11. SWIFT Messages for Loan Syndication
11.1 SWIFT Messages
The SWIFT messages generated by the system during the life cycle of
a tranche or draw down contract under a syndication contract are detailed
in this annexure:
| SWIFT Message Type |
| Related to |
| Purpose |
| When Generated |
| Events in Oracle FLEXCUBE |
| Mail Equivalent |
| MT 643 |
| Participant side
Drawdown Input |
| Provides notice of the
borrower(s)' request for draw down(s)/renewal(s) on a given date |
| N days prior to the value
date of the draw down, where N is the notice days specified on defining
the Syndication Product |
| DNOT |
| SWIFT MT643 |
| MT644 |
| Participant side
Draw Down input |
| Specifies the interest
rate and, if applicable, the exchange rate, for the next interest
period |
| On initiation of a draw
down under tranche or on value dated amendments |
| IRFX/EXFX |
| SWIFT MT644 |
| MT645 |
| Fee Liquidation |
| Specifies flat and variable
fees, related to one facility, due to the Receiver |
| On Manually liquidating
the Fees |
| MLIQ/LIQD |
| SWIFT MT645 |
| MT646 |
| Tranche Fee Notice Advice |
| Advises of Payments and/or
prepayments of principal and/or interest on the same value
date, not related to any subsequent drawings or renewal |
| On Repayment or prepayment
of the draw down |
| ADNT |
| SWIFT MT646 |
| MT649 |
| Free Format |
| Provides for communications
related to syndicated facilities for which no specific messages
has been defined |
| At the discretion of the
sender |
| NA |
| NA |
11.1.1 SWIFT Tags and Oracle FLEXCUBE Fields Linkage - MT
643
11.1.1.1 Notice of Draw Down Renewal
| SWIFT Tag |
| Field Name |
| Mandatory (M) / Optional (O) |
| Field / FFT Code |
| Field / FFT Code name in Oracle FLEXCUBE |
| 20 |
| Transaction reference
Number |
| M |
| Field |
| Contract Reference Number |
| 21 |
| Related Reference |
| O |
| Field |
| Related Reference Number
if specified in the contract. |
| 23 |
| Further Identification |
| M |
| Field |
| Syndication Contract reference
to which the present tranche is attached |
| 88D |
| Borrower |
| M |
| Field |
| CIF id of the borrower
specified in the tranche contract |
| 32A |
| Original Facility Amount |
| M |
| Field |
| The value date and Amount
specified in the Syndication contract to which the present tranche is
attached |
| 26N |
| Drawing Identification |
| M |
| Field |
| The Draw Down Currency
and number specified in the LS Draw Down schedules Screen (under Borrower
leg contract) |
| 31F |
| Draw Down Period |
| M |
| Field |
| The draw down date and
tenor* specified in the LS Draw Down schedules Screen (under Borrower
leg contract)*The end date of the draw down is arrived at using
the draw down date and tenor |
| 32B |
| Amount of Draw Down |
| M |
| Field |
| The Amount specified in
the LS Draw Down schedules Screen (under Borrower leg contract) |
| 33B |
| Receiver's Participation |
| M |
| Field |
| The Amount arrived using
the draw down amount and the participation ratio specified in the Participant
(Receiver) leg of the tranche contract |
| 72 |
| Sender to Receiver Information
at Settlement Instructions |
| O |
| Field |
| The Sender to Receiver
Information maintained in the Settlement Instructions |
11.1.1.2 MT 643 – A Sample
| Sample MT643 Message |
| {1:F01AMBKWASHIXXX1111111111} |
| {2:I643JARDINEFXXXXN} |
| {4: |
| :20:000LRCP010010009 |
| :21: |
| :23:000LGEN010010003 |
| :88D:BAKER01 |
| :32A:19990101USD1000000000, |
| :26N:USD/1 |
| :31F:2001010120020101// |
| :32B:USD100000, |
| :33B:USD80000, |
| :72:/PHON/ |
| -} |
11.1.2 SWIFT Tags and Oracle FLEXCUBE Fields Linkage -
MT 644
11.1.2.1 Advice of Rate and Amount Fixing
| SWIFT Tag |
| Field Name |
| Mandatory (M) / Optional (O) |
| Field / FFT Code |
| Field / FFT Code name in Oracle FLEXCUBE |
| 20 |
| Transaction reference
Number |
| M |
| Field |
| Contract Reference Number |
| 21 |
| Related Reference |
| O |
| Field |
| Related Reference Number
if specified in the contract. |
| 88D |
| Borrower |
| M |
| Field |
| CIF id of the borrower
specified in the Draw Down contract |
| 32A |
| Original Facility Amount |
| M |
| Field |
| The value date and Amount
specified in the Syndication contract to which the present draw down
is attached |
| 26N |
| Drawing Identification |
| M |
| Field |
| The Draw Down Currency
and number of Draw Downs (under the tranche) specified in the Draw Down
Contract |
| 31F |
| Interest Period |
| M |
| Field |
| The Value date and Maturity
date of the draw down is specified in the Draw Down Contract |
| 37G |
| Basis Rate |
| M |
| Field |
| The Interest rate specified
in the Participant Leg Contract |
| 72 |
| Sender to Receiver Information
at Settlement Instructions |
| O |
| Field |
| The Sender to Receiver
Information maintained in the Settlement Instructions |
11.1.2.2 MT 643 – A Sample
| Sample MT644 Message |
| |
| {1:F01AMBKWASHIXXX1111111111} |
| {2:I644BANKAMERXICAN} |
| {4: |
| :20:000DFPN013650007 |
| :21: |
| :88D:GENMO01 |
| :32A:20011226USD2000000000, |
| :26N:USD/2 |
| :31F:2001123120020331// |
| :37G:18, |
| :72:/PHON/ |
| -} |
11.1.3 SWIFT Tags and Oracle FLEXCUBE Fields Linkage -
MT 645
11.1.3.1 Notice of Fee Due
| SWIFT Tag |
| Field Name |
| Mandatory (M) / Optional (O) |
| Field / FFT Code |
| Field / FFT Code name in Oracle FLEXCUBE |
| 20 |
| Transaction reference
Number |
| M |
| Field |
| Contract Reference
Number |
| 21 |
| Related Reference |
| O |
| Field |
| Related Reference
Number if specified in the contract . |
| 88D |
| Borrower |
| M |
| Field |
| CIF id of the borrower
specified in the Tranche contract |
| 32A |
| Original Facility
Amount |
| M |
| Field |
| The value date and Amount
specified in the Syndication contract to which the present
Tranche is attached |
| 23 |
| Type of Fee |
| M |
| Field |
| The Fee component
as described by the user in the charge definition screen of the Participant
Product |
| 31F |
| Fee Period |
| M |
| Field |
| The Value date of Fee
Liquidation |
| 34B |
| Fee Amount |
| M |
| Field |
| Fee Credited to the Customer |
| 33A |
| Total Fees |
| M |
| Field |
| Fee Credited to the Customer |
| 72 |
| Sender to Receiver Information
at Settlement Instructions |
| O |
| Field |
| The Sender to Receiver
Information maintained in the Settlement Instructions |
11.1.3.2 MT 645 – A Sample
| Sample MT645 Message |
| {1:F01AMBKWASHIXXX1111111111} |
| {2:I645JARDINEFXXXXN} |
| {4: |
| :20:000LNCP010010018 |
| :21: |
| :88D:IBNIN01 |
| :32A:19900101USD1000000000, |
| :23:Syndication non rev
fees |
| :31F:2001123120011231 |
| :34B:USD600, |
| :33A:600, |
| :72:/PHON/ |
| -} |
| |
11.1.4 SWIFT Tags and Oracle FLEXCUBE Fields Linkage -
MT 646
11.1.4.1 Payment of Principal and/or
Interest
| SWIFT Tag |
| Field Name |
| Mandatory (M) / Optional (O) |
| Field / FFT Code |
| Field / FFT Code name in Oracle FLEXCUBE |
| 20 |
| Transaction reference
Number |
| M |
| Field |
| Contract Reference Number |
| 21 |
| Related Reference |
| O |
| Field |
| Related Reference Number
if specified in the contract. |
| 23 |
| Type of transaction |
| M |
| Field |
| The type of transaction. |
| 88D |
| Borrower |
| M |
| Field |
| CIF id of the borrower
specified in the Drawdown contract |
| 32A |
| Original Facility Amount |
| M |
| Field |
| The value date and Amount
specified in the Syndication contract to which the present Tranche
is attached |
| 26P |
| Drawing Identification |
| M |
| Field |
| Contract Reference Number
of the Borrower Leg |
| 32A |
| Total Principal
Amount Repaid/Paid |
| M |
| Field |
| The Value date and Total
amount Paid in the Borrower Leg Contract |
| 32N |
| Principal Amount Due to
the Receiver |
| O |
| Field |
| The Value Date of the
payment and The share of Principal Paid due to the receiver |
| 33N |
| Gross Interest Amount
Due to the Receiver |
| O |
| Field |
| The Value Date of the
payment and The share of Interest Paid due to the receiver |
| 34A |
| Total Amount Transferred |
| O |
| Field |
| The sum of receiver's
share of Principal and Interest Paid |
| 72 |
| Sender to Receiver Information
at Settlement Instructions |
| O |
| Field |
| The Sender to Receiver
Information maintained in the Settlement Instructions |
11.1.4.2 MT 646 – A Sample
| Sample MT646 Message |
| {1:F01AMBKWASHIXXX1111111111} |
| {2:I646BANKAMERXICAN} |
| {4: |
| :20:000DFNP010010001 |
| :21: |
| :23:000LGEN010010001 |
| :88D:GEIND01 |
| :32A:19990101USD1000000000, |
| :26P:000LFNB010010001 |
| :32A:20010630USD6000000, |
| :32N:20010630USD1800000, |
| :33N:20010630USD106520,55 |
| :34A:1906520,55 |
| :72:/PHON/ |
| -} |
11.1.5 SWIFT Tags and Oracle FLEXCUBE Fields Linkage -
MT 649
11.1.5.1 General Syndicated Facility
Message
| SWIFT Tag |
| Field Name |
| Mandatory (M) / Optional (O) |
| Field / FFT Code |
| Field / FFT Code name in Oracle Flexcube |
| 20 |
| Transaction reference
Number |
| M |
| Field |
| System Generated |
| 21 |
| Related Reference |
| O |
| Field |
| User Input. |
| 88D |
| Borrower |
| M |
| Field |
| User Input |
| 79 |
| Narrative |
| M |
| FFT |
| User Input |
11.1.5.2 MT 649 – A Sample
| Sample MT649 Message |
| {1:F01AMBKWASHIXXX1111111111} |
| {2:I199BANKAMERXICAN} |
| {4: |
| :20:000ZFFT013650002 |
| :21:NONE |
| :88D:GE ELECTRIC CORPORATION
INC |
| :79:ATTN : MR SMITH JOHNSON |
| PLEASE ACKNOWLEDGE THE
RECEIPT OF |
| THE COPY OF GE'S BOARD
RESOLUTION |
| FORWARDED TO YOU ON 29.12.2001 |
| -} |