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1. an association of business enterprises or individuals organized to undertake a joint project requiring considerable capital
2. any association formed to carry out an enterprise or enterprises of common interest to its members
3. a board of syndics or the office of syndic
4. (in Italy under the Fascists) a local organization of employers or employees



(1) One form of monopolistic, cartel-type agreement, aimed at establishing control over the market primarily of a single, mass-produced product and made for the purpose of eliminating competition between monopolies in the marketing and purchasing of raw materials and, thus, for the purpose of obtaining the greatest profit (seeCARTEL). Syndicate members sell their products and purchase their raw materials through a single sales office. The sales office receives all orders and distributes them in accordance with the quotas agreed upon by the monopolies, which deliver their commodities to the office at a price previously agreed on. Syndicate members maintain their independence as far as production and legal status are concerned; in contrast to a cartel, however, they lose their commercial independence.

Syndicates flourished in the early 20th century until World War II in Germany, France, and other countries, mostly in the extractive industries. Interwar Germany had several hundred syndicates, the largest being the Rhine-Westphalia Coal Syndicate and the German Potash Syndicate. Prerevolutionary Russia also had syndicates, such as Prodamet (metallurgy), Produ-gol’ (Donets Basin coal), and Med’ (copper), which controlled the marketing of as much as 90 percent of production in the corresponding branches of industry.

Syndicates, as a form of monopolistic agreement within a given branch of industry, have lost their former importance. Antitrust laws have limited horizontal concentration, that is, concentration within a given branch of industry, and high levels of monopolization prevail in most such branches; thus, other, more flexible forms of monopolistic agreement have come into use (seeCAPITALIST MONOPOLIES).

(2) In the USSR, during the period of the New Economic Policy, a type of economic organization that combined a group of industrial trusts for the wholesale marketing of production, the purchasing of raw materials, and the planning of trade operations. The first Soviet syndicate—the All-Union Textile Syndicate—was created in 1922; in the period 1922–28 a total of 23 syndicates were in operation. Syndicates were eliminated in 1929 and 1930.


Lenin, V. I. Imperializm, kak vysshaia stadiia kapitalizma. In Poln. sobr. soch., 5th ed., vol. 27.
Hilferding, R. Finansovyi kapital. Moscow, 1959. (Translated from German.)
Motylev, V. E. Finansovyi kapital i ego organizatsionnye formy. Moscow, 1959.
Khmel’nitskaia, E. L. Ocherki sovremennoi monopolii. Moscow, 1971.



organized crime unit throughout major cities of the United States. [Am. Hist.: NCE, 2018]
References in periodicals archive ?
The first financial impact derives from the collective transactional volume of the banking syndicate structure on bank service pricing.
Also, the banking syndicate includes Credit Agricole, Deutsche Bank, ING Bank, Natixis, Standard Bank, Sumitomo Mitsui Banking Corporation and Society Generale CIB.
MONTREAL -- CN announced today it has successfully refinanced, by way of amendment, its US$1-billion revolving credit facility for a five-year period with an international banking syndicate led by BMO Nesbitt Burns Inc.
As announced on December 16, 2004, the second US$5 million tranche of funding from Polaris banking syndicate, led by Standard Bank London, has been approved for the second 10 MW (Stage 2 - Binary Cycle Plant) of Phase 1.
TSX VENTURE:GEO) a developer of geothermal power projects, announced today that its banking syndicate, comprised of Standard Bank London Limited and the Banco Centroamericano de Integracion Economica (CABEI), has approved the second US$5 million tranche of a US$10 million senior credit facility to fund construction of Phase I of the Company's 66 mega watt (MW) San Jacinto-Tizate geothermal project in Nicaragua.
However, the lead lender under the bank credit agreement has agreed to provide a bank credit facility to the Company until January 31, 2005, either on its own or together with one or more of the other lenders in the banking syndicate.
Part of the acquisition was funded through a non-recourse US$500 million bridge debt facility provided by a banking syndicate led by Citigroup, ABN Amro and ScotiaCapital.
MISSISSAUGA, Ontario -- CFM Corporation ("CFM" or the "Company") (TSX:CFM) announced today the successful completion of negotiations with its banking syndicate and note holders with respect to certain amendments to its bank covenants.
TSX:AGI) announces that it has signed a letter agreement with a banking syndicate composed of Societe Generale, Standard Bank London Limited and Macquarie Bank Limited for up to US$45 million in term debt financing for the Mulatos Project in Sonora, Mexico.
The Company also announced that its Canadian banking syndicate line of credit has been extended accordingly.
The lowering of the rating by S&P does not trigger changes in the Company's outstanding debts, save for an increase in the interest rates charged by the banking syndicate under the Company's termed-out credit facilities.