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
-}