THE ROLE OF INTERNATIONAL STRUCTURED FINANCING IN THE SYNDICATED LOAN OF UKRAINE

Abstract

The article analyzes the main trends and parameters of the development of international structured financing for syndicated lending in Ukraine. Identified as one of the forms of international structuring of financing is a syndicated loan, which due to a number of characteristics performs in the world economy the function of an instrument for attracting investment capital and reducing or distributing risks. At the same time syndication of the credit allows not only to involve financial resources, but also to raise the image of the bank in the international markets. Banks gain such advantages as diversification of the resource base, flexible loan structure, reduction of transaction costs and more. The modern tendencies of using the syndicate as a tool of international structured financing are studied. The interrelation of the main conditions of integration of the banking system in the international financial market is determined. The ratio of advantages, risks and obstacles for further development of syndicated lending is considered. The relationship between the processes of syndicated lending and the rate of economic growth in Ukraine is revealed. Identified banks of Ukraine that have actively participated in syndicated lending over the past twenty years, taking into account the determined by the majority of implemented over the years and calculated the total amount of borrowed funds. To carry out the syndicated borrowing of the analysis, a sample was made according to the number, volume and periodicity that influenced the development of the country's international economic relations. Effective prerequisites for the formation of a functioning syndicated lending market in Ukraine have been identified. In the process of research, a model of syndicated lending in the national economy was built and a formula was developed according to which the amount is calculated when borrowing a syndicate. It is emphasized that the market entry of international structured finance through syndicated loans is becoming an increasingly important source of external financing in developing countries and plays a key role in the development and improvement of the economy by international standards. Foreign experience is analyzed as international structured financing is a factor in strengthening internalization, increasing economic growth and turning financial markets into the most important stimulus for the development of the international economy.