Both terms are interchangeable. Generally, a consortium is formed for the first to transact some business such as consortium of underwriters A syndicate on the other hand is for repeated business. Two or three banks may join hand and provided syndicated loans to the industry.
Essentially there is NO DIFFERENCE.
The main difference between loan syndication and consortium finance is that syndication is done based on common terms between the lender and borrower. Consortium finance has to be arranged by the borrower, such as when one bank cannot accommodate the entire loan amount.
Consortium, an association of two or more individuals. Another word for this is organization, company, coalition, alliance, group, mob, outfit, cartel, government, syndicate, corporation, gang. Consortium is a Latin word meaning 'partnership, society or association'.
Syndicate is a informal arrangment and will be disbanded once the objecive is attained. Joint Venture is legal long term arrangment with a common objective.
International Color Consortium's motto is 'Making color seamless between devices and documents'.
The word "consortium" refers to a collaboration between two or more groups or individuals in order to achieve a shared goal. The word comes from the Latin for "partnership".
there was a syndicate group at the park.
The Syndicate was created in 1907.
Cutter Consortium was created in 1986.
Atlas Consortium was created in 2005.
London Consortium was created in 1993.
ACAC consortium was created in 2002.