Programme

The Programme consists of 2 series of 4, tightly connected half-day meetings.
The first series is titled: The ‘normal’ trajectory of a financing arrangement and the role of the Agent: from initiation to repayment
The second series is titled: Specific and current Agent issues

Series 1

Meeting 1
From financing request to documentation
Meeting 1 provides an overview of the syndicated loan market and the start of the financing transaction.
The customer's financing request reaches the account manager who in turn reaches out to the Syndications department. Syndications approaches several banks or other types of financiers and gives a shortened overview of the transaction by means of a term sheet. Parties that are interested commit themselves by way of a commitent letter. The Agent is asked to give an agency fee quote for its services in the transaction, which needs to be accepted by the customer for the agent to commence its activities. On the basis of the term sheet, a law firm draws up the documentation.

Meeting 2
Negotation phase
Meeting 2 highlights the negotiation phase. It deals with the positioning of the Agent towards the syndicate members, the borrower and also internally within its financing institution.

Meeting 3
Compatibility of operational and legal elements and the role of the Agent.
Meeting 3 deals with the compatibility of legal and operational elements in facility documentation.

Meeting 4
Day-to-day management of a transaction
Meeting 4 concludes series 1 of the programme. In this meeting we will highlight the day-to-day management.

Series 2

Meeting 5
How does the structure of a financing come about?

Meeting 6
Legal developments relevant to the agent

Meeting 7
Market update /economic developments
How do economic developments affect the documentation?

Meeting 8
The position of the agent

Assegnments

The participant in this Programme is expected to work on an assignment before a meeting takes place. The execution of the assignment can be fully focused on the participant’s own work situation. He or she therefore works on the assignment using input from his or her own working environment. By reviewing the assignment using the provided explanation and the lecturer's comments during the meeting, the participant should reach new insights that he or she can apply directly in his or her daily work.

Examination and UvA diploma

Access to the exam is given to those that have completed at least 7 out of 8 assignments, all of which have been positively assessed, and have not missed more than one meeting. The successful completion of the programme (the oral exam is judged with a sufficient score) yields the UvA diploma: Agent in Syndicated Loans.