Medium-term funds through banks in foreign markets.
Loans of 1 year or longer whose denominated currency is not the lending bank's national currency. A eurocredit loan would be made by a U.S. bank to a borrower requiring a denominated currency which differs from the bank's local currency (USD)
A syndicate of banks may be organized when a single bank is unwilling or unable to lend the amount needed by a corporation
A lead bank is responsible for negotiating with the borrower