collectively finance a large loan or underwrite a security issuance, spreading the risk among all participants. In the context of a syndicated loan, the syndicate includes multiple lenders who each contribute a portion of the loan amount, with one or more lead banks coordinating the transaction.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}