What does the cryptic crossword clue "Member of syndicate wearing the Spanish coat (6)" mean?

The definition is "coat". The wordplay uses a container (one word inside another). NAME (synonym="member of syndicate, as in Lloyd’s Name") in EL (synonym="the Spanish") = ENAMEL; definition: "coat" The answer is ENAMEL.

Member of syndicate wearing the Spanish coat (6)

Guardian Cryptic #29600 | 6 Down | 2025-01-24 flower

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