Podcast Location:
Download it here [file size: 24.8 MB]
Categories:
Banking and Financial Services
CPD Points:
Up to 1 point. details »

Due to the difference in guidelines between the SRA and the Bar Standards Board, CPD points are awarded differently for Solicitors, Barristers and Legal Executives:

Regulated by the Solicitors Regulation Authority:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Regulated by the Bar Standards Board:
Listen and pass the quiz: Gain 1 accredited CPD point (60 minutes)

Regulated by ILEX:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Cost:
  • FREE
Length:
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
Yes Downloadable as MP3:    Yes
Contributor(s):
Course Aims:

This podcast outlines the purpose of both syndicated loans and parallel debt. It describes what a trust structure is, the ‘agency’ concept and the role of a security agent or a trustee in the administration of a syndicated loan. It examines the cross-border security implications of syndicated loans and parallel debt and provides some advice and tips for practitioners advising clients undergoing debt restructurings.

Outcomes:
After completing the course you will:
  • Understand what a syndicated loan is;
  • Have considered the purpose of a syndicated facility;
  • Be aware of the practical advantages and disadvantages of a trust structure;
  • Understand the ‘agency’ concept;
  • Have analysed what can be done structurally to mitigate the problems that arise with trust structures;
  • Understand what a parallel debt structure is and how it functions;
  • Be aware of the problems of validity and uncertainty associated with the parallel debt provision.
Level:
General Interest Difficulty: 2 of 5
Classification:
Legislative Updates
Market Update / Hot Topic
Sources and References:
  • .

In this podcast Tomas Gardfors from Norton Rose discusses syndicated loans and the functioning of the parallel debt provision.

NEW! TRANSCRIPT INCLUDED IN ADDITIONAL INFORMATION

Date Recorded: 31st October 2012

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