A Blockchain in Concluding and Administering a Syndicated Loan Agreement

A traditional banking market has undergone significant changes caused by rapid development of digital  technologies, which has been largely facilitated by the coronavirus pandemic. At the same time, it seems that  a blockchain technology has gained great importance in the issuance of syndicated loans. This circumstance is  explained by the fact that a syndicated loan agreement, similar to the blockchain technology, traditionally brings together a large number of participants, including, in particular, borrowers, lenders, a loan manager, a mortgage  manager. The paper substantiates the advantage of using the blockchain technology in structuring relations  related to the provision of a syndicated loan to a borrower. Particular attention is paid to the legal status of a loan  manager using blockchain technology to carry out his functions of organizing and administering a syndicated loan  agreement. The paper explains the peculiarity of interaction between a credit manager and other parties to the  syndicated loan agreement when using blockchain technology. Legislative changes are proposed aimed at providing  syndicated lending participants with the opportunity to use blockchain to organize interaction between them.

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