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
5.3 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 Capturing swap Details
5.5.2 Specifying Fee Details
5.5.3 Specifying Settlements Details
5.5.4 Specifying MIS Details
5.5.5 Specifying SSI Mnemonics
5.5.6 Viewing Funding Memo Details
5.5.7 Maintaining Events
5.5.8 Viewing the Amortized Fee Log Details
5.5.9 Viewing Commitment Reduction Log
5.5.10 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 Break Funding Fee Details
5.15.4 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 Specifying Payment Details
5.17.6 Capturing Currency-wise SSI Mnemonics
5.17.7 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
6.2.1 Viewing Event 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