Contents

1. About this Manual

  • 1.1 Introduction
  • 1.2 Audience
  • 1.3 Documentation Accessibility
  • 1.4 Organization
  • 1.5 Related documents
  • 1.6 Glossary of Icons

    • 2. Secondary Loan Trading - An Overview

  • 2.1 Introduction
  • 2.2 Features

    • 3. Maintaining Details Specific to SLT

  • 3.1 Introduction
  • 3.2 Maintaining SLT Branch Parameters
  • 3.3 Maintaining Settlement Instructions
  • 3.4 Maintaining Desk Details
  • 3.5 Maintaining SLT Position Product
  • 3.6 Maintaining Portfolio Details
  • 3.6.1 Creating Portfolio IDs
  • 3.6.2 Creating Position Identifiers
  • 3.6.3 Creating LB - OL Product and Component Mapping
  • 3.6.4 Portfolio Resolution
  • 3.6.5 Specifying Revaluation Details
  • 3.6.6 Specifying Reserve Calculation Details
  • 3.6.7 Specifying Identifier Format Details
  • 3.7 Maintaining Position Identifier Details
  • 3.8 Mapping MCC
  • 3.9 Capturing LIBOR Rate Details
  • 3.10 Maintaining Market Price Details
  • 3.11 Maintaining CUSIP Rating
  • 3.12 Maintaining Credit Rate Mapping
  • 3.13 Maintaining Bid/Ask Factor
  • 3.14 Maintaining Age Factor Details

    • 4. Defining Attributes of an SLT Product

  • 4.1 Introduction
  • 4.1.1 Specifying Product Preferences
  • 4.1.2 Specifying Fee Details
  • 4.2 Control Accounts for SLT Trades
  • 4.2.1 Processing Products with Control Accounts
  • 4.2.2 Processing SLT Batch for Trade Date Accounting
  • 4.2.3 Control Account for Origination Contracts

    • 5. Processing an SLT Contract

  • 5.1 Introduction
  • 5.1.1 Specifying Trade Details
  • 5.1.2 Specifying Markit Details
  • 5.1.3 Specifying Contract Details
  • 5.1.4 Specifying Booking Details
  • 5.1.5 Specifying Other Details
  • 5.1.6 Specifying Holiday Preferences
  • 5.2 Viewing Exceptions Summary
  • 5.2.1 Viewing Commitment Reduction Log
  • 5.3 Viewing Draft Trade Summary
  • 5.4 Processing Internal Trades for HFI to HFS Transfer
  • 5.4.1 Impact on CoC Balance
  • 5.4.2 Reversing Internal Trades
  • 5.5 Viewing Processed Trades
  • 5.5.1 Specifying Fee Details
  • 5.5.2 Specifying SSI Mnemonics
  • 5.5.3 Viewing Funding Memo Details
  • 5.5.4 Viewing the Amortized Fee Log Details
  • 5.5.5 Reversing Trade Contract
  • 5.6 Querying Trade Contract
  • 5.7 Capturing Agency Details
  • 5.7.1 Capturing the Pricing Details
  • 5.7.2 Capturing Interest Details
  • 5.7.3 Auto Booking of Drawdown Details
  • 5.7.4 Capturing Additional Drawdown Details
  • 5.8 Capturing Origination Trade Details
  • 5.8.1 Processing CLP Sell Line Trades
  • 5.8.2 Processing Cost of Credit Valuation for Commitments
  • 5.8.3 Validating Unamortized Fee
  • 5.8.4 Processing CLP Buy Line Trades
  • 5.9 Trading with PIK Facility
  • 5.10 Querying Position Balances
  • 5.10.1 Resolving Multiple Portfolio Mapping to a Single Expense Code
  • 5.10.2 Updating Positions for Commitment Reductions/ Increases
  • 5.11 Calculating Realized Profit and Loss
  • 5.11.1 Calculating Realized PnL for Commitment Reductions
  • 5.12 Re-valuating Positions
  • 5.13 Maintaining CUSIP-Tranche Linkage
  • 5.14 Viewing CUSIP-Tranche Linkage Summary
  • 5.15 Capturing Funding Memo Details
  • 5.15.1 Specifying Fee Details
  • 5.15.2 Viewing Funding Memo Details
  • 5.15.3 Viewing Pricing Details of Drawdowns
  • 5.15.4 Viewing Fee Details
  • 5.15.5 Viewing DCF Details
  • 5.15.6 Viewing Break Funding Fee Details
  • 5.15.7 Viewing Currency-wise Settlement Details
  • 5.16 Settling Trades Individually
  • 5.16.1 Capturing External Counterparty Mnemonic Details
  • 5.17 Settling Trades at Ticket Level
  • 5.17.1 Viewing Currency Wise Settlement Details in Ticket Settlement
  • 5.17.2 Handling Exceptions during Ticket Settlement
  • 5.17.3 Viewing Settlement Instructions before Authorization
  • 5.17.4 Specifying Fee Details
  • 5.17.5 Capturing Currency-wise SSI Mnemonics
  • 5.17.6 Capturing Mnemonic Details
  • 5.18 Settling Combined Tickets
  • 5.18.1 Specifying Fee Details
  • 5.18.2 Capturing Mnemonic Details
  • 5.18.3 Consolidated Interface Browser
  • 5.19 Settling DCF on First-time
  • 5.20 Reversing Trade Settlement
  • 5.21 Reversing Trade
  • 5.22 Calculating Reserve
  • 5.23 Reclassification
  • 5.23.1 SLT Batch Process for Reclassification
  • 5.24 Agency Confirmation
  • 5.25 Amending an SLT Contract
  • 5.25.1 Amending of CUSIP/ISIN and Firm Account Mnemonic
  • 5.26 Processing Silent Participation
  • 5.26.1 Processing Sell Participation
  • 5.26.2 Processing Buy Participation
  • 5.27 Processing Swap Deals
  • 5.27.1 Exchanging Information between SLT and LB modules
  • 5.28 Forward Processing of Events
  • 5.28.1 Fetching the Contracts for Forward Processing
  • 5.28.2 Confirming the Generation of Messages for an Event
  • 5.28.3 Processing Contracts For Secondary Loan Trading

    • 6. Processing Fee Details

  • 6.1 Introduction
  • 6.1.1 Specifying Assignment Fee Details
  • 6.1.2 Specifying Amendment Fee Details
  • 6.1.3 Specifying Line/Accommodation Fee Details
  • 6.1.4 Specifying Delayed Compensation Fee Details
  • 6.1.5 Specifying Break Fund Fee Details
  • 6.1.6 Specifying Waiver Fee Details
  • 6.1.7 Specifying Benefit of Commitment Reduction Fee (BCR) Details
  • 6.1.8 Specifying Upfront Fee Details
  • 6.1.9 Specifying Adhoc Fee Details
  • 6.1.10 Specifying Brokerage Details
  • 6.2 Amending Fee Details
  • 6.3 Liquidating Fee Components
  • 6.3.1 DCF Flat Unrealized Liquidation

    • 7. Interface between SLT and LB modules

  • 7.1 Introduction
  • 7.2 Deals Originated by Bank
  • 7.2.1 Viewing LB Handoff Details
  • 7.2.2 Future Buy/Sell Deal with Bank as Lead Agent
  • 7.2.3 Participation Sell where Bank as Lead Agent
  • 7.3 Deals where Bank is not Lead Agent
  • 7.3.1 Handing-off Commitment Reduction Details
  • 7.3.2 Viewing LQT Trade Browser Details
  • 7.4 Viewing Multiple Firm Account
  • 7.5 Viewing Referential Data from Secure
  • 7.6 Viewing the Markit SLT Interface Browser
  • 7.6.1 Viewing Trade Details
  • 7.6.2 Viewing Allocation Details
  • 7.6.3 Viewing Currency-wise Settlement Details
  • 7.6.4 Viewing the Error Messages
  • 7.7 Matching Process and Manual Linkage of SLT and Markit Trades
  • 7.8 Settlement Queue for Markit Trades
  • 7.8.1 Viewing the SSI Mnemonic Details
  • 7.8.2 Viewing the Funding Memo Details
  • 7.8.3 Viewing the Funding Memo Reconciliation Details
  • 7.8.4 Viewing the Exception Log
  • 7.9 Viewing LQT Mnemonic Browser Details

    • 8. Annexure – Accounting Entries

  • 8.1 Introduction
  • 8.1.1 Accounting Roles
  • 8.1.2 Events
  • 8.1.3 Amount Tags
  • 8.1.4 Advices
  • 8.1.5 Error Codes
  • 8.1.6 Event-wise Accounting Entries
  • 8.1.7 INIT: Contract Initiation
  • 8.1.8 VAMI: Value Dated Amendment
  • 8.1.9 LIQD: Liquidation

    • 9. Function ID Glossary