The third chapter analyse about the legal relationship between the parties in directly syndicated loan and in loan participation, and studied the duties, rights and obligations of agent bank.

第三章对国际直接银团贷款和间接银团贷款中各方当事人间的法律关系进行分析，同时研究了代理行的职责、权利和义务。

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A loan participation is a back-to-back arrangement where the lender of record manufactures payments to the participation party equal to receipts on the loan in return for funding or an indemnity.

贷款的参与是一个背靠背的安排，贷款人支付给参与方等于收益的贷款的记录制成品，以换取资金或赔偿。

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Equity loan loan in the form of equity participation.

参股贷款以参股形式发放的贷款。

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Herzfeld Advisors purchased high-yield and loan participation closed-end funds at discounts of more than 30.0%, because the prices hit rock-bottom during intraday trading, said Gondor.

FORBES: Magazine Article

Still, at least in loan-participation funds, the market has become more active in recent years so valuations are fairly legitimate, said Gondor.

FORBES: Magazine Article

The January 27 Nihon Keizai Shimbun carries a report from its New York bureau on Japanese bank participation in the U.S. syndicated loan market.

FORBES: Financial Institution Shorts