单选题 A syndicated loan is a loan arranged by a lead bank between borrower, itself, and a group of other banks that are parties to the original credit agreement. These syndicated banks share credit information and credit risk.
A syndicated loan is a large credit, generally more than USD10 million, negotiated between a borrower and a single bank, but actually funded by several other banks. The negotiating or "lead" bank has often won the "mandate" from a number of competitors and has often underwritten a large portion of the credit and is responsible for organizing the syndication which includes inviting other banks to act as manager/ co - manager in providing additional underwriting support to the credit before going to market for general syndication to "participants". The resulting credit is governed by a single loan agreement signed by the borrower and all of the banks involved.

单选题 From the passage, we can infer that the purpose of the syndicated loan is usually to finance a major capital investment program.

单选题 A syndicated loan is arranged by a lead bank between borrower, itself, and a group of other banks. The lead bank itself actually does not fund the credit.

单选题 The resulting credit is governed by separate loan agreements signed by the borrower and the respective banks involved.

单选题 The negotiating or "lead" bank is responsible for inviting other banks to provide additional credit support.