Manage Term Loans

In the Term Loans panel, you can manually add and change a term loan facility and one or more term loan contracts. A term loan facility is a package of different bank loans upon which a single borrower can draw, as per the terms and conditions stated in a lending agreement signed by and between one or more banks and the borrower. Many lenders often participate in term loans and share the risks and returns, and the interest and principal proportional to their participation. This process is called syndication. Term loans are also referred to as bank loans. When you add a term loan, you create a term loan facility and link it with one or more term loan contracts.
Term loan facilities trade flat on the open market. That is, no traded interest is included on the trade. The traded interest, which is normally paid by the buyer to the seller, is received by the seller from the issuer/administrative agent on the next coupon date for each underlying interest stream of the term loan facility.
This article assumes you are familiar with the entity elections that have been made for processing term loans.