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
-}