In Regards to a Syndicated Bank Loan, Which of the Below

Multiple Choice

In regards to a syndicated bank loan, which of the below statements is TRUE?

A) A syndicated loan is not arranged by either a bank or a securities house.
B) Each bank in the syndicate provides the funds for which it has committed.
C) The banks outside the syndicate have the right to sell their parts of the loan subsequently to other banks.
D) Syndicated loans are distributed by two methods: assignment or participation with each method having its relative advantages and disadvantages, with the method of participation the more desirable of the two.