BancAmerica Securities Inc. completed a $4 billion syndicated loan for Compaq Computer Corp. last week, the third and largest syndication offered to date using the Internet.

BankAmerica used the IntraLoan system, a secure, private network that uses Internet technology developed by New York-based IntraLinks Inc. IntraLoan is designed to distribute offering information and other materials, such as credit agreements, via the Internet.

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