Contents

1. About this Manual

  • 1.1 Introduction 1-1
  • 1.2 Audience 1-1
  • 1.3 Documentation Accessibility 1-1
  • 1.4 Organization 1-1
  • 1.5 Related Documents 1-2
  • 1.6 Glossary of Icons 1-3

    • 2. Loan Syndication – An Overview

  • 2.1 Loan Syndication 2-1
  • 2.1.1 The Process of Disbursing a Syndicated Loan 2-1
  • 2.1.2 Tranches 2-1
  • 2.1.3 DrawDowns 2-2
  • 2.1.4 Swing Lines 2-5
  • 2.1.5 Defining Products 2-6
  • 2.1.6 Processing Tranche or Draw Down Contracts 2-6
  • 2.1.7 Processing Repayments 2-7
  • 2.1.8 Sharing of Fee or Charge Income 2-7

    • 3. Reference Information for Loan Syndication

  • 3.1 Introduction 3-1
  • 3.2 About Privacy By Design 3-2
  • 3.2.1 Maintaining PII data 3-2
  • 3.2.2 Data Masking 3-2
  • 3.2.3 Right to Be Forgotten 3-2
  • 3.2.4 Granular Access 3-2
  • 3.2.5 Transparent Database Encryption (TDE) 3-3
  • 3.2.6 Data Portability 3-3
  • 3.3 Maintaining Administrators 3-3
  • 3.4 Maintaining Party Types 3-4
  • 3.5 Maintaining User Groups 3-5
  • 3.6 Maintaining Reason Codes 3-6
  • 3.7 Maintaining Diary Events 3-7
  • 3.7.1 Capturing Event Details 3-8
  • 3.7.2 Maintaining Message Types for a Module 3-8
  • 3.8 Associating Message Types to Events 3-10
  • 3.9 Indicating Branch Parameters for Loan Syndication 3-11
  • 3.10 Maintaining Interest Limits 3-14
  • 3.11 Maintaining Status Rules for a Syndication Product 3-15
  • 3.11.1 Identifying the Advices for a Status Change 3-19
  • 3.11.2 Specifying Transfer GLs for Status Change 3-19
  • 3.11.3 Specifying Liquidation Order of Components for a Particular Status 3-20
  • 3.12 Maintaining Margin Component Details 3-20
  • 3.13 Maintaining Borrower Rating 3-22
  • 3.14 Maintaining the Daily Rate LIBOR 3-23
  • 3.15 Maintaining Reporting Requirements 3-25
  • 3.15.1 Maintaining UCC Details 3-25
  • 3.16 Maintaining Static Details 3-26
  • 3.17 Maintaining Named Agents 3-28
  • 3.17.1 Maintaining Advice Format for Named Agents 3-30
  • 3.17.2 Generating Messages for Named Agents 3-30
  • 3.17.3 Paying Agent Settlement Instructions 3-31

    • 4. Defining Products for Loan Syndication

  • 4.1 Introduction 4-1
  • 4.1.1 Product Type 4-1
  • 4.1.2 Contracts 4-1
  • 4.2 Products for Loan Syndication 4-2
  • 4.2.1 Products for Borrower Tranches and Drawdowns 4-2
  • 4.2.2 Borrower Facility Product 4-4
  • 4.3 Creating a Borrower Tranche/Drawdown Product 4-4
  • 4.3.1 Specifying Preferences for Tranche/ Drawdown Products 4-6
  • 4.3.2 Mapping the Disclosure Code to a Product 4-18
  • 4.3.3 Specifying Generic Attributes for a Tranche/Drawdown Product 4-19
  • 4.3.4 Defining Interest Components for Borrower Tranche/Drawdown Products 4-19
  • 4.3.5 Charge Components for Borrower Tranche/ Drawdown Products 4-23
  • 4.3.6 Specifying Fee Components for a Borrower Product 4-24
  • 4.3.7 Defining Discount Accrual Preference 4-31
  • 4.3.8 Associating Parties 4-32
  • 4.3.9 Associating Diary Events 4-33
  • 4.3.10 Maintaining UDFs 4-34
  • 4.4 Creating Borrower Facility Products 4-35
  • 4.4.1 Defining Generic Attributes of a Loan Syndication Product 4-36
  • 4.5 Creating Participant Products 4-36
  • 4.5.1 Defining Generic Attributes of a Participant Product 4-37
  • 4.5.2 Specifying the Product Type 4-38
  • 4.6 Setting Preferences for Participant Products 4-38
  • 4.6.1 Specifying Tax Details for a Participant Product 4-39
  • 4.7 Specifying Preferences for Syndication Products 4-41
  • 4.7.1 Mapping Products for Borrower and Participant Contracts 4-41
  • 4.7.2 Specifying Whether SGEN is Required 4-42
  • 4.7.3 Specifying the Rekey Options 4-42
  • 4.7.4 Specifying How Schedules Falling on Holidays must be Handled 4-42
  • 4.7.5 Specifying How Maturity Dates Falling on Holidays must be Handled 4-44
  • 4.7.6 Associating Appropriate Party Types for Borrower Facility Products 4-45
  • 4.7.7 Associating Diary Events for Borrower Facility Products 4-45
  • 4.8 Saving a Loan Syndication Product 4-46
  • 4.8.1 Amortize Product Schedule types for Drawdown Contracts 4-46

    • 5. Loan Syndication Contracts - Part 1

  • 5.1 Introduction 5-1
  • 5.2 A Borrower Facility Contract under Syndication Agreement 5-1
  • 5.3 Products for Loan Syndication Contracts 5-6
  • 5.4 Processing a Borrower Facility 5-7
  • 5.5 Capturing Facility Details 5-9
  • 5.5.1 Specifying Borrowers for the Facility 5-17
  • 5.5.2 Specifying Participants for the Facility 5-22
  • 5.5.3 Specifying Facility Fee Details 5-25
  • 5.5.4 Maintaining Facility Fee Schedules 5-32
  • 5.5.5 Viewing Tax Details for the Facility 5-34
  • 5.5.6 Specifying Settlement Instructions 5-35
  • 5.5.7 Viewing the MIS Details 5-37
  • 5.5.8 Specifying Parties for the Facility 5-38
  • 5.5.9 Saving the Facility 5-39
  • 5.5.10 Viewing Facility Diary Events 5-39
  • 5.5.11 Viewing Participant Summary Details 5-40
  • 5.5.12 Viewing Events for the Facility 5-42
  • 5.5.13 Authorizing Facility Contracts 5-44
  • 5.6 Viewing Facility Details 5-45
  • 5.7 Processing Loan Syndication Contracts 5-45
  • 5.7.1 Tranche-level Contracts 5-46
  • 5.7.2 Drawdown Contracts 5-47
  • 5.7.3 Initiation of Participant Contracts 5-47
  • 5.8 Processing a Borrower Tranche Contract 5-48
  • 5.8.1 Capturing Details in the ‘LS Tranche Contract Online’ Screen 5-48
  • 5.8.2 Capturing Tranche Details 5-50
  • 5.8.3 Capturing Details in the ‘Contract’ tab 5-51
  • 5.8.4 Capturing Details in the ‘Preference’ tab 5-58
  • 5.8.5 Maintaining Details in the ‘Schedule’ tab 5-67
  • 5.8.6 Specifying Currency Details for the Tranche 5-76
  • 5.8.7 Specifying Borrowers for the Tranche 5-77
  • 5.8.8 Maintaining Participant Details for the Tranche 5-81
  • 5.8.9 Linking the Commitment Contract to the Self Participant 5-84
  • 5.8.10 Maintaining Currency Restriction for Participants 5-85
  • 5.8.11 Identifying Participants as Issuers of LC 5-87
  • 5.8.12 Maintaining Drawdown Product Details for the Tranche 5-88
  • 5.8.13 Maintaining Margin Details 5-91
  • 5.8.14 PIK Margin Calculation 5-92
  • 5.8.15 Defining SKIM Details for Tranche Participants 5-93
  • 5.8.16 Modifying Charge Details for the Tranche 5-95
  • 5.8.17 Maintaining Margin Slab/Tier Structure 5-96
  • 5.8.18 Specifying Tranche Fee Details 5-99
  • 5.8.19 Defining Tranche Fee Schedules 5-103
  • 5.8.20 Viewing Tranche Tax Details 5-106
  • 5.8.21 Defining Overwrite Settlement Instructions for the Tranche 5-107
  • 5.8.22 Viewing Settlement Instructions for the Tranche 5-109
  • 5.8.23 Defining Repayment Schedules for the Tranche 5-110
  • 5.8.24 Specifying the Tranche MIS Details 5-115
  • 5.8.25 Specifying Parties for the Tranche 5-116
  • 5.8.26 Specifying UDF Values for the Tranche 5-117
  • 5.8.27 Modifying Tranche Advice Details 5-118
  • 5.8.28 Viewing Tranche Diary Events 5-120
  • 5.8.29 Viewing Netting Cash Flow Summary 5-120
  • 5.8.30 Viewing Messages for the Tranche 5-121
  • 5.8.31 Viewing tranche participant summary details 5-122
  • 5.8.32 Viewing Events for the Tranche 5-123
  • 5.8.33 Viewing Floor and Ceiling Details 5-123
  • 5.8.34 Capturing Assignments for the Tranche 5-125
  • 5.9 Viewing Borrower Tranche Summary 5-130
  • 5.10 Maintaining Tranche Collateral Details 5-131
  • 5.11 Maintaining Tranche Collateral Account Details 5-131
  • 5.12 Maintaining Tranche Collateral Entity Details 5-132
  • 5.13 Maintaining Collateral Percentage Details 5-133
  • 5.14 Maintaining Escrow Account Details 5-134
  • 5.15 Maintaining Agent CIF and Mnemonic Details 5-136
  • 5.16 ELCM Block Details 5-137
  • 5.17 Cancelling Tranche 5-138
  • 5.17.1 Processing a Cancellation 5-139
  • 5.17.2 Amortize schedule type products for Tranche Contracts 5-139
  • 5.18 Amending Tranche Margin Details 5-140
  • 5.18.1 Viewing Margin Maintenance Summary 5-142
  • 5.18.2 Spreading Margin Rate Revisions 5-142
  • 5.19 Maintaining Floor and Ceiling Details 5-143
  • 5.19.1 Validating Base Rate Floor and Ceiling at Drawdown Level 5-145
  • 5.19.2 Propagating Base Rate Floor and Ceiling for an Effective Date 5-146
  • 5.19.3 Validating Margin Rate Floor and Ceiling at Drawdown Level 5-147
  • 5.19.4 Propagating Margin Rate Floor and Ceiling for an Effective Date 5-147
  • 5.19.5 Propagating All-In Rate Floor/Ceiling for an Effective Date 5-150
  • 5.20 Viewing Floor and Ceiling Adjustment Summary 5-151
  • 5.21 Floor and Ceiling for Base Rate Only 5-152
  • 5.21.1 Propogating Floor and Ceiling 5-152
  • 5.21.2 Online Validations and Propagation of Floor and Ceiling 5-154
  • 5.21.3 Override during Online Transactions 5-155
  • 5.21.4 Validating Rollover and Reprice (Renewal) Instructions 5-155

    • 6. Loan Syndication Contracts - Part 2

  • 6.1 Processing a Drawdown 6-1
  • 6.1.1 A description of the ‘Drawdown Contract Online’ Screen 6-2
  • 6.2 Capturing Drawdown Details 6-3
  • 6.2.1 Capturing Details in the ‘Drawdowns’ and Preferences Tab 6-5
  • 6.2.2 Capturing Details in the ‘Contract’ Tab 6-13
  • 6.2.3 Capturing Details in the Schedule tab 6-22
  • 6.2.4 Capturing Details in the ‘Split Rollover’ Tab 6-30
  • 6.2.5 Specifying Drawdown Entity Details 6-30
  • 6.2.6 Specifying Drawdown Participants 6-31
  • 6.2.7 Viewing Participant Margin Details 6-35
  • 6.2.8 Fixing Exchange Rate for Drawdown Currency 6-37
  • 6.2.9 Specifying Drawdown Interest Details 6-38
  • 6.2.10 Capturing the Value date 6-43
  • 6.2.11 Specifying Drawdown SKIM Details 6-46
  • 6.2.12 Viewing Drawdown Charge Details 6-47
  • 6.2.13 Defining Drawdown Fee Schedules 6-47
  • 6.2.14 Viewing Drawdown Tax Details 6-48
  • 6.2.15 Defining Overwrite Settlement Instructions for the Drawdown 6-49
  • 6.2.16 Viewing Settlement Instructions for the Drawdown 6-51
  • 6.2.17 Viewing MIS Details for the Drawdown 6-52
  • 6.2.18 Specifying Parties for the Drawdown 6-52
  • 6.2.19 Specifying UDF Values for the Drawdown 6-53
  • 6.2.20 Viewing Drawdown Advices 6-54
  • 6.2.21 Viewing EI for the Drawdown 6-55
  • 6.2.22 Maintaining Escrow Account Details 6-55
  • 6.2.23 Specifying the Special Penalty Components 6-58
  • 6.2.24 Specifying Media for Message Generation 6-59
  • 6.2.25 Amortize schedule type DD Contracts 6-60
  • 6.2.26 Viewing Drawdown Summary 6-60
  • 6.2.27 Fixing Exchange Rate After Drawdown Booking 6-61
  • 6.2.28 Fixing Interest Rate after Drawdown Booking 6-64
  • 6.3 Amending Drawdown SKIM Details 6-64
  • 6.3.1 Processing Contracts For Secondary Loan Trading 6-67
  • 6.4 Processing Future Value Dated Payments 6-67
  • 6.5 Processing Revaluation of Drawdowns 6-68
  • 6.6 Allowing Back Valued Activities on a Drawdown Beyond the Trade Date 6-69
  • 6.7 Amending Global Amount for a Contract 6-69
  • 6.7.1 Global Amount for Tranche 6-71
  • 6.7.2 Global Amount for Drawdown 6-71
  • 6.8 Processing Participant Contracts 6-71
  • 6.8.1 Processing in the ‘Online’ Mode 6-72
  • 6.8.2 Processing in the ‘Job’ Mode 6-72
  • 6.9 Viewing Participant Contracts 6-73
  • 6.9.1 A description of the ‘Loans Syndication – Participant Contract Online’ 6-73
  • 6.10 Modifying Participant Details 6-75
  • 6.10.1 Viewing Participant Entity Details 6-76
  • 6.10.2 Viewing Settlement Instructions for the Participant 6-77
  • 6.10.3 Viewing Participant MIS Details 6-78
  • 6.10.4 Viewing UDF Values for the Participant Contract 6-79
  • 6.10.5 Viewing Participant Tax Details 6-79
  • 6.10.6 Viewing participant payment schedules 6-80
  • 6.10.7 Viewing Rates History 6-81
  • 6.10.8 Viewing the Syndication Details 6-83
  • 6.10.9 Viewing Events for the Participant Contract 6-83
  • 6.11 Participant Position Summary 6-84
  • 6.12 Transferring Participant Assets 6-85
  • 6.13 Processing Sighting Fund Rollover/Reprice 6-89
  • 6.13.1 Participant Transfer for Sighting Funds 6-89
  • 6.13.2 Transferring assets between existing participants 6-90
  • 6.13.3 Viewing Participant Margin Details 6-100
  • 6.13.4 Generating Third Party Faxes 6-101
  • 6.14 Remitting Withheld Tax 6-102
  • 6.15 Refunding Withheld Tax 6-104
  • 6.16 Processing Back Valued Interest and Fee for Payables and Receivables 6-107
  • 6.16.1 Viewing the Receivables/Payables for a Contract 6-109
  • 6.16.2 Processing Settlement of Receivables/Payables for a Contract 6-110
  • 6.17 Viewing Borrower/Participant Contract Processing Status 6-112
  • 6.17.1 Reinitiating the Job Process 6-114
  • 6.18 Maintaining Special Penalty Component Waiver Details 6-114
  • 6.18.1 Reversing the Waiver of Late Payment Charges 6-115
  • 6.19 Viewing the Waiver Details of Special Penalty Components 6-116
  • 6.20 Netting Cash Flows for a Tranche 6-116
  • 6.20.1 Viewing the Contracts for Netting 6-117
  • 6.20.2 Netting the Components 6-117
  • 6.21 Free Format Messages for Loan Syndication Contracts 6-119
  • 6.21.1 Generating Free Format Messages for Multiple Participants 6-119
  • 6.21.2 Generating Free Format Messages for Multiple Borrowers 6-126
  • 6.21.3 Specifying Payment Breakup for Participants 6-128
  • 6.22 Processing the Release of Payment Messages 6-131
  • 6.22.1 Processing Disbursement 6-137
  • 6.22.2 Processing Repayment (LIQD, MRLQ, SPTI, ROLL, FLIQ) 6-139
  • 6.23 Settlement Instruction Maintenance Information 6-141
  • 6.23.1 Capturing Broker details 6-143
  • 6.24 Viewing Syndication Contracts 6-144
  • 6.24.1 Viewing the Automatic Rate Set Browser 6-144
  • 6.24.2 Automatic Rate Set Process 6-146

    • 7. Processing Repayments

  • 7.1 Repayments 7-1
  • 7.1.1 Reversing a Payment 7-1
  • 7.2 Defining Schedules for a Product 7-2
  • 7.3 Defining Drawdown for a Contract 7-3
  • 7.4 Defining Schedules for a Contract 7-3
  • 7.4.1 Specifying Holiday Treatment for Schedules 7-4
  • 7.4.2 Specifying Holiday Treatment for Maturity Dates/Value Dates 7-6
  • 7.5 Processing Repayments Manually 7-6
  • 7.5.1 Specifying Payment Breakup for Participants 7-9
  • 7.5.2 Specifying Future Value Date for Payments 7-10
  • 7.5.3 Capturing Overwrite Settlement Instructions 7-11
  • 7.5.4 Processing Non-Prorata Payments 7-12
  • 7.5.5 Marking Contracts as Liquidated 7-14
  • 7.6 Processing Prepayments 7-16
  • 7.6.1 Prepayment Processing for Value-Dated Amendments 7-18

    • 8. Processing Charges and Fees

  • 8.1 Introduction 8-1
  • 8.1.1 Defining a Fee Rule 8-1
  • 8.1.2 Maintaining Fee Rule Details 8-2
  • 8.1.3 Maintaining a Fee Class 8-6
  • 8.1.4 Associating a Fee Class or Fee Rule with a Product 8-11
  • 8.1.5 Associating Fee Components with a Contract 8-11
  • 8.1.6 Entering Schedules for Fee Components 8-11
  • 8.1.7 Amending fee Component Details 8-13
  • 8.1.8 Liquidating Fee Components 8-20
  • 8.1.9 Viewing Overwrite Settlement Instruction Details 8-23
  • 8.1.10 Refunding Tax for Interest and Fees 8-26
  • 8.1.11 Processing Servicer Fees 8-27

    • 9. Rolling over a Drawdown

  • 9.1 Introduction 9-1
  • 9.2 Defining Product Rollover Preferences 9-1
  • 9.2.1 Impact of Liquidation Mode on Rollover 9-3
  • 9.3 Specifying Contract Rollover Details 9-4
  • 9.3.1 Specifying Details for ‘Split’ Rollover 9-8
  • 9.3.2 Specifying Details for ‘Consolidation’ Rollover 9-16
  • 9.3.3 Capturing Back-Dated Renewals 9-22
  • 9.3.4 Generating Child Contracts for Future Dated Rollovers 9-23
  • 9.3.5 Rolling Over with Interest Capitalization 9-23
  • 9.3.6 Capturing Rollover and Re-Price Instructions for Future Dated Payments 9-24
  • 9.3.7 Validations for a Rollover/Reprice Instruction 9-25
  • 9.4 Rollover Netting Payment Messaging Process 9-25
  • 9.5 Reversing Rollover Instructions 9-25
  • 9.6 Defining Advices for Rolled Over Drawdowns 9-26
  • 9.7 Processing Non-Prorata Rollovers 9-26

    • 10. Processing a Value Dated Amendment

  • 10.1 Introduction 10-1
  • 10.2 Making Value Dated Amendments for a Tranche 10-1
  • 10.2.1 Modifying Tranche Principal 10-3
  • 10.2.2 Modifying Maturity Date 10-3
  • 10.2.3 Saving Amendment 10-5
  • 10.2.4 Viewing Schedule Details 10-5
  • 10.2.5 Viewing Advices 10-7
  • 10.2.6 Viewing Overwrite Settlement Instruction Details 10-8
  • 10.2.7 Viewing Settlement Details 10-8
  • 10.2.8 Viewing MIS Details 10-9
  • 10.2.9 Viewing Charge Details 10-10
  • 10.2.10 Specifying Media for Message Generation 10-10
  • 10.3 Viewing Value Dated Amendment Summary 10-11
  • 10.4 Downsizing Tranche for an Investor’s Default 10-11
  • 10.4.1 Validating Fronting Details 10-12
  • 10.5 Upsizing Tranche Amount on a Non-prorata Basis 10-12
  • 10.5.1 Selecting Participants for Tranche Upsize 10-12
  • 10.6 Making Value Date Amendments for a Drawdown 10-13
  • 10.6.1 Increasing Drawdown Principal 10-14
  • 10.6.2 Modifying Interest Rate 10-15
  • 10.6.3 Modifying Maturity Date 10-17
  • 10.6.4 Viewing Schedule Details 10-17

    • 11. Straight Through Processing (STP)

  • 11.1 Introduction 11-1
  • 11.2 Maintaining Desk Codes 11-1
  • 11.3 Identifying Self Participant 11-2
  • 11.4 Mapping LB and OL Products and Components 11-4
  • 11.4.1 Mapping Product Components 11-7
  • 11.5 Mapping LB OL Contract Details 11-7
  • 11.6 Identifying Loan Products for Agency Contract Creation 11-9
  • 11.7 Processing Loan Contracts in OL Module 11-9
  • 11.7.1 Validating Records Prior to Processing in OL Module 11-11
  • 11.7.2 Viewing and Reprocessing Failed Records 11-12
  • 11.7.3 Processing Settlements 11-13
  • 11.7.4 Impact of STP on CUSIP/ISIN 11-14
  • 11.8 Reprocessing STP Status Details in OL Module 11-14
  • 11.9 Handing off Agency Contract Amendment Details 11-16
  • 11.10 Handing off Agency Fee Amendment Detail 11-16
  • 11.11 Processing HFI-HFS Transfer in STP Interface Browser 11-16
  • 11.12 Processing the LB PRAM (Assignment) as Part of STP 11-17
  • 11.13 Processing Agency Reprice Detail 11-18

    • 12. Re-pricing

  • 12.1 Introduction 12-1
  • 12.2 Capturing Split Re-Price Instructions 12-1
  • 12.2.1 Specifying Child Contract Details 12-3
  • 12.3 Processing Split Re-Pricing 12-8
  • 12.3.1 Generating Child Contracts for Future Dated Re-Pricing 12-8
  • 12.3.2 Fixing Exchange Rate for Child Contracts 12-9
  • 12.3.3 Fixing Interest Rate for Child Contracts 12-10
  • 12.3.4 Authorizing Override for Split Re-Pricing 12-11
  • 12.3.5 Viewing Event Details 12-11
  • 12.3.6 Specifying Media for Message Generation 12-12
  • 12.4 Capturing Consolidation Re-Price Instructions 12-12
  • 12.4.1 Specifying Child Contract Details for Consolidation 12-14
  • 12.5 Processing Consolidated Re-Pricing 12-15
  • 12.5.1 Authorizing Override for Consolidated Re-Pricing 12-15
  • 12.6 Reversing Re-Price Instructions 12-15

    • 13. Maintaining Collateral Details

  • 13.1 Maintaining Collateral Details 13-1
  • 13.2 Maintaining Collateral Entity Details 13-2
  • 13.3 Maintaining Tranche Collateral Details 13-3
  • 13.4 Viewing Tranche Collateral Details 13-4
  • 13.5 Maintaining Tranche Collateral Account Details 13-5
  • 13.6 Viewing Tranche Collateral Account Details 13-7
  • 13.7 Maintaining Tranche Collateral Entity Details 13-7
  • 13.8 Viewing Tranche Collateral Entity Details 13-8
  • 13.9 Maintaining Collateral Percentage Details 13-8
  • 13.10 Viewing Collateral Participants Details 13-10
  • 13.11 Capturing Collateral Override Details 13-10

    • 14. Appendix A – Events, Advices and Accounting Entries

  • 14.1 Events, Advices and Accounting Entries 14-1
  • 14.1.1 List of Events 14-1
  • 14.1.2 Amount Tags 14-3
  • 14.1.3 Accounting Roles 14-4
  • 14.2 Event-wise Accounting Entries and Advices 14-5
  • 14.2.1 Borrower Facility Product 14-5
  • 14.2.2 Borrower Tranche Product 14-8
  • 14.2.3 Borrower Drawdown Product 14-14
  • 14.2.4 Participant Facility Product 14-22
  • 14.2.5 Participant Tranche Product 14-25
  • 14.2.6 Participant Drawdown Product 14-28
  • 14.3 Accounting Entries for BPMT / PPMT 14-38
  • 14.4 Accounting Entries for Late Payment Charges 14-53
  • 14.4.1 LIQD: Liquidation 14-53
  • 14.4.2 SPWV: Special Penalty Waiver 14-54
  • 14.4.3 PRLQ: Partial Liquidation 14-54
  • 14.4.4 RSPW: Reversal of Special Penalty Waiver 14-54
  • 14.5 Accounting Entries for FATCA 14-55
  • 14.6 Error Codes 14-55
  • 14.6.1 Collateralized Participant Details 14-55
  • 14.6.2 Floor and Ceiling Details 14-55
  • 14.6.3 Markit Trade Settlement 14-56
  • 14.6.4 Back Valued Transactions 14-57
  • 14.6.5 Free Format Messages 14-58
  • 14.6.6 Late Payment Charges 14-59
  • 14.6.7 Named Agents 14-59
  • 14.6.8 UCC Processing 14-60
  • 14.6.9 Marking Contracts as Liquidated 14-60
  • 14.6.10 Deal Definition Notice 14-61
  • 14.6.11 Media Details 14-61
  • 14.6.12 Sanction Screening 14-61
  • 14.6.13 HFS Transfer 14-62
  • 14.6.14 CUSIP Swing 14-63
  • 14.6.15 Participant Margin Maintenance 14-63
  • 14.6.16 FATCA 14-64

    • 15. S.W.I.F.T. Messages for Loan Syndication

  • 15.1 Introduction 15-1
  • 15.2 S.W.I.F.T. Messages 15-2
  • 15.2.1 S.W.I.F.T Tags and Oracle FLEXCUBE Fields Linkage - MT 643 15-2
  • 15.2.2 S.W.I.F.T Tags and Oracle FLEXCUBE Fields Linkage - MT 644 15-4
  • 15.2.3 S.W.I.F.T Tags and Oracle FLEXCUBE Fields Linkage - MT 645 15-6
  • 15.2.4 S.W.I.F.T Tags and Oracle FLEXCUBE Fields Linkage - MT 646 15-8
  • 15.2.5 S.W.I.F.T Tags and Oracle FLEXCUBE Fields Linkage - MT 649 15-10

    • 16. FpML Messaging

  • 16.1 Introduction 16-1
  • 16.2 Maintenances Required for FpML 16-1
  • 16.3 Handling Initial Validations for FpML Messages 16-2
  • 16.4 Notices from Agent to Investors 16-3
  • 16.4.1 Pricing Change Message 16-4
  • 16.5 Generating Notices Manually 16-5
  • 16.5.1 Take on Deal Definition 16-5
  • 16.5.2 Take on Facility Definition 16-5
  • 16.5.3 Position Update of Position Statement Type 16-5
  • 16.5.4 Drawdown Notice 16-6
  • 16.5.5 Cancel Notice 16-6
  • 16.6 System generated Messages 16-6
  • 16.6.1 Commitment Adjustment Notice 16-6
  • 16.6.2 Deal Definition Notice 16-6
  • 16.6.3 Amend Contract Notice 16-8
  • 16.6.4 Rate Set Notice 16-9
  • 16.6.5 Repayment Notice 16-9
  • 16.6.6 Interest Payment Notice 16-10
  • 16.6.7 LC Issuance Notice 16-10
  • 16.6.8 LC Termination Notice 16-10
  • 16.6.9 Ongoing Fee Notice 16-11
  • 16.6.10 One Off Fee Notice 16-12
  • 16.6.11 Rollover Notice 16-12
  • 16.6.12 Reprice Message 16-13
  • 16.6.13 Drawdown Notice 16-13
  • 16.6.14 Position Update of PositionStatement type 16-13
  • 16.6.15 Prime Increase Message 16-14
  • 16.6.16 Outgoing FPML Changes for Negative Rate 16-14
  • 16.7 Messages from Markit for Prime Increase 16-15
  • 16.8 Messages from Markit for Trade Settlement 16-18
  • 16.8.1 Syndicated Loan Trade Notice 16-19
  • 16.8.2 Trade Update Notice 16-19
  • 16.8.3 Processing of Trade Update Notice Message in LB Module 16-20
  • 16.8.4 Processing of Trade Update Notice Message in SLT Module 16-20
  • 16.8.5 Submit Agency Update Notice 16-21
  • 16.8.6 Position Update Notice 16-23
  • 16.9 Impact of Markit Trades on Tranches and Drawdowns in LB 16-24
  • 16.10 Handling Status for Processing Markit Agency Trade Settlement 16-25
  • 16.10.1 Message Status 16-25
  • 16.10.2 Markit Trade Status 16-26
  • 16.10.3 Confirmation Status 16-26
  • 16.10.4 Process Status 16-26
  • 16.10.5 Position Update Message Status 16-26
  • 16.10.6 Participant Transfer Process Status 16-26
  • 16.11 Messages from Markit for Trade Settlement in SLT 16-27
  • 16.11.1 Trade Match Notice 16-28
  • 16.11.2 Syndicated Loan Trade Allocation Message 16-31
  • 16.11.3 Trade Update Notification 16-33
  • 16.11.4 Settlement Details Notice 16-33
  • 16.11.5 Trade Closed Notice 16-35
  • 16.12 Processing Manual Trade Settlement 16-36
  • 16.13 Handling Status for Processing Markit SLT Trade Settlement 16-37
  • 16.13.1 Message Status 16-38
  • 16.13.2 Markit Trade Status 16-38
  • 16.13.3 Oracle FLEXCUBE Trade Status 16-38
  • 16.13.4 Match Status 16-38
  • 16.13.5 Oracle FLEXCUBE Settlement Status 16-38
  • 16.14 Viewing the Markit Agency Interface Browser 16-38
  • 16.14.1 Viewing Error Messages 16-40
  • 16.15 Transferring Updated Information to Markit 16-40
  • 16.15.1 For a Tranche 16-40
  • 16.15.2 For a Drawdown 16-41
  • 16.15.3 For MEI CODE 16-41
  • 16.16 Viewing FpML Messages 16-42
  • 16.17 Viewing the Markit Agency Interface Browser 16-42
  • 16.17.1 Querying Messages 16-43
  • 16.17.2 Viewing Error Messages 16-44
  • 16.17.3 Processing Incoming Messages 16-45
  • 16.17.4 Re-linking the message 16-46
  • 16.17.5 Clipping the message 16-47
  • 16.17.6 Drawdown Notice 16-47
  • 16.17.7 Rate Set Notice 16-50
  • 16.17.8 Interest Payment Notice (Scheduled / Unscheduled) 16-52
  • 16.17.9 Principal Repayment Notice (Scheduled / Unscheduled) 16-54
  • 16.17.10 Fee Payment Notice 16-57
  • 16.17.11 Letter of Credit Issuance Notice 16-58
  • 16.17.12 Pricing Change Notice 16-60
  • 16.17.13 Rollover Processing 16-61
  • 16.17.14 Incoming FPML Changes for Negative Rate 16-63

    • 17. Customer Correspondence

  • 17.1 Introduction 17-1
  • 17.2 Drawdown Notices 17-2
  • 17.2.1 New Drawdown Notice to the Borrower 17-2
  • 17.2.2 Renewal Drawdown Notice to the Borrower 17-3
  • 17.2.3 Consolidated Renewal Drawdown Notice to the borrower 17-3
  • 17.2.4 Split Renewal Drawdown Notice to the borrower 17-3
  • 17.2.5 New Drawdown Notice to the Participant Bank 17-4
  • 17.2.6 Renewal Drawdown Notice to the Participant Bank 17-4
  • 17.2.7 Consolidated Renewal Drawdown Notice to Participant 17-5
  • 17.2.8 Split Renewal Drawdown Notice to Participant – Consolidated for All Splits 17-5
  • 17.2.9 Split Renewal Drawdown Notice to Participant – Only Individual Split Details 17-6
  • 17.3 Exchange Rate Fixing Advices 17-6
  • 17.3.1 Exchange Rate Fixing Advice to Borrower for New Drawdown 17-6
  • 17.3.2 Exchange Rate Fixing Advice to Borrower for Renewed Drawdown 17-7
  • 17.3.3 Consolidated Exchange Rate Fixing Advice to the Borrower 17-7
  • 17.3.4 Split Renewal Exchange Rate Fixing Advice to the Borrower 17-7
  • 17.3.5 Exchange Rate Fixing Advice to Participant for New Drawdown 17-8
  • 17.3.6 Exchange Rate Fixing Advice to Participant for Renewed Drawdown 17-8
  • 17.3.7 Consolidated Exchange Rate Fixing Advice to the Participant Bank 17-9
  • 17.3.8 Split Renewal Exchange Rate Fixing Advice to the Participant Bank 17-9
  • 17.4 Interest Rate Fixing Advices 17-10
  • 17.4.1 Interest Rate Fixing Advice to Borrower for New Drawdown 17-10
  • 17.4.2 Interest Rate Fixing Advice to Borrower for Renewed Drawdown 17-10
  • 17.4.3 Consolidated Interest Rate Fixing Advice to the Borrower 17-11
  • 17.4.4 Split Renewal Interest Rate Fixing Advice to the Borrower 17-11
  • 17.4.5 Interest Rate Fixing Advice to Participant for New Drawdown 17-12
  • 17.4.6 Interest Rate Fixing Advice to Participant for Renewed Drawdown 17-12
  • 17.4.7 Consolidated Interest Rate Fixing Advice to the Participant Bank 17-13
  • 17.4.8 Split Renewal Interest Rate Fixing Advice to the Participant Bank 17-13
  • 17.5 A note on Interest Rate Revision Advices 17-14
  • 17.6 Assignment Advice 17-14
  • 17.7 Interest Rate Fixing Notice 17-15
  • 17.7.1 Interest Rate Fixing Notice to Participant 17-15
  • 17.7.2 Interest Rate Fixing Notice to Borrower for New Drawdown 17-15
  • 17.7.3 Interest Rate Fixing Notice to Borrower for Renewal Drawdown 17-15
  • 17.7.4 Consolidated Interest Rate Fixing Notice to Borrower for Renewal Drawdown 17-15
  • 17.7.5 Interest Rate Fixing Notice to Borrower for Split Renewal 17-16
  • 17.7.6 Interest Rate Fixing Notice to the Participant Bank 17-16
  • 17.7.7 Interest Rate Fixing Notice to the Participant for Renewal Drawdown 17-17
  • 17.7.8 Interest Rate Fixing Notice to the Participant for Consolidated Renewal Drawdown 17-17
  • 17.7.9 Interest Rate Fixing Notice to the Participant 17-17
  • 17.7.10 Interest Rate Fixing Notice to the Participant 17-18
  • 17.8 Drawdown Notice to Participant on Account of Exchange Rate Fluctuation 17-18
  • 17.8.1 Amendment to Earlier F/X Notice Sent to Participant 17-19
  • 17.9 Amendment Fees for the Borrower 17-19
  • 17.10 Amendment Fees for the Investor 17-19
  • 17.11 Borrower Fax and Payment Message for SLC Fees 17-20
  • 17.11.1 Borrower Fax Messages 17-20

    • 18. Function ID Glossary