The usual duration of short-term syndicated loans is three to five years; seven to ten for medium-term loans, while long-term financing is generally extended from 10 to 20 years. These players use two key legal concepts to overcome credit difficulties with significant ceilings: the agency and trusts. A single bank cannot be alone on loan or able to provide the full amount. The essence of syndication is that two or more banks agree to lend to a borrower on common terms, governed by a single agreement. This agreement not only governs the relationship between lenders and borrowers, but especially between lenders. Most loans are documented on the basis of LMA precedents; in England, this will not be done under the « written standard conditions » of lenders for the purposes of UCTA 1977.  Institutional investors in the credit market are primarily structured vehicles known as collateralized loan bonds (CLO) and investment funds for credit participation (known as Prime Funds because they were originally blasphemers as money market-like funds to investors approaching the key rate) also play an important role. Although US premium funds provide allocations to the European credit market, there is no European version of premium funds, as European regulators, such as the Financial Services Authority (FSA) in the UK, have not approved loans to retail investors. Syndicated loans, also known as Syndicated Bank Facilities, are debts issued by a group of lenders to a single borrower. In short, it is convenient to provide a loan from a group of lenders – known as a syndicate – for financing a single borrower.
The investment can be made for a fixed amount, a line of credit or a combination of the two. In a syndicated loan, lenders are generally large banks, although financial institutions such as investment funds and insurance companies sometimes also occupy these roles. Only one lender is appointed as head of pen, and he is responsible for organizing the union group. They also have other missions that go beyond financing a substantial portion of the loan, as the lead agency is also responsible for facilitating and allocating cash flow to other lenders. Syndicated loans can be made on the basis of the best effort, which means that if a sufficient number of investors cannot be found, the amount the borrower receives is less than initially estimated. These loans can also be divided into two tranches for banks that finance standard revolving lines of credit and for institutional investors who finance fixed-rate loans. Within the banking sector, the role of creating syndicated loans differs from agreement to agreement, but in general, a handful of important players are consistent. These were the main players mentioned above in the arrangement bank, the agent and the agents. The distinction in the loan contracts and the commitment of the three players mentioned are above all to avoid the creation of a partnership, to prevent lenders from unwittingly acting as guarantors of each other – or to prevent any solicitation.  The borrower sometimes obtains the power to impose the repayment interest transfer on the lenders (a measure withheld) when the lender does not accept a waiver or amendment. Lenders have traditionally been limited in their decision-making by overlapping clauses that require collective votes and decisions.
This has a deterrent effect for individual lenders to act in their own interest vis-à-vis the collective group. It has been proposed that historical cooperation in the London credit market has contributed to the insolvency of efficiency through the London approach. Unions can use a variety of currencies in their loans, depending on the needs of customers. The advantage of syndicated loans is that several currencies can be used in the group if the borrower requires it. The union contract can be presented in different forms and can involve many