Loan Agency Services

AgenSynd provides a comprehensive service, performing all the duties of the Agent – loan administration (Back Office), covenant monitoring, payments and acts as Security Trustee

AgenSynd provides a full service, performing all the duties of the agency, including loan administration, monitoring and covenants compliance, and payments and security agency.

 

Loan Administration:

 

  • Set interest periods and reference interest rates applicable to each period.
  • Administer and retain “golden source” book keeping records of commitments and calculations.
  • Manage and coordinate all KYC and AML requirements.
  • Secondary trading transfers record.
  • Perform cash management duties.

 

Covenants Monitoring:

 

  • Co-ordinate, manage and register the communications and issues raised among the borrower, lenders and advisers of the Financing
  • Monitor and control compliance by the borrower obligations under the finance documents.
  • Manage and co-ordinate amendments or waiver processes until resolution.
  • Manage and coordinate the KYC and AML requirements of each lender.
  • Dial in and management of AgenSynd Tools: documentation, historical ratios, list of covenants, security package description, lenders’ participation, project accounts and relevant milestones.

 

Security Agency:

 

  • Full monitoring the security package on our dedicated platform (AgenSynd Tools).
  • Renew or release existing securities.
  • Enforce, following instructions from the the majority of the lenders, existing securities in an event of default.
  • Calculation and control of ratios linked with monetary guarantees (Loan to Value).
  • In cross border transactions, act as central contact for all jurisdictions, managing all communications between parties.
  • Manage of foreign law security processes in conjunction with legal counsels.

 

AgenSynd offers outsourcing (sub-agent) services to existing Agents, with a dual approach: i) outsourcing of existing Agency transactions where the bank acts as Facility Agent or ii) framework agreement to outsource the Agency functions of new transactions.

This service is primarily designed to support an Agent in administering its non-core portfolio, or to support a financial institution grow its loan franchise and wishing to offer Agent services without internal recruitment.

 

Key Benefits:

 

  • Cover all the Agency functions, including loan administration and monitoring and enforcement of the covenants.
  • Preserves the commercial relationship and negotiating position of the bank with its clients.
  • Guarantee of an adequate risk supervision of credit transactions.
  • Allow the bank to focus on its core activities (origination, lending and portfolio management…).
  • Retain Agency fee income.
  • Improve quality of service, towards both the borrower and the lenders.

 

AgenSynd is a proactive and value adding Security Trustee provider acting in more than 30 jurisdictions across Europe, Africa and Latin America.

As Security Trustee, AgenSynd works with lenders and local legal counsel to ensure all pledged security will be administered and perfected in accordance with the laws of the respective jurisdiction.

The Security Trustee services can be provided parallel with the Facility Agent role, or on a stand-alone basis.

 

As Security Trustee we:

 

  • Fully monitor the security package on our dedicated platform (AgenSynd Tools).
  • Take, renew or release all types of securities.

  • Enforce, following instructions from the lenders, existing security in an event of default.

  • In cross border transactions, act as central contact for all jurisdictions, managing all communications between parties.

  • Manage foreign law security processes in conjunction with local legal counsels.

Our Loan Administration department is managed by experienced ex-banking proffesionals and is supported by specialized loan administration systems.

One of the most demanded services by our customers is loan administration and cash management. This service can be provided under the scope of the Facility Agent role or on a stand-alone basis.

 

As Loan Administrator we:

 

  • Calculate settlements interest, fees and principal repayments.
  • Perform cash management.

  • Set interest periods and reference interest rates applicable to each period.

  • Administer and retain “golden source” book keeping records of commitments and calculations.

  • Manage communications to be delivered to the borrower and the lenders under the terms of the finance documents.

We are experts in Agency replacement situations where its critical to understand and manage commercial, legal and operational obligations of the existing and Successor Agent. 

 

As Succesor Agent we:

 

  • Provide dedicated and professional support to the existing Agent throughout the process.
  • Plan and manage the transition process in tandem with the existing Agent to ensure any associated risks are fully mitigated.
  • Involve teams of the existing Agent from the outset.
  • Liaise with transaction legal counsel.
  • Manage transition around payment dates and other critical dates.

AgenSynd provide a dedicated and complete service, performing all the duties of the Loan Agent and Trustee on behalf of the represented lenders.