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. Defining Attributes of an SLT Product

  • 3.1 Introduction
  • 3.1.1 Specifying Product Preferences
  • 3.1.2 Specifying Fee Details
  • 3.2 Control Accounts for SLT Trades
  • 3.2.1 Processing Products with Control Accounts
  • 3.2.2 Processing SLT Batch for Trade Date Accounting
  • 3.2.3 Control Account for Origination Contracts

    • 4. Processing an SLT Contract

  • 4.1 Introduction
  • 4.1.1 Specifying Trade Details
  • 4.1.2 Specifying Markit/ClearPar Details
  • 4.1.3 Specifying Contract Details
  • 4.1.4 Specifying Booking Details
  • 4.1.5 Specifying Other Details
  • 4.1.6 Specifying Holiday Preferences
  • 4.1.7 Financial Centre Holiday Treatment
  • 4.2 Viewing Exceptions Summary
  • 4.3 Viewing Draft Trade Summary
  • 4.4 Processing Internal Trades for HFI to HFS Transfer
  • 4.4.1 Impact on CoC Balance
  • 4.4.2 Reversing Internal Trades
  • 4.5 Viewing Processed Trades
  • 4.5.1 Capturing swap Details
  • 4.5.2 Specifying Fee Details
  • 4.5.3 Specifying Settlements Details
  • 4.5.4 Specifying MIS Details
  • 4.5.5 Specifying SSI Mnemonics
  • 4.5.6 Viewing Funding Memo Details
  • 4.5.7 Maintaining Events
  • 4.5.8 Viewing the Amortized Fee Log Details
  • 4.5.9 Financial Centre Holiday Treatment
  • 4.5.10 Viewing Commitment Reduction Log
  • 4.5.11 Reversing Trade Contract
  • 4.6 Querying Trade Contract
  • 4.7 Capturing Agency Details
  • 4.7.1 Capturing the Pricing Details
  • 4.7.2 Capturing Interest Details
  • 4.7.3 Auto Booking of Drawdown Details
  • 4.7.4 Capturing Additional Drawdown Details
  • 4.8 Capturing Origination Trade Details
  • 4.8.1 Processing CLP Sell Line Trades
  • 4.8.2 Processing Cost of Credit Valuation for Commitments
  • 4.8.3 Validating Unamortized Fee
  • 4.8.4 Processing CLP Buy Line Trades
  • 4.9 Trading with PIK Facility
  • 4.10 Querying Position Balances
  • 4.10.1 Resolving Multiple Portfolio Mapping to a Single Expense Code
  • 4.10.2 Updating Positions for Commitment Reductions/ Increases
  • 4.11 Calculating Realized Profit and Loss
  • 4.11.1 Calculating Realized PnL for Commitment Reductions
  • 4.12 Re-valuating Positions
  • 4.13 Maintaining CUSIP-Tranche Linkage
  • 4.14 Viewing CUSIP-Tranche Linkage Summary
  • 4.15 Capturing Funding Memo Details
  • 4.15.1 Specifying Fee Details
  • 4.15.2 Viewing Funding Memo Details
  • 4.15.3 Viewing Break Funding Fee Details
  • 4.15.4 Viewing Currency-wise Settlement Details
  • 4.16 Settling Trades Individually
  • 4.16.1 Capturing External Counterparty Mnemonic Details
  • 4.17 Settling Trades at Ticket Level
  • 4.17.1 Viewing Currency Wise Settlement Details in Ticket Settlement
  • 4.17.2 Handling Exceptions during Ticket Settlement
  • 4.17.3 Viewing Settlement Instructions before Authorization
  • 4.17.4 Specifying Fee Details
  • 4.17.5 Specifying Payment Details
  • 4.17.6 Capturing Currency-wise SSI Mnemonics
  • 4.17.7 Capturing Mnemonic Details
  • 4.17.8 Field 72 Population in Wire Messages
  • 4.18 Settling Combined Tickets
  • 4.18.1 Specifying Fee Details
  • 4.18.2 Capturing Mnemonic Details
  • 4.18.3 Consolidated Interface Browser
  • 4.18.4 Specifying options in Loan Parameters screen
  • 4.18.5 Auto Creation of New Mnemonics
  • 4.19 Specifying Adjustment Rate
  • 4.20 Settling DCF on First-time
  • 4.21 Reversing Trade Settlement
  • 4.22 Reversing Trade
  • 4.23 Calculating Reserve
  • 4.24 Reclassification
  • 4.24.1 SLT Batch Process for Reclassification
  • 4.25 Agency Confirmation
  • 4.26 Amending an SLT Contract
  • 4.26.1 Amending of CUSIP/ISIN and Firm Account Mnemonic
  • 4.27 Processing Silent Participation
  • 4.27.1 Processing Sell Participation
  • 4.27.2 Processing Buy Participation
  • 4.28 Processing Swap Deals
  • 4.28.1 Exchanging Information between SLT and LB modules
  • 4.29 Forward Processing of Events
  • 4.29.1 Fetching the Contracts for Forward Processing
  • 4.29.2 Confirming the Generation of Messages for an Event
  • 4.29.3 Processing Contracts For Secondary Loan Trading
  • 4.30 SLT Processing for LMA / LSTA Participation
  • 4.31 SLT Processing for Primary Delayed Compensation
  • 4.31.1 Portfolio Details screen
  • 4.31.2 Position Identifier Screen
  • 4.31.3 Trading on Lead Agent Deals
  • 4.31.4 Trading on Non-Lead Agent Deals
  • 4.31.5 Reduction of Un-Amortized Fees during trade
  • 4.31.6 Placement Processing
  • 4.31.7 Trade Type Amendment

    • 5. Processing Fee Details

  • 5.1 Introduction
  • 5.1.1 Specifying Assignment Fee Details
  • 5.1.2 Suppressing Wire Messages for Assignment Fees
  • 5.1.3 LQT Trade Upload
  • 5.1.4 Specifying Amendment Fee Details
  • 5.1.5 Specifying Line/Accommodation Fee Details
  • 5.1.6 SLT - Accounting for Amendment Fee
  • 5.1.7 Specifying Delayed Compensation Fee Details
  • 5.1.8 Specifying Break Fund Fee Details
  • 5.1.9 Specifying Waiver Fee Details
  • 5.1.10 Specifying Benefit of Commitment Reduction Fee (BCR) Details
  • 5.1.11 Specifying Upfront Fee Details
  • 5.1.12 Specifying Adhoc Fee Details
  • 5.1.13 Specifying Brokerage Details
  • 5.2 Amending Fee Details
  • 5.2.1 Viewing Event Details
  • 5.3 Liquidating Fee Components
  • 5.3.1 DCF Flat Unrealized Liquidation
  • 5.3.2 Trade Settlement Threshold Limit

    • 6. Interface between SLT and LB modules

  • 6.1 Introduction
  • 6.2 Deals Originated by Bank
  • 6.2.1 Viewing LB Handoff Details
  • 6.2.2 Future Buy/Sell Deal with Bank as Lead Agent
  • 6.2.3 Participation Sell where Bank as Lead Agent
  • 6.3 Deals where Bank is not Lead Agent
  • 6.3.1 Handing-off Commitment Reduction Details
  • 6.3.2 Viewing LQT Trade Browser Details
  • 6.4 Viewing Multiple Firm Account
  • 6.5 Viewing Referential Data from Secure
  • 6.6 Viewing the External Agency Interface Browser
  • 6.6.1 Viewing Trade Details
  • 6.6.2 Viewing External Allocation Details
  • 6.6.3 Viewing Currency-wise Settlement Details
  • 6.6.4 Viewing the Error Messages
  • 6.6.5 Viewing External Agency Interface Browser History
  • 6.7 Matching Process and Manual Linkage of SLT and Markit Trades
  • 6.8 Settlement Queue for Markit Trades
  • 6.8.1 Viewing the SSI Mnemonic Details
  • 6.8.2 Viewing the Funding Memo Details
  • 6.8.3 Viewing the Funding Memo Reconciliation Details
  • 6.8.4 Funding Memo Status
  • 6.8.5 Viewing the Exception Log
  • 6.8.6 Viewing Automated Settlement Queue History
  • 6.9 Viewing LQT Mnemonic Browser Details

    • 7. Annexure – Accounting Entries

  • 7.1 Introduction
  • 7.1.1 Accounting Roles
  • 7.1.2 Events
  • 7.1.3 Amount Tags
  • 7.1.4 Advices
  • 7.1.5 Error Codes
  • 7.1.6 Event-wise Accounting Entries
  • 7.1.7 INIT: Contract Initiation
  • 7.1.8 VAMI: Value Dated Amendment
  • 7.1.9 LIQD: Liquidation
  • 7.1.10 LOR Accounting Entries

    • 8. Function ID Glossary