SWIFT The global provider of secure financial
messaging services

Business transactions

Published 28 September 2006

Syndications

Syndication transactions are covered by messages exchanged between financial institutions involved in a syndicated loan (that is, a loan made to one borrower by a group of financial institutions).

Standard MT messages are available for the drawdown or renewal of a facility, setting of the interest or exchange rate of a facility and the payment of principal, interest and/or fees due on syndication.