For large corporate borrowers, China Bank – Trust Group can act as loan agent to act in behalf of one’s creditors. A loan agent is usually required under syndicated loan arrangements where there is a need to service the needs of the various creditors in terms of:
- Computing the amounts due to each respective lender
- Collecting the payments due from the borrower for distribution to the lenders
- Making representations with the Mortgage Trust Indenture (MTI) trustee as may be warranted by circumstances
- Preparing and submitting reports to the lenders, borrower and other parties as may be required
For more details, please call Trust Group - Business Development and Portfolio Management Division at (632) 885-5850, 885-5859, 885-5852 to 53, 885-5878 or visit your nearest China Bank Branch