Union Loan Legal Report System

A Powerful Tool to Assist Easy, Efficient, and Accurate Compilation of the Joint Loan Legal Report

Joint loan is a service that combines multiple banks' joint credit financing. It is an important channel for enterprises to obtain large amounts of financing and an important source of profit for banking and corporate finance. Due to the huge loan amount and complex financing structure of syndicated loan cases, real-time risk monitoring, regular settlement and clearing of claims is a complicated procedure. Therefore, the competent authority requires all participating banks that undertake syndicated loans to regularly submit designated reports for monitoring. For the status and risk of bank lending positions, AI370 (Joint Credit Case Data Sheet) and AI372 (Joint Credit Case Data Sheet with a local bank acting as the substantive lead bank) are the statements required by the competent authority. Many participating banks have high monthly finance costs related to HR reports as well.

The Pershing Legal Report system uses the method of linking bank loan data so it is consolidated monthly to produce EXCEL files in accordance with the format specified by the competent authority, which greatly reduces HR costs. Through this system, whether it is the establishment of new projects, balance reconciliation, classification calculations, etc., all procedures can be completed quickly and accurately. With the management of historical data, early declaration data can be consulted at any time, which is a benefit for any participating banks.