This chapter contains information about events, advices, and accounting entries for Loan Syndication Products.
This chapter contains the following sections:
When you create products for borrower facility, tranche or drawdown contracts, you must maintain the events and event-wise accounting entries and advices. The following section of this chapter gives you a list of probable events applicable for each product type and the related accounting entries and advices.
The following table lists the events that can take place during the lifecycle of a syndication contract. The appropriate propagation type for each event is also mentioned:
Event Code |
Event Description |
Propagation Type |
BOOK |
Booking of Contract |
Required |
INIT |
Contract Initiation |
Required |
LIQD |
Liquidation |
Required |
FLIQ |
Fee Liquidation |
Required |
CROL |
Consol Rollover |
Required |
CAMD |
Contract Amendment |
Required |
CANC |
Cancellation of Reduction Schedules |
Required |
DLNK |
Release of Linkage to Loan |
Not Required |
DNOT |
Drawdown Notice Generation |
Required |
EXFX |
Exchange Rate Fixing |
Required |
ENOT |
Exchange Rate Fixing Notice |
Required |
IRFX |
Interest Rate Fixing |
Required |
LINK |
Linkage to Loan |
Not Required |
NOTC |
Billing Notice Generation |
Required |
PRAM |
Participant Amendment |
Required |
ROLL |
Rollover of Contract |
Required |
VAMB |
Value Dated Amendment Booking |
Required |
VAMI |
Value Dated Amendment Initiation |
Required |
INOT |
Interest Rate Notice Generation |
Required |
ENOT |
Exchange Rate Notice |
Required |
FACR |
Fee Accrual |
Not Required |
IRAM |
Interest Rate Amendment |
Required |
ERAM |
Exchange Rate Amendment |
Required |
RNDP |
Rounding Profit |
Required |
RNDL |
Rounding Loss |
Required |
PRLQ |
Liquidation of a payable/receivable component of a tranche/DD. |
Required |
RVPR |
Reversal of a payable/receivable component of a tranche/DD. |
Required |
MRFX |
Fixing/Pickup of New Margin Rate |
Required |
EXPY |
Expiry of Tranche Availability |
Required |
CASC |
Change in the ‘Cascade Participation’ attribute of a tranche. |
Required |
SPTB |
Split Re-price Booking at parent contract |
Required |
SPTI |
Split Re-price Initiation at parent contract |
Required |
SPIX |
Split Re-price Interest Rate Fixing at parent contract |
Required |
SPEX |
Split Re-price Exchange Rate Fixing at parent contract |
Required |
SPNT |
Split Re-price Notice at parent contract |
Required |
SPTR |
Split Re-price reversal at parent contract |
Required |
MRGB |
Merger Reprice booking at parent contract |
Required |
MRGI |
Merger Reprice Initiation at parent contract |
Required |
MRLQ |
Merger Liquidation at child contract |
Required |
MRGR |
Merge re-price reversal at parent contract |
Required |
RNET |
Rollover of a contract with rollover netting option |
Required |
RMNT |
Payment message in case of rollover netting |
Required |
COAM |
Collateral Percentage Amendment |
Not Required |
SPWV |
Special Penalty Waiver |
|
RSPW |
Reversal of Special Penalty Waiver |
|
FELB |
Adhoc Fee Booking |
Required |
FELA |
Adhoc Fee Amendment |
Required |
FERB |
Reversal of Advance Fee Booking |
Required |
The amount tags listed below are hard coded in Oracle Banking Corporate Lending:
Sl No |
Amount Tag |
Description |
1 |
USERINPUT |
User Input Amount |
2 |
COMMUTIL_DECR |
Commitment Amount Reinstated |
3 |
COMMUTIL_INCR |
Commitment Amount Utilized |
4 |
DDCOUNT |
Drawdown Count |
5 |
OUTSTANDING |
Outstanding Amount |
6 |
PRINCIPAL |
Principal Amount |
7 |
PRINCIPAL_ADDL |
Additional Principal |
8 |
PRINCIPAL_DECR |
Decrease in principal on amendment |
9 |
PRINCIPAL_FWD |
Forward takedown amount |
10 |
PRINCIPAL_INCR |
Increase in principal on amendment |
11 |
PRINCIPAL_LIQD |
Principal Amount Liquidated |
12 |
PRINCIPAL_PAY |
PRINCIPAL - Payable Amount |
13 |
PRINCIPAL_REC |
PRINCIPAL- Receivable Amount |
14 |
PRINCIPAL_ROIN |
Principal Amount for rolled over new contract |
15 |
PRINCIPAL_ROLL |
Principal Amount Rolled over |
16 |
TRANCHE-CURRENT-LIMIT |
Tranche Current Limit |
17 |
UNUTIL |
Un-Utilized Amount |
18 |
UTILIZED |
Utilized Amount |
19 |
COMPONENT_AMOT |
Component Amortization |
20 |
COMPONENT_SPLT |
Component Split |
21 |
ISSUER1_LCOS to ISSUER10_LCOS |
Issuance LC Outstanding |
22 |
COMMERCIAL_LCOS |
Commercial LC Outstanding |
23 |
STANDBY_LCOS |
Stand By LC Outstanding |
24 |
NETAMNT_PAY |
Net amount Payable |
25 |
NETAMNT_RECV |
Net amount Receivable |
A list of sample accounting roles and role type is listed below:
Accounting Role |
Description |
Role Type |
CONASSETGL |
Commitment GL |
Contingent Asset |
CONASSETOFF |
Offset for Commitments |
Contingent Liability |
F-TAX1_EXP |
Tax expense role for F-TAX1 |
Expense |
F-TAX1_PAD |
Tax paid in adv role for F-TAX1 |
Asset |
F-TAX1_PAY |
Tax payable role for F-TAX1 |
Liability |
F-TAX2_EXP |
Tax expense role for F-TAX2 |
Expense |
F-TAX2_PAD |
Tax paid in adv role for F-TAX2 |
Asset |
F-TAX2_PAY |
Tax payable role for F-TAX2 |
Liability |
FWDASSETGL |
GL for Future Dated loans |
Contingent Asset |
SYN_POOL |
Syndication Pool |
Asset |
Accounting Role |
Description |
Role Type |
SYN_RNDEXP |
Syndication Rounding Expense |
Expense |
SYN_RNDINC |
Syndication Rounding Income |
Income |
SYN_POOL |
Syndication Pool |
Asset |
ASSETGL |
Asset GL for Loans |
Asset |
CONLIABGL |
Borrowing Line GL |
Contingent Liability |
FWDASSETGL |
GL for Future Dated Loans |
Contingent Asset |
LOANS_SYND_POOL |
Loans syndication pool |
Asset |
ROLL_WASH |
Roll wash for rollover |
Income |
FAS91_SPLIT |
FAS91 Fee to be Recognized split |
Income |
SUSPENSE_GL |
Rollover netting suspense GL |
Income |
CUSTOMER |
Customer Settlement Account |
Expense |
Note
In the accounting roles listed above the suffixes stand for:
The following sections list the suggested accounting entries and advices for each of the events in the life-cycle of a syndication contract. Samples of events, accounting entries, and advices have been given for the following types of syndication products:
The possible events and event-wise accounting entries and advices for a borrower facility product is tabulated below.
The following events are applicable to Borrower Facility Products:
Event |
Description |
BOOK |
Triggered when a facility contract is Booked |
FLIQ |
Triggered when fees are liquidated for a facility contract that uses the product |
CAMD |
Triggered when a facility contract is amended |
FACR |
Triggered when fees accrual entries are passed, based on the Accrual parameters defined at the product level. |
NOTC |
Triggered when a billing notice is generated for the facility |
SGEN |
Triggered on ‘Settlement Days’ (maintained in the ‘Currency Definition’) before the schedule payment date. |
The possible accounting entries for the various events are given below:
BOOK
Accounting Entries not applicable for this event
CAMD
Accounting Entries not applicable for this event
FACR
Accounting Role |
Amount Tag |
Dr / Cr |
FEE-ADVRIA |
COMPONENT_ACCR |
Dr |
FEE-ADVINC |
COMPONENT_ACCR |
Cr |
FEE-ARRREC |
COMPONENT_ACCR |
Dr |
FEE-ARRINC |
COMPONENT_ACCR |
Cr |
FLIQ
Accounting Role |
Amount Tag |
Dr / Cr |
SYN_POOL |
COMPONENT_LIQD |
Cr |
CUSTOMER |
COMPONENT_LIQD |
Dr |
If fee accrual is applicable for the product, the following additional entries will also be passed. |
||
FEE-ADVRIA |
COMPONENT_LIQD |
Cr |
CUSTOMER |
COMPONENT_LIQD |
Dr |
FEE-ARRREC |
COMPONENT_LIQD |
Cr |
CUSTOMER |
COMPONENT_LIQD |
Dr |
CUSTOMER |
COMPONENT_LIQD |
Dr |
Un earned GL |
COMPONENT_LIQD |
Cr |
Un earned GL |
COMPONENT_AMOT |
Dr |
RIA GL |
COMPONENT_AMOT |
Cr |
Un earned GL |
COMPONENT_SPLT |
Dr |
FAS91_SPLIT |
COMPONENT_SPLT |
Cr |
SGEN
Accounting Entries not applicable for this event
NOTC
Accounting Entries not applicable for this event
The following events are available for generation of advices:
Event |
Description |
FLIQ |
You can associate the advice BORR_FEE_ADV with this event |
NOTC |
You can associate the advice BORR_SYND_NOTC with this event |
SGEN |
You can associate the advice PAYMENT_MESSAGE with this event |
The possible accounting entries for the event TRCL are given below:
Event |
Amount Tag |
Accounting Role |
Dr/Cr |
TRCL |
LCLMT_HFS_INCR |
LCSUBLIMITHFS |
Dr |
TRCL |
LCLMT_HFS_INCR |
LCSUBLIMIT |
Cr |
TRCL |
LCLMT_HFS_DECR |
LCSUBLIMIT |
Dr |
TRCL |
LCLMT_HFS_DECR |
LCSUBLIMITHFS |
Cr |
The possible events and event-wise accounting entries and advices for a borrower tranche product is tabulated below.
The following events are applicable:
Event |
Description |
BOOK |
Triggered when a borrower tranche is booked |
INIT |
Triggered when a borrower tranche is initiated |
LIQD |
Triggered when any principal component is liquidated in the Drawdown under the Tranche |
FLIQ |
Triggered when fees are liquidated for a tranche that uses the product |
LINK |
Triggered for a tranche when a drawdown is initiated under the tranche |
DLNK |
Triggered for a tranche when a drawdown schedule under a tranche is closed. |
NOTC |
Triggered when a billing notice is generated for the tranche |
PRAM |
Triggered when a participant transfer occurs for the tranche |
VAMB |
Triggered when a value dated amendment (of Principal or Maturity Date) is booked for the tranche. |
VAMI |
Triggered for a tranche when a value dated amendment is initiated or becomes effective in the system |
CANC |
Triggered when the reduction schedules for a tranche is cancelled manually. |
EXPY |
Triggered upon expiry of the tranche |
SGEN |
Triggered when a settlement message is generated for the tranche |
PRLQ |
Triggered when a payable or receivable component of the tranche is liquidated |
RVPR |
Triggered when a payable or receivable component of the tranche is reversed |
FRSK |
Triggered while performing various operations in the Agency module (Accounting event maintained for change in GAAP fronting risk for various operations performed in Agency module). |
The possible accounting entries for the various events are given below:
BOOK
Accounting Role |
Amount Tag |
Dr /Cr |
SYN_POOL |
COMPONENT_LIQD |
Cr |
CUSTOMER |
COMPONENT_LIQD |
Dr |
INIT
Accounting Role |
Amount Tag |
Dr /Cr |
CONASSETGL |
PRINCIPAL |
Dr |
CONASSETOFF |
PRINCIPAL |
Cr |
CUSTOMER |
COMPONENT_LIQD |
Dr |
SYN_POOL |
COMPONENT_LIQD |
Cr |
LC Sublimit for bank share (GAAP fronting Risk ) |
LCLIMITAMT |
Dr |
Memo offset (GAAP fronting Risk) |
LCLIMITAMT |
Cr |
LIQD
Accounting Role |
Amount Tag |
Dr /Cr |
CONASSETOFF |
PRINCIPAL_LIQD |
Dr |
CONASSETGL |
PRINCIPAL_LIQD |
Cr |
FLIQ
Accounting Role |
Amount Tag |
Dr /Cr |
CUSTOMER |
COMPONENT_LIQD |
Dr |
SYN_POOL |
COMPONENT_LIQD |
Cr |
Internal Receivable GL ac |
UNTIL_SWN |
Dr |
Syn-pool |
UNUTIL_SWN |
Cr |
DLINK
Accounting Role |
Amount Tag |
Dr /Cr |
CONLIABGL |
COMMUTIL_DECR |
Cr |
CONASSETGL |
COMMUTIL_DECR |
Dr |
LINK
Accounting Role |
Amount Tag |
Dr /Cr |
CONASSETOFF |
COMMUTIL_INCR |
Dr |
CONASSETGL |
COMMUTIL_INCR |
Cr |
NOTC
Accounting Entries are not applicable for this event.
CANC
Accounting Role |
Amount Tag |
Dr /Cr |
CONASSETOFF |
COMMUTIL_DECR |
Dr |
CONASSETGL |
COMMUTIL_DECR |
Cr |
EXPY
Accounting Role |
Amount Tag |
Dr /Cr |
CONASSETOFF |
COMMUTIL_DECR |
Dr |
CONASSETGL |
COMMUTIL_DECR |
Cr |
VAMB
Accounting Role |
Amount Tag |
Dr /Cr |
SYN_POOL |
COMPONENT_LIQD |
Cr |
CUSTOMER |
COMPONENT_LIQD |
Dr |
VAMI
Accounting Role |
Amount Tag |
Dr /Cr |
CONASSETGL |
PRINCIPAL_DECR |
Cr |
CONASSETOFF |
PRINCIPAL_DECR |
Dr |
CONASSETOFF |
PRINCIPAL_INCR |
Cr |
CONASSETGL |
PRINCIPAL_INCR |
Dr |
LC Sublimit for bank share(GAAP fronting Risk) |
LCLIMITAMT_INCR |
Dr |
Memo offset (GAAP fronting Risk) |
LCLIMITAMT_INCR |
Cr |
LC Sublimit for bank share(GAAP fronting Risk) |
LCLIMITAMT_DECR |
Dr |
Memo offset (GAAP fronting Risk) |
LCLIMITAMT_DECR |
Cr |
FRSK
Accounting Role |
Amount Tag |
Dr /Cr |
LC Sublimit for bank share(GAAP fronting Risk) |
LCLIMITAMT_INCR |
Dr |
Memo offset (GAAP fronting Risk) |
LCLIMITAMT_INCR |
Cr |
LC Sublimit for bank share(GAAP fronting Risk) |
LCLIMITAMT_DECR |
Dr |
Memo offset (GAAP fronting Risk) |
LCLIMITAMT_DECR |
Cr |
SGEN
Accounting Entries are not applicable for this event.
PRLQ
Accounting Role |
Amount Tag |
Dr/Cr |
CUSTOMER |
COMPONENT_PAY |
Cr |
CUSTOMER |
COMPONENT_REC |
Dr |
SYN_POOL |
COMPONENT_PAY |
Dr |
SYN_POOL |
COMPONENT_REC |
Cr |
RVPR
Accounting entries are not applicable for this event.
NOTC
Accounting Entries are not applicable for this event.
PRAM
Accounting Entries are not applicable for this event.
The following events are available for generation of advices:
Event |
Advice |
FLIQ |
You can associate BORR_FEE_ADV with this event |
INIT |
You can associate PAYMENT_MESSAGE with this event |
BOOK |
You can associate PAYMENT_MESSAGE with this event |
NOTC |
You can associate BORR_BILL_NOTC with this event |
VAMI |
You can associate PAYMENT_MESSAGE with this event |
SGEN |
You can associate PAYMENT_MESSAGE with this event |
PRLQ |
You can associate PAYMENT_MESSAGE with this event |
The possible events and event-wise accounting entries and advices for a borrower drawdown product is tabulated below.
The following events are applicable to borrower drawdown products:
Event |
Description |
BOOK |
Triggered when a borrower drawdown contract is booked |
INIT |
Triggered when a borrower drawdown contract is initiated |
LIQD |
Triggered when there is a repayment for the principal component under the drawdown contract. |
FLIQ |
Triggered when fees are liquidated for a contract that uses the product. |
CROL |
Triggered when a consolidated rollover occurs |
DNOT |
Triggered upon generation of a DD notice |
ENOT |
Triggered when an exchange rate fixing notice is generated |
EXFX |
Triggered on the date when the exchange rate is fixed for the drawdown. |
INOT |
Triggered when an interest rate fixing notice is generated for the drawdown. |
IRFX |
Triggered on the date when the interest rate is fixed for the drawdown. |
VAMB |
Triggered when a value dated amendment (of Principal or Maturity Date) is booked for the drawdown. |
VAMI |
Triggered for a drawdown when a value dated amendment is initiated or becomes effective in the system. |
NOTC |
Triggered when a billing notice is generated for the drawdown. |
PRAM |
Triggered when a participant transfer occurs for the drawdown. |
ROLL |
Triggered when a drawdown is rolled over |
CAMD |
Triggered when a drawdown undergoes an amendment |
ERAM |
Triggered when the exchange rate of the drawdown is amended |
IRAM |
Triggered when the interest rate of the drawdown is amended |
SGEN |
Triggered when a settlement message is generated for the drawdown |
RVPR |
Triggered upon reversal of payables and receivables for a drawdown |
PRLQ |
Triggered upon liquidation of payables and receivables |
REVN |
Triggered when a back dated floating interest rate code is revised. It is also triggered when a floating interest rate code is revised on the current application date. |
MRFX |
Triggered when a back dated margin rate revision occurs |
RNOT |
Triggered when capturing the rollover instructions for a drawdown |
ROIX |
Triggered when DD interest rate is fixed while capturing the rollover instructions |
ROEX |
Triggered when DD exchange rate is fixed while capturing the rollover instructions |
SPTB |
Triggered when a split re-price booking occurs for the parent contract. |
SPTI |
Triggered when a split re-price initiation occurs for the parent contract. |
SPIX |
Triggered when split re-price interest rate fixing occurs for the parent contract. |
SPEX |
Triggered when split re-price exchange rate fixing occurs for the parent contract. |
SPNT |
Triggered when split re-price notice is generated for the parent contract. |
SPTR |
Triggered when split re-price reversal occurs for the parent contract. |
MRGB |
Triggered when merger re-price booking occurs for the parent contract. |
MRGI |
Triggered when merger re-price initiation occurs for the parent contract. |
MRLQ |
Triggered when merger re-price liquidation occurs for the child contract. |
MRGR |
Triggered when merger re-price reversal occurs for the parent contract. |
RNET |
Triggered on the date rollover is fired. |
RMNT |
Triggered when Payment Message is generated based on settlement days (Currency). |
CREX |
Triggered when exchange rate is fixed during consolidated rollover booking |
CRIX |
Triggered when interest rate is fixed during consolidated rollover booking |
CRNT |
Triggered to generate the consolidated rollover notice when consolidated rollover is booked. |
The possible accounting entries for the various events are given below:
BOOK
Accounting Role |
Amount Tag |
Dr /Cr |
CUSTOMER |
COMPONENT_LIQD |
Dr |
SYN_POOL |
COMPONENT_LIQD |
Cr |
INIT
Accounting Role |
Amount Tag |
Dr /Cr |
SYN_POOL |
PRINCIPAL |
Dr |
CUSTOMER |
PRINCIPAL |
Cr |
CUSTOMER |
COMPONENT_LIQD |
Dr |
SYN_POOL |
COMPONENT_LIQD |
Cr |
SYN_POOL |
PRINCIPAL_ADDL |
Dr |
CUSTOMER |
PRINCIPAL_ADDL |
Cr |
SYN_POOL |
PRINCIPAL_ROIN |
Dr |
ROLL_WASH |
PRINCIPAL_ROIN |
Cr |
COLLAT_DECR (Special amount is +ve) |
Borrower Collateral Ac |
Dr |
COLLAT_DECR (Special amount is +ve) |
Customer |
Cr |
COLLAT_INCR (Special amount is -ve) |
Customer |
Dr |
COLLAT_INCR (Special amount is -ve) |
Borrower Collateral Ac |
Cr |
LIQD
Accounting Role |
Amount Tag |
Dr /Cr |
CUSTOMER |
PRINCIPAL_LIQD |
Dr |
SYN_POOL |
PRINCIPAL_LIQD |
Cr |
CUSTOMER |
COMPONENT_LIQD |
Dr |
SYN_POOL |
COMPONENT_LIQD |
Cr |
COLLAT_INCR (Special amount is +ve) |
Borrower Collateral Ac |
Cr |
COLLAT_INCR (Special amount is +ve) |
Customer |
Dr |
COLLAT_DECR (Special amount is -ve) |
Customer |
Cr |
COLLAT_DECR (Special amount is - ve) |
Borrower Collateral Ac |
Dr |
FLIQ
Accounting Role |
Amount Tag |
Dr /Cr |
CUSTOMER |
COMPONENT_LIQD |
Dr |
SYN_POOL |
COMPONENT_LIQD |
Cr |
RNET
Accounting Role |
AMT_TAG |
Dr/Cr |
SUSPENSE_GL |
NETAMNT_RECV |
Dr |
CUSTOMER |
NETAMNT_RECV |
Cr |
SUSPENSE_GL |
NETAMNT_PAY |
Cr |
CUSTOMER |
NETAMNT_PAY |
Dr |
CROL
Accounting Entries are not applicable for this event.
DNOT
Accounting Entries are not applicable for this event.
ENOT
Accounting Entries are not applicable for this event.
EXFX
Accounting Entries are not applicable for this event.
INOT
Accounting Entries are not applicable for this event.
IRFX
Accounting Entries are not applicable for this event.
NOTC
Accounting Entries are not applicable for this event.
PRAM
Accounting Entries are not applicable for this event.
ROLL
Accounting Role |
Amount Tag |
Dr /Cr |
CUSTOMER |
PRINCIPAL_LIQD |
Dr |
SYN_POOL |
PRINCIPAL_LIQD |
Cr |
ROLL_WASH |
PRINCIPAL_ROLL |
Dr |
SYN_POOL |
PRINCIPAL_ROLL |
Cr |
ROLL_WASH |
COMPONENT_ROLL |
Dr |
SYN_POOL |
COMPONENT_ROLL |
Cr |
VAMB
Accounting Role |
Amount Tag |
Dr /Cr |
SYN_POOL |
COMPONENT_LIQD |
Cr |
CUSTOMER |
COMPONENT_LIQD |
Dr |
VAMI
Accounting Role |
Amount Tag |
Dr /Cr |
CUSTOMER |
PRINCIPAL_INCR |
Cr |
SYN_POOL |
PRINCIPAL_INCR |
Dr |
CAMD
Accounting Entries are not applicable for this event.
ERAM
Accounting Entries are not applicable for this event.
IRAM
Accounting Entries are not applicable for this event.
SGEN
Accounting Entries are not applicable for this event.
CREX
Accounting Entries are not applicable for this event.
PRLQ
Accounting Role |
Amount Tag |
Dr /Cr |
CUSTOMER |
COMPONENT_REC |
Dr |
CUSTOMER |
COMPONENT_PAY |
Cr |
SYN_POOL |
COMPONENT_PAY |
Dr |
SYN_POOL |
COMPONENT_REC |
Cr |
RVPR
Accounting entries are not applicable for this event.
REVN
Accounting Entries are not applicable for this event.
MRFX
Accounting Entries are not applicable for this event.
ROBK
Accounting Entries are not applicable for this event.
ROIX
Accounting Entries are not applicable for this event.
ROEX
Accounting Entries are not applicable for this event.
RNOT
Accounting Entries are not applicable for this event.
SPIT
Accounting Role |
Amount Tag |
Description |
Cr/Dr |
Customer |
PRINCIPAL_SPTI |
To the extent of the re-priced amount and customer leg routes through re-price suspense GL. |
Dr |
Syn_Pool |
PRINCIPAL_SPTI |
Cr |
|
Customer |
PRINCIPAL_LIQD |
To the extent
of the residual principal |
Dr |
Syn_Pool |
PRINCIPAL_LIQD |
Cr |
|
Customer |
INTEREST_LIQD |
To the extent of interest to be liquidated |
Dr |
Syn_Pool |
INTEREST_LIQD |
Cr |
MRLQ
Accounting Role |
Amount Tag |
Description |
Cr/Dr |
Customer |
PRINCIPAL_MRLQ |
To the extent of re priced Amount and customer leg routes through ‘Reprice suspense GL’. |
Dr |
Syn_Pool |
PRINCIPAL_MRLQ |
Cr |
|
Customer |
PRINCIPAL_LIQD |
To the extent of residual principal (Principal O/S – Re-priced amount) |
Dr |
Syn_Pool |
PRINCIPAL_LIQD |
Cr |
|
Customer |
INTEREST_LIQD |
To the extent of interest to be liquidated |
Dr |
Syn_Pool |
INTEREST_LIQD |
Cr |
MRGI
Accounting Role |
Amount Tag |
Description |
Dr/Cr |
|||
Syn_Pool |
PRINCIPAL_INCR |
To the extent of re priced Amount and customer leg routes through ‘Reprice suspense GL’ |
Dr |
|
||
Customer |
PRINCIPAL_INCR |
Cr |
|
The following events are available for generation of advices:
Event |
Advice |
BOOK |
You can associate the PAYMENT_MESSAGE with this event |
INIT |
You can associate the PAYMENT_MESSAGE with this event |
FLIQ |
You can associate the BORR_FEE_ADV with this event |
LIQD |
You can associate the PAYMENT_MESSAGE with this event |
DNOT |
You can associate the DRAWDOWN_NOTC with this event |
ENOT |
You can associate the BORR_EXRT_NOTC with this event |
INOT |
You can associate the BORR_INOT_NOTC with this event |
NOTC |
You can associate the BORR_BILL_NOTC advice with this event |
ROLL |
You can associate the PAYMENT_MESSAGE with this event |
VAMB |
You can associate the PAYMENT_MESSAGE with this event |
VAMI |
You can associate the PAYMENT_MESSAGE with this even |
EXFX |
You can associate the BORR_EXFX_ADV (MT644) with this event. You need to suppress this advice for the borrower/participant drawdown product if you expect that the exchange rate details will be captured during drawdown booking and also the exchange rate details will be shared as part of Drawdown notice. |
IRFX |
You can associate the BORR_IRFX_ADV (MT644) with this event |
CAMD |
You can associate BORR_ROLL_ADV advice with this event |
SGEN |
You can associate PAYMENT_MESSAGE with this event |
ROBK |
You can associate BORR_ROLL_ADV with this event |
EXFX |
You can associate BORR_EXFX_ADV with this event |
IRFX |
You can associate BORR_IRFX_ADV with this event |
PRLQ |
You can associate PAYMENT_MESSAGE with this event |
REVN |
You can associate INT_REVN_ADV with this event |
MRFX |
You can associate INT_REVN_ADV with this event |
ROIX |
You can associate BORR_ROIX_ADV with this event |
ROEX |
You can associate BORR_ROEX_ADV with this event. You need to suppress this advice for the borrower/participant drawdown product if you expect that the exchange rate details will be captured during drawdown booking and also the exchange rate details will be shared as part of Drawdown notice. |
RNOT |
You can associate BORR_RNOT_ADV with this event |
RNET |
You can associate the PAYMENT_MESSAGE with this event |
RMNT |
You can associate the PAYMENT_MESSAGE with this event |
PNTC |
Event to generate Payment Notice and Payoff Notice |
INNC |
Event to generate Insurance Expiry Notice and 45 Day Flood Notice – Escrow and Non Escrow |
CREX |
You can associate BORR_CREX_ADV with this event. You need to suppress this advice for the borrower/participant drawdown product if you expect that the exchange rate details will be captured during drawdown booking and also the exchange rate details will be shared as part of Drawdown notice. |
The possible events and event-wise accounting entries and advices for a participant facility product is tabulated below.
The following events are available for definition of accounting entries and advices, all being propagated when the same event is triggered in respect of the related borrower side contract, unless mentioned otherwise.
Event |
Description |
BOOK |
Triggered when a facility contract is booked in the system |
FLIQ |
Triggered when fees are liquidated for a facility contract that uses the product. |
CAMD |
Triggered when a facility contract is amended |
RNDP |
Triggered on the rounding participant contract, whenever the amount collected from the borrower for a component is more than the amount disbursed to the participants because of rounding differences. |
RNDL |
Triggered on the rounding participant contract, whenever the amount collected from the borrower for a component is less than the amount disbursed to the participants because of rounding differences. |
PRAM |
Triggered when there is a change in the existing participants forming the syndication. |
NOTC |
Triggered when a billing notice is generated for the contract |
SGEN |
Triggered when a settlement message is generated for the contract. |
TXRF |
Triggered when a tax component is refunded to a participant |
TXRV |
Triggered at the time of reversing a tax refund |
The possible accounting entries for the various events are given below:
BOOK
Accounting Entries are not applicable for this event.
CAMD
Accounting Entries are not applicable for this event.
FLIQ
Accounting Role |
Amount Tag |
Dr /Cr |
CUSTOMER |
COMPONENT_LIQD |
Cr |
SYN_POOL |
COMPONENT_LIQD |
Dr |
CUSTOMER |
COMPONENT_LIQD |
Dr |
FEE-ADVINC |
COMPONENT_LIQD |
Cr |
CUSTOMER |
COMPONENT_LIQD |
Dr |
FEE-ARRINC |
COMPONENT_LIQD |
Cr |
PRAM
Accounting Entries are not applicable for this event.
RNDL
Accounting Role |
Amount Tag |
Dr /Cr |
SYN_POOL |
COMPONENT_LIQD |
Cr |
CUSTOMER |
COMPONENT_LIQD |
Dr |
RNDP
Accounting Role |
Amount Tag |
Dr /Cr |
CUSTOMER |
COMPONENT_LIQD |
Cr |
SYN_POOL |
COMPONENT_LIQD |
Dr |
RNET
Accounting Role |
AMT_TAG |
Dr/Cr |
SUSPENSE_GL |
NETAMNT_PAY |
Cr |
CUSTOMER |
NETAMNT_PAY |
Dr |
SUSPENSE_GL |
NETAMNT_RECV |
Dr |
CUSTOMER |
NETAMNT_RECV |
Cr |
NOTC
Accounting Entries are not applicable for this event.
SGEN
Accounting Entries are not applicable for this event.
TXRF
Accounting Role |
Amount Tag |
Dr /Cr |
COMPONENT_PAY |
COMPONENT_AMT |
Dr |
CUSTOMER |
COMPONENT_AMT |
Cr |
TXRV
Accounting Entries are not applicable for this event.
The following events are available for generation of advices:
Event |
Advice |
FLIQ |
You can associate PART_FEE_ADV with this event |
NOTC |
You can associate PART_BILL_NOTC with this event |
SGEN |
You can associate PAYMENT_MESSAGE with this event |
TXRF |
You can associate PAYMENT_MESSAGE with this event |
The possible events and event-wise accounting entries and advices for a participant tranche product is tabulated below.
The following events are available for definition of accounting entries and advices, all being propagated when the same event is triggered in respect of the related borrower side contract, unless mentioned otherwise.
Event |
Description |
BOOK |
Triggered when a participant tranche is booked |
FLIQ |
Triggered when fees are liquidated for a tranche that uses the product |
INIT |
Triggered when a participant tranche is initiated |
LIQD |
Triggered when any principal component is liquidated in the drawdown under the participant tranche product |
NOTC |
Triggered when a billing notice is generated for the tranche |
VAMB |
Triggered when a value dated amendment (of Principal or Maturity Date) is booked for the tranche. |
VAMI |
Triggered when a value dated amendment (of Principal or Maturity Date) becomes effective in the system. |
PRAM |
Triggered when a participant transfer occurs for the tranche. |
RNDP |
Triggered on the rounding participant contract, whenever the amount collected from the borrower for a component is more than the amount disbursed to the participants because of rounding differences. |
RNDL |
Triggered on the rounding participant contract, whenever the amount collected from the borrower for a component is less than the amount disbursed to the participants because of rounding differences. |
PRLQ |
Triggered when a payable or receivable component of the tranche is liquidated. |
RVPR |
Triggered when a payable or receivable component of the tranche is reversed. |
SGEN |
Triggered when a settlement messages are generated for the tranche |
TXRF |
Triggered when a tax component is refunded to a participant |
TXRV |
Triggered at the time of reversing a tax refund |
The possible accounting entries for the various events are given below:
BOOK
Accounting Role |
Amount Tag |
Dr /Cr |
CUSTOMER |
COMPONENT_LIQD |
Cr |
SYN_POOL |
COMPONENT_LIQD |
Dr |
INIT
Accounting Role |
Amount Tag |
Dr /Cr |
CUSTOMER |
COMPONENT_LIQD |
Cr |
SYN_POOL |
COMPONENT_LIQD |
Dr |
FLIQ
Accounting Role |
Amount Tag |
Dr/Cr |
SYN_POOL |
COMPONENT_LIQD |
Dr |
CUSTOMER |
COMPONENT_LIQD |
Cr |
CUSTOMER |
COMPONENT_LIQD |
Dr |
FEE-ADVINC |
COMPONENT_LIQD |
Cr |
CUSTOMER |
COMPONENT_LIQD |
Dr |
FEE-ARRINC |
COMPONENT_LIQD |
Cr |
CUSTOMER |
COMPONENT_LIQD |
Dr |
COMPONENT-INC |
COMPONENT_LIQD |
Cr |
COMPONENT-PAY |
COMPONENT_AMT |
Dr |
CUSTOMER |
COMPONENT_AMT |
Cr |
NOTC
Accounting Entries are not applicable for this event.
PRAM
Accounting Entries are not applicable for this event.
VAMI
Accounting Role |
Amount Tag |
Dr/Cr |
SYN_POOL |
COMPONENT_LIQD |
Dr |
CUSTOMER |
COMPONENT_LIQD |
Cr |
VAMB
Accounting Entries are not applicable for this event.
RNDP
Accounting Role |
Amount Tag |
Dr / Cr |
SYN_POOL |
COMPONENT_LIQD |
Dr |
CUSTOMER |
COMPONENT_LIQD |
Cr |
RNDL
Accounting Role |
Amount Tag |
Dr / Cr |
SYN_POOL |
COMPONENT_LIQD |
Cr |
CUSTOMER |
COMPONENT_LIQD |
Dr |
SGEN
Accounting Entries are not applicable for this event.
PRLQ
Accounting Role |
Amount Tag |
Dr /Cr |
CUSTOMER |
COMPONENT_PAY |
Cr |
SYN_POOL |
COMPONENT_PAY |
Dr |
SYN_POOL |
COMPONENT_REC |
Cr |
CUSTOMER |
COMPONENT_REC |
Dr |
RVPR
Accounting entries are not applicable for this event.
TXRF
Accounting Role |
Amount Tag |
Dr /Cr |
COMPONENT_PAY |
COMPONENT_AMT |
Dr |
CUSTOMER |
COMPONENT_AMT |
Cr |
F-TAX1_PAY |
F-TAX1_AMTRF |
DR |
CUSTOMER |
F-TAX1_AMTRF |
CR |
TXRV
Accounting Entries are not applicable for this event.
The following events are available for generation of advices:
Event |
Advice |
BOOK |
You can associate PAYMENT_MESSAGE with this event |
INIT |
You can associate PAYMENT_MESSAGE with this event |
NOTC |
You can associate PART_BILL_NOTC with this event |
FLIQ |
You can associate PART_FEE_ADV with this event |
PRAM |
You can associate PART_AMND_ADV with this event |
SGEN |
You can associate PAYMENT_MESSAGE with this even |
PRLQ |
You can associate PAYMENT _MESSAGE with this event |
TXRF |
You can associate PAYMENT_MESSAGE with this event |
The possible events and event-wise accounting entries and advices for a participant drawdown product is tabulated below.
The following events are available for definition of accounting entries and advices, all being propagated when the same event is triggered in respect of the related borrower side contract, unless mentioned otherwise.
Event |
Description |
BOOK |
Triggered when participant drawdown is booked in the system. |
FLIQ |
Triggered when fees are liquidated for a contract that uses the product. |
INIT |
Triggered when a participant drawdown gets initiated in the system |
LIQD |
Triggered when there is a repayment of the principal component under the drawdown. |
NOTC |
Triggered when a billing notice is generated for the drawdown. |
VAMB |
Triggered when a value dated amendment (of Principal or Maturity Date) is booked for the drawdown. |
VAMI |
Triggered for a drawdown when a value dated amendment is initiated or becomes effective in the system. |
IRFX |
Triggered on the date when the interest rate is fixed for the drawdown. |
EXFX |
Triggered on the date when the exchange rate is fixed for the drawdown. |
PRAM |
Triggered when a participant transfer occurs for the drawdown |
ROLL |
Triggered when a drawdown is rolled over |
INOT |
Triggered when an interest rate fixing notice is generated for the drawdown. |
ENOT |
Triggered when an exchange rate fixing notice is generated |
DNOT |
Triggered upon generation of a DD notice |
RNDP |
Triggered on the rounding participant contract, whenever the amount collected from the borrower for a component is more than the amount disbursed to the participants because of rounding differences. |
RNDL |
Triggered on the rounding participant contract, whenever the amount collected from the borrower for a component is less than the amount disbursed to the participants because of rounding differences. |
CAMD |
Triggered when a drawdown undergoes an amendment |
ERAM |
Triggered when the exchange rate of the drawdown is amended |
IRAM |
Triggered when the interest rate of the drawdown is amended |
SGEN |
Triggered when a settlement message is generated for the drawdown |
RVPR |
Triggered upon reversal of payables and receivables for a drawdown |
PRLQ |
Triggered upon liquidation of payables and receivables |
REVN |
Triggered when a back dated floating interest rate code is revised |
MRFX |
Triggered when a back dated margin rate revision occurs |
RNOT |
Triggered when capturing the rollover details for a drawdown |
ROIX |
Triggered when DD interest rate is fixed on a rollover |
ROEX |
Triggered when DD exchange rate is fixed on a rollover |
ROBK |
Triggered when rollover instruction is booked for a contract |
TXRF |
Triggered when a tax component is refunded to a participant |
TXRV |
Triggered at the time of reversing a tax refund |
SPIX |
Triggered when split re-price interest rate fixing occurs for the parent contract. |
MRGB |
Triggered when merger re-price booking occurs for the parent contract. |
SPTB |
Triggered when a split re-price booking occurs for the parent contract |
SPTI |
Triggered when a split re-price initiation occurs for the parent contract. |
RNET |
Triggered on the date rollover is fired |
RMNT |
Triggered when Payment Message generated based on settlement days(Currency) |
CREX |
Triggered when exchange rate is fixed during consolidated rollover booking |
The possible accounting entries for the various events are given below:
BOOK
Accounting Role |
Amount Tag |
Dr /Cr |
CUSTOMER |
COMPONENT_LIQD |
Cr |
SYN_POOL |
COMPONENT_LIQD |
Dr |
INIT
Accounting Role |
Amount Tag |
Dr /Cr |
SYN_POOL |
PRINCIPAL |
Cr |
CUSTOMER |
PRINCIPAL |
Dr |
CUSTOMER |
COMPONENT_LIQD |
Cr |
SYN_POOL |
COMPONENT_LIQD |
Dr |
SYN_POOL |
PRINCIPAL_ADDL |
Cr |
CUSTOMER |
PRINCIPAL_ADDL |
Cr |
SYN_POOL |
PRINCIPAL_ROIN |
Cr |
ROLL_WASH |
PRINCIPAL_ROIN |
Dr |
LIQD
Accounting Role |
Amount Tag |
Dr /Cr |
CUSTOMER |
PRINCIPAL_LIQD |
Cr |
SYN_POOL |
PRINCIPAL_LIQD |
Dr |
CUSTOMER |
COMPONENT_LIQD |
Cr |
SYN_POOL |
COMPONENT_LIQD |
Dr |
COMPONENT-TAX_PAY |
COMPONENT_AMT |
Cr |
CUSTOMER |
COMPONENT_AMT |
Dr |
SYN_POOL |
COMPONENT_LIQD |
Cr |
CUSTOMER |
COMPONENT_LIQD |
Dr |
CUSTOMER |
COMPONENT_LIQD |
Cr |
SYN_POOL |
COMPONENT_LIQD |
Dr |
Note
In the case of payable skim, the first set of entries is passed. The second set is passed for receivable skim.
FLIQ
Accounting Role |
Amount Tag |
Dr /Cr |
CUSTOMER |
COMPONENT_LIQD |
Cr |
SYN_POOL |
COMPONENT_LIQD |
Dr |
CUSTOMER |
COMPONENT_LIQD |
Cr |
SYN_POOL |
COMPONENT_LIQD |
Dr |
COMPONENT-TAX_PAY |
COMPONENT_AMT |
Cr |
CUSTOMER |
COMPONENT_AMT |
Dr |
DNOT
Accounting Entries are not applicable for this event.
ENOT
Accounting Entries are not applicable for this event.
EXFX
Accounting Entries are not applicable for this event.
INOT
Accounting Entries are not applicable for this event.
IRFX
Accounting Entries are not applicable for this event.
NOTC
Accounting Entries are not applicable for this event.
PRAM
Accounting Entries are not applicable for this event.
ROLL
Accounting Role |
Amount Tag |
Dr /Cr |
CUSTOMER |
PRINCIPAL_LIQD |
Cr |
SYN_POOL |
PRINCIPAL_LIQD |
Dr |
COMPONENT-TAX_PAY |
COMPONENT_AMT |
Cr |
CUSTOMER |
COMPONENT_AMT |
Dr |
ROLL_WASH |
PRINCIPAL_ROLL |
Cr |
SYN_POOL |
PRINCIPAL_ROLL |
Dr |
ROLL_WASH |
COMPONENT_ROLL |
Cr |
SYN_POOL |
COMPONENT_ROLL |
Dr |
SYN_POOL |
COMPONENT_LIQD (for payable skim) |
Cr |
CUSTOMER |
COMPONENT_LIQD |
Dr |
CUSTOMER |
COMPONENT_LIQD (for receivable skim) |
Cr |
SYN_POOL |
COMPONENT_LIQD |
Dr |
VAMB
Accounting Entries are not applicable for this event.
CREX
Accounting Entries are not applicable for this event.
VAMI
Accounting Role |
Amount Tag |
Dr /Cr |
CUSTOMER |
PRINCIPAL_INCR |
Cr |
SYN_POOL |
PRINCIPAL_INCR |
Dr |
RNDP
Accounting Role |
Amount Tag |
Dr / Cr |
CUSTOMER |
PRINCIPAL |
Cr |
SYN_POOL |
PRINCIPAL |
Dr |
CUSTOMER |
COMPONENT_LIQD |
Cr |
SYN_POOL |
COMPONENT_LIQD |
Dr |
CUSTOMER |
COMPONENT_PAY |
Cr |
SYN_POOL |
COMPONENT_PAY |
Dr |
RNDL
Accounting Role |
Amount Tag |
Dr / Cr |
SYN_POOL |
COMPONENT_LIQD |
Cr |
CUSTOMER |
COMPONENT_LIQD |
Dr |
SYN_POOL |
COMPONENT_REC |
Cr |
CUSTOMER |
COMPONENT_REC |
Dr |
SYN_POOL |
PRINCIPAL |
Cr |
CUSTOMER |
PRINCIPAL |
Dr |
CAMD
Accounting Entries are not applicable for this event.
ERAM
Accounting Entries are not applicable for this event.
IRAM
Accounting Entries are not applicable for this event.
SGEN
Accounting Entries are not applicable for this event.
PRLQ
Accounting Role |
Amount Tag |
Dr /Cr |
CUSTOMER |
COMPONENT_PAY |
Cr |
CUSTOMER |
COMPONENT_REC |
Dr |
SYN_POOL |
COMPONENT_PAY |
Dr |
SYN_POOL |
COMPONENT_REC |
Cr |
RVPR
Accounting entries are not applicable for this event.
REVN
Accounting Entries are not applicable for this event.
MRFX
Accounting Entries are not applicable for this event.
ROBK
Accounting Entries are not applicable for this event.
ROEX
Accounting Entries are not applicable for this event.
ROIX
Accounting Entries are not applicable for this event.
RNOT
Accounting Entries are not applicable for this event.
SPTI
Accounting Role |
Amount Tag |
Description |
Cr/Dr |
Customer |
PRINCIPAL_SPTI |
To the extent of the re-priced amount and customer leg routes through re-price suspense GL. |
Cr |
Syn_Pool |
PRINCIPAL_SPTI |
Dr |
|
Customer |
PRINCIPAL_LIQD |
To the extent
of the residual principal |
Cr |
Syn_Pool |
PRINCIPAL_LIQD |
Dr |
|
Customer |
INTEREST_LIQD |
To the extent of interest to be liquidated |
Cr |
Syn_Pool |
INTEREST_LIQD |
Dr |
MRLQ
Accounting Role |
Amount Tag |
Description |
Cr/Dr |
Customer |
PRINCIPAL_MRLQ |
To the extent of re priced Amount and customer leg routes through ‘Reprice suspense GL’. |
Cr |
Syn_Pool |
PRINCIPAL_MRLQ |
Dr |
|
Customer |
PRINCIPAL_LIQD |
To the extent of residual principal (Principal O/S – Re-priced amount) |
Cr |
Syn_Pool |
PRINCIPAL_LIQD |
Dr |
|
Customer |
INTEREST_LIQD |
To the extent of interest to be liquidated |
Cr |
Syn_Pool |
INTEREST_LIQD |
Dr |
MRGI
Accounting Role |
Amount Tag |
Description |
Dr/Cr |
Syn_Pool |
PRINCIPAL_INCR |
To the extent of re priced Amount and customer leg routes through ‘Reprice suspense GL’ |
Cr |
Customer |
PRINCIPAL_INCR |
Dr |
TXRF
Accounting Role |
Amount Tag |
Dr /Cr |
COMPONENT_PAY |
COMPONENT_AMT |
Dr |
CUSTOMER |
COMPONENT_AMT |
Cr |
TXRV
Accounting Entries are not applicable for this event.
RNET
Accounting Role |
AMT_TAG |
Dr/Cr |
SUSPENSE_GL |
NETAMNT_PAY |
Cr |
CUSTOMER |
NETAMNT_PAY |
Dr |
SUSPENSE_GL |
NETAMNT_RECV |
Dr |
CUSTOMER |
NETAMNT_RECV |
Cr |
The following events are available for generation of advices:
Event |
Advice |
BOOK |
You can associate PAYMENT_MESSAGE with this event |
INIT |
You can associate PAYMENT_MESSAGE with this event |
FLIQ |
You can associate PART_FEE_ADV with this event |
LIQD |
You can associate PAYMENT_MESSAGE with this event |
DNOT |
You can associate PART_DDOWN_NOTC with this event |
ENOT |
You can associate PART_EXRT_NOTC with this event |
INOT |
You can associate PART_INOT_NOTC with this event |
EXFX |
You can associate PART_EXFX_ADV (MT644) with this event. You need to suppress this advice for the borrower/participant drawdown product if you expect that the exchange rate details are captured during drawdown booking and also the exchange rate details are shared as part of drawdown notice. |
IRFX |
You can associate PART_IRFX_ADV (MT644) with this event |
NOTC |
You can associate PART_BILL_NOTC with this event |
PRAM |
You can associate PART_AMND_ADV with this event |
ROLL |
You can associate PAYMENT_MESSAGE with this event |
CAMD |
You can associate PART_ROLL_ADV with this event |
SGEN |
You can associate PAYMENT_MESSAGE with this event |
PRLQ |
You can associate PAYMENT_MESSAGE with this event |
REVN |
You can associate INT_REVN_ADV with this event |
MRFX |
You can associate INT_REVN_ADV with this event |
ROEX |
You can associate PART_ROEX_ADV with this event. You need to suppress this advice for the borrower/participant drawdown product if you expect that the exchange rate details are captured during drawdown booking and also the exchange rate details are shared as part of Drawdown notice. |
ROIX |
You can associate PART_ROIX_ADV with this event |
RNOT |
You can associate PART_RNOT_ADV with this event |
TXRF |
You can associate PAYMENT_MESSAGE with this event |
RNET |
You can associate PAYMENT_MESSAGE with this event |
RMNT |
You can associate PAYMENT_MESSAGE with this event |
CREX |
You can associate PART_CREX_ADV with this event. You need to suppress this advice for the borrower/participant drawdown product if you expect that the exchange rate details are captured during drawdown booking and also the exchange rate details are shared as part of Drawdown notice. |
Dr/Cr |
Accounting Role |
Amount Tag |
Remarks |
Debit |
SYN_POOL |
FUND_PRINC |
Direct funding without fronting |
Credit |
CUSTOMER |
FUND_PRINC |
|
Debit |
SYN_POOL |
FRONT_PRINC |
Funding due to bank Fronting |
Credit |
CUSTOMER |
FRONT_PRINC |
|
The Payment message is linked to BPMT event for payment message generation at the time of disbursement for the borrower contract.
Dr/Cr |
Accounting Role |
Amount Tag |
Remarks |
Debit |
CUSTOMER |
FUND_PRINC |
Direct funding without fronting |
Credit |
SYN_POOL |
FUND_PRINC |
|
Debit |
SIGHTING_FUND_GL |
FRONT_PRINC |
Funding due to bank Fronting |
Credit |
SYN_POOL |
FRONT_PRINC |
|
Debit |
CUSTOMER |
FUND_FRONT |
Funding against bank fronting |
Credit |
SIGHTING_FUND_GL |
FUND_FRONT |
|
Dr/Cr |
Accounting Role |
Amount Tag |
Remarks |
Debit |
CUSTOMER |
PRINCIPAL_FUND |
Principal amount – directly funded by borrower |
Credit |
SYN_POOL |
PRINCIPAL_FUND |
|
Debit |
SIGHTING_FUND_GL |
PRINCIPAL_FRNT |
Principal amount - fronted by bank |
Credit |
SYN_POOL |
PRINCIPAL_FRNT |
|
Debit |
CUSTOMER |
PRINCIPAL_FNFR |
Principal amount – Borrower to bank for fronting |
Credit |
SIGHTING_FUND_GL |
PRINCIPAL_FNFR |
|
Debit |
SF_SUSPENSE_GL |
PRINCIPAL_UFND |
Liquidation of unfunded amount |
Credit |
SYN_POOL |
PRINCIPAL_UFND |
|
Debit |
CUSTOMER |
MAIN-INT_FUND |
Liquidation of main interest component – directly funded by borrower |
Credit |
SYN_POOL |
MAIN-INT_FUND |
|
Debit |
SIGHTING_FUND_GL |
MAIN-INT_FRNT |
Liquidation of main interest component - fronted by bank |
Credit |
SYN_POOL |
MAIN-INT_FRNT |
|
Debit |
CUSTOMER |
MAIN-INT_FNFR |
Liquidation of main interest component– Borrower to bank for fronting |
Credit |
SIGHTING_FUND_GL |
MAIN-INT_FNFR |
|
Debit |
PNL Account |
COMP-INT_FUND |
Liquidation of main interest component – directly funded by borrower |
Credit |
CUSTOMER |
COMP-INT_FUND |
|
Debit |
PNL Account |
COMP-INT_FRNT |
Liquidation of main interest component - fronted by bank |
Credit |
SIGHTING_FUND_GL |
COMP-INT_FRNT |
|
Debit |
SIGHTING_FUND_GL |
COMP-INT_FNFR |
Liquidation of main interest component– Borrower to bank for fronting |
Credit |
CUSTOMER |
COMP-INT_FNFR |
|
Debit |
CUSTOMER |
FEE-COMP_FUND |
Liquidation of FEE component – directly funded by borrower |
Credit |
SYN_POOL |
FEE-COMP_FUND |
|
Debit |
SIGHTING_FUND_GL |
FEE-COMP_FRNT |
Liquidation of FEE component - fronted by bank |
Credit |
SYN_POOL |
FEE-COMP_FRNT |
|
Debit |
CUSTOMER |
FEE-COMP_FNFR |
Liquidation of FEE component– Borrower to bank for fronting |
Credit |
SIGHTING_FUND_GL |
FEE-COMP_FNFR |
|
Dr/Cr |
Accounting Role |
Amount Tag |
Remarks |
Debit |
SYN_POOL |
FUND_LIQD |
Liquidation of amount funded directly without fronting |
Credit |
CUSTOMER |
FUND_LIQD |
|
Debit |
SYN_POOL |
FRONT_LIQD |
Liquidation of amount funded due to bank fronting |
Credit |
SIGHTING_FUND_GL |
FRONT_LIQD |
|
Debit |
SYN_POOL |
UNFUND_LIQD |
Liquidation of unfunded amount |
Credit |
SF_SUSPENSE_GL |
UNFUND_LIQD |
|
Debit |
SYN_POOL |
MAIN-INT_LIQD |
Liquidation of main interest component |
Credit |
CUSTOMER |
MAIN-INT_LIQD |
|
Debit |
CUSTOMER |
COMP-INT_LIQD |
Liquidation of compensatory component |
Credit |
PNL Account |
COMP-INT_LIQD |
|
Debit |
SYN_POOL |
FEE-COMP_LIQD |
Liquidation of FEE component |
Credit |
CUSTOMER |
FEE-COMP_LIQD |
|
The Payment message is linked to PPMT event for payment message generation at the time of repayment.
Accounting entry Examples:
Assume the contract is booked with amount of 2M with value date 01-JAN-2008, Maturity date 31-JAN-2008 with participants P1, P2, P3 with asset sharing ratio as 30, 20, 50 accordingly. (Example explained in appendix 3.4)
Participant |
Asset Sharing ratio |
Amount |
P1 |
30 |
0.6M |
P2 |
20 |
0.4M |
P3 |
50 |
1M |
On INIT of Drawdown, the following are the accounting entries:
Borrower:
Ref No |
Value Date |
Accounting role |
DR/CR |
Amount |
Amount Tag |
C1 |
01-Jan-08 |
SYN_POOL |
D |
2M |
PRINCIPAL |
C1 |
01-Jan-08 |
SF_SUSPENSE_GL |
C |
2M |
PRINCIPAL |
Participants:
P1
Ref No |
Value Date |
Accounting role |
DR/CR |
Amount |
Amount Tag |
P1 |
01-Jan-08 |
SYN_POOL |
C |
0.6M |
PRINCIPAL |
P1 |
01-Jan-08 |
SF_SUSPENSE_GL |
D |
0.6M |
PRINCIPAL |
P2
Ref No |
Value Date |
Accounting role |
DR/CR |
Amount |
Amount Tag |
P2 |
01-Jan-08 |
SYN_POOL |
C |
0.4M |
PRINCIPAL |
P2 |
01-Jan-08 |
SF_SUSPENSE_GL |
D |
0.4M |
PRINCIPAL |
P3
Ref No |
Value Date |
Accounting role |
DR/CR |
Amount |
Amount Tag |
P3 |
01-Jan-08 |
SYN_POOL |
C |
1M |
PRINCIPAL |
P3 |
01-Jan-08 |
SF_SUSPENSE_GL |
D |
1M |
PRINCIPAL |
Funding by few more investors and bank is fronting for few investors
The total amount to be disbursed to the borrower on value date will be 0.4M + 1M = 1.4M.
Participant |
Asset Sharing Ratio |
Amount |
Fronting |
Actual Receipt Date |
Funding amount |
Borrower Disbursement amount |
P1 |
30 |
0.6M |
N |
01-Jan-08 |
0M |
0M |
P2 |
20 |
0.4M |
Y |
01-Jan-08 |
0M |
0.4M |
P3 |
50 |
1M |
N |
01-Jan-08 |
1M |
1M |
BPMT accounting entry are as follows:
Ref No |
Value Date |
Accounting role |
DR/CR |
Amount |
Amount Tag |
C1 |
01-Jan-08 |
SYN_POOL |
D |
1M |
FUND_PRINC |
C1 |
01-Jan-08 |
CUSTOMER |
C |
1M |
FUND_PRINC |
C1 |
01-Jan-08 |
SYN_POOL |
D |
0.4M |
FRONT_PRINC |
C1 |
01-Jan-08 |
CUSTOMER |
C |
0.4M |
FRONT_PRINC |
Participants:
P2
Ref No |
Value Date |
Accounting role |
DR/CR |
Amount |
Amount Tag |
P2 |
01-Jan-08 |
SYN_POOL |
C |
0.4M |
FRONT_PRINC |
P2 |
01-Jan-08 |
SIGHTING_FUND_GL |
D |
0.4M |
FRONT_PRINC |
P3
Ref No |
Value Date |
Accounting role |
DR/CR |
Amount |
Amount Tag |
P3 |
01-Jan-08 |
SYN_POOL |
C |
1M |
FUND_PRINC |
P3 |
01-Jan-08 |
CUSTOMER |
D |
1M |
FUND_PRINC |
Assume Prepayment of 1M happens on 07-Jan-08.
Funding Amount Paid = 1M
Amount Paid = 1M*2M/1.4M = 1,428,571.43
Contract Balance = 2M - 1,428,571.43 = 571,428.57
Borrower Funded = 1.4M – 1M = 0.4M
Borrower UnFunded = 571,428.57 – 0.4M = 171,428.57
Rate = 10%
The accounting entries for the LIQD event is as follows:
Borrower:
Ref No |
Value Date |
Accounting role |
DR/CR |
Amount |
Amount Tag |
C1 |
07-Jan-08 |
SYN_POOL |
C |
1,428,571.43 |
PRINCIPAL_LIQD |
C1 |
07-Jan-08 |
SF_SUSPENSE_GL |
D |
1,428,571.43 |
PRINCIPAL_LIQD |
Participants:
P1
Ref No |
Value Date |
Accounting role |
DR/CR |
Amount |
Amount Tag |
P1 |
07-Jan-08 |
SYN_POOL |
D |
428,571.43 |
PRINCIPAL_LIQD |
P1 |
07-Jan-08 |
SF_SUSPENSE_GL |
C |
428,571.43 |
PRINCIPAL_LIQD |
P2
Ref No |
Value Date |
Accounting role |
DR/CR |
Amount |
Amount Tag |
P2 |
07-Jan-08 |
SYN_POOL |
D |
285,714.29 |
PRINCIPAL_LIQD |
P2 |
07-Jan-08 |
SF_SUSPENSE_GL |
C |
285,714.29 |
PRINCIPAL_LIQD |
P3
Ref No |
Value Date |
Accounting role |
DR/CR |
Amount |
Amount Tag |
P3 |
07-Jan-08 |
SYN_POOL |
D |
714,285.71 |
PRINCIPAL_LIQD |
P3 |
07-Jan-08 |
SF_SUSPENSE_GL |
C |
714,285.71 |
PRINCIPAL_LIQD |
P1 unfunded amount = .6M - 428,571.43 = 171,428.57
P2 unfunded amount = 0.4M – 285,714.29 = 114,285.71
Total Participant unfunded amount = 285,714.29
Payment to the investors upon Borrower funding
Accounting Entries for PPMT event is as follows:
Borrower:
Ref No |
Value Date |
Accounting role |
DR/CR |
Amount |
Amount Tag |
C1 |
07-Jan-08 |
CUSTOMER |
D |
1,000,000 |
PRINCIPAL_FUND |
C1 |
07-Jan-08 |
SYN_POOL |
C |
1,000,000 |
PRINCIPAL_FUND |
C1 |
07-Jan-08 |
SF_SUSPENSE_GL |
D |
428,571.43 |
PRINCIPAL_UFND |
C1 |
07-Jan-08 |
SYN_POOL |
C |
428,571.43 |
PRINCIPAL_UFND |
Participants:
P1
Ref No |
Value Date |
Accounting role |
DR/CR |
Amount |
Amount Tag |
P1 |
07-Jan-08 |
SYN_POOL |
D |
428,571.43 |
UNFUND _LIQD |
P1 |
07-Jan-08 |
SF_SUSPENSE_GL |
C |
428,571.43 |
UNFUND _LIQD |
P2
Ref No |
Value Date |
Accounting role |
DR/CR |
Amount |
Amount Tag |
P2 |
07-Jan-08 |
SYN_POOL |
D |
285,714.29 |
FRONT_LIQD |
P2 |
07-Jan-08 |
SIGHTING_FUND_GL |
C |
285,714.29 |
FRONT_LIQD |
P3
Ref No |
Value Date |
Accounting role |
DR/CR |
Amount |
Amount Tag |
P3 |
07-Jan-08 |
SYN_POOL |
D |
714,285.71 |
FUND_LIQD |
P3 |
07-Jan-08 |
CUSTOMER |
C |
714,285.71 |
FUND_LIQD |
At a later point of time on 08-Jan-2008, complete funding of 285,714.29 is happening from participant P1 and P2 for 171,428.57 and 114,285.71 respectively. BPMT event will be fired for Borrower and participant P1 and P2 on authorization of the funding information capturing in the Payment Processing browser.
Contract Balance = 571,428.57
Borrower Funded Amount = 0.4M + 171,428.57 = 571,428.57
Borrower UnFunded Amount = 571,428.57 - 571,428.57 = 0
The accounting entries for the new BPMT event will be as follows:
Borrower:
Ref No |
Value Date |
Accounting role |
DR/CR |
Amount |
Amount Tag |
C1 |
08-Jan-08 |
SYN_POOL |
D |
171,428.57 |
FUND_PRINC |
C1 |
08-Jan-08 |
CUSTOMER |
C |
171,428.57 |
FUND_PRINC |
Participants:
Ref No |
Value Date |
Accounting role |
DR/CR |
Amount |
Amount Tag |
P1 |
08-Jan-08 |
SYN_POOL |
C |
171,428.57 |
FUND_PRINC |
P1 |
08-Jan-08 |
CUSTOMER |
D |
171,428.57 |
FUND_PRINC |
Ref No |
Value Date |
Accounting role |
DR/CR |
Amount |
Amount Tag |
P2 |
08-Jan-08 |
SIGHTING_FUND_GL |
C |
114,285.71 |
FUND_FRONT |
P2 |
08-Jan-08 |
CUSTOMER |
D |
114,285.71 |
FUND_FRONT |
P1 unfunded amount = 171,428.57- 171,428.57 = 0
P2 unfunded amount = 114,285.71 – 114,285.71 = 0
Total Participant unfunded amount = 0
On LIQD of the remaining amount on Maturity Date 31-Jan-08,
Funding Amount Paid = 571,428.57
Amount Paid = 571,428.57*571,428.57 / 571,428.57= 571,428.57
Contract Balance = 571,428.57 - 571,428.57 = 0
Borrower Funded = 571,428.57 - 571,428.57 = 0
Borrower UnFunded = 0
Rate = 10%
The following will be the accounting entry.
Borrower:
Ref No |
Value Date |
Accounting role |
DR/CR |
Amount |
Amount Tag |
C1 |
31-Jan-08 |
SYN_POOL |
C |
571,428.57 |
PRINCIPAL_LIQD |
C1 |
31-Jan-08 |
SF_SUSPENSE_GL |
D |
571,428.57 |
PRINCIPAL_LIQD |
C1 |
31-Jan-08 |
SYN_POOL |
C |
7,045.01 |
MAIN-INT_LIQD |
C1 |
31-Jan-08 |
SF_SUSPENSE_GL |
D |
7,045.01 |
MAIN-INT_LIQD |
Participants:
P1
Ref No |
Value Date |
Accounting role |
DR/CR |
Amount |
Amount Tag |
P1 |
31-Jan-08 |
SYN_POOL |
D |
171,428.57 |
PRINCIPAL_LIQD |
P1 |
31-Jan-08 |
SF_SUSPENSE_GL |
C |
171,428.57 |
PRINCIPAL_LIQD |
P1 |
31-Jan-08 |
SYN_POOL |
D |
2,113.50 |
MAIN-INT_LIQD |
P1 |
31-Jan-08 |
SF_SUSPENSE_GL |
C |
2,113.50 |
MAIN-INT_LIQD |
P2
Ref No |
Value Date |
Accounting role |
DR/CR |
Amount |
Amount Tag |
P2 |
31-Jan-08 |
SYN_POOL |
D |
114,285.71 |
PRINCIPAL_LIQD |
P2 |
31-Jan-08 |
SF_SUSPENSE_GL |
C |
114,285.71 |
PRINCIPAL_LIQD |
P2 |
31-Jan-08 |
SYN_POOL |
D |
1,409.00 |
MAIN-INT_LIQD |
P2 |
31-Jan-08 |
SF_SUSPENSE_GL |
C |
1,409.00 |
MAIN-INT_LIQD |
P3
Ref No |
Value Date |
Accounting role |
DR/CR |
Amount |
Amount Tag |
P3 |
31-Jan-08 |
SYN_POOL |
D |
285,714.29 |
PRINCIPAL_LIQD |
P3 |
31-Jan-08 |
SF_SUSPENSE_GL |
C |
285,714.29 |
PRINCIPAL_LIQD |
P3 |
31-Jan-08 |
SYN_POOL |
D |
3,522.50 |
MAIN-INT_LIQD |
P3 |
31-Jan-08 |
SF_SUSPENSE_GL |
C |
3,522.50 |
MAIN-INT_LIQD |
Bank is fronting for the maturity schedule payment on 31-Jan-08.
PPMT accounting entries are as follows:
Borrower
Ref No |
Value Date |
Accounting role |
DR/CR |
Amount |
Amount Tag |
C1 |
31-Jan-08 |
SIGHTING_FUND_GL |
D |
571,428.57 |
PRINCIPAL_FRNT |
C1 |
31-Jan-08 |
SYN_POOL |
C |
571,428.57 |
PRINCIPAL_FRNT |
C1 |
31-Jan-08 |
SIGHTING_FUND_GL |
D |
7,045.01 |
MAIN-INT_FRNT |
C1 |
31-Jan-08 |
SYN_POOL |
C |
7,045.01 |
MAIN-INT_FRNT |
C1 |
31-Jan-08 |
SIGHTING_FUND_GL |
C |
1,033.27 |
COMP-INT_FRNT |
C1 |
31-Jan-08 |
PNL Account |
D |
1,033.27 |
COMP-INT_FRNT |
Participants:
P1
Ref No |
Value Date |
Accounting role |
DR/CR |
Amount |
Amount Tag |
P1 |
31-Jan-08 |
SYN_POOL |
D |
171,428.57 |
FUND_LIQD |
P1 |
31-Jan-08 |
CUSTOMER |
C |
171,428.57 |
FUND_LIQD |
P1 |
31-Jan-08 |
SYN_POOL |
D |
2,113.50 |
MAIN-INT_LIQD |
P1 |
31-Jan-08 |
CUSTOMER |
C |
2,113.50 |
MAIN-INT_LIQD |
P1 |
31-Jan-08 |
PNL Account |
C |
1,033.27 |
COMP-INT_LIQD |
P1 |
31-Jan-08 |
CUSTOMER |
D |
1,033.27 |
COMP-INT_LIQD |
P2
Ref No |
Value Date |
Accounting role |
DR/CR |
Amount |
Amount Tag |
P2 |
31-Jan-08 |
SYN_POOL |
D |
114,285.71 |
FUND_LIQD |
P2 |
31-Jan-08 |
CUSTOMER |
C |
114,285.71 |
FUND_LIQD |
P2 |
31-Jan-08 |
SYN_POOL |
D |
1,409.00 |
MAIN-INT_LIQD |
P2 |
31-Jan-08 |
CUSTOMER |
C |
1,409.00 |
MAIN-INT_LIQD |
P2 |
31-Jan-08 |
PNL Account |
C |
688.85 |
COMP-INT_LIQD |
P2 |
31-Jan-08 |
CUSTOMER |
D |
688.85 |
COMP-INT_LIQD |
P3
Ref No |
Value Date |
Accounting role |
DR/CR |
Amount |
Amount Tag |
P3 |
31-Jan-08 |
SYN_POOL |
D |
285,714.29 |
FUND_LIQD |
P3 |
31-Jan-08 |
CUSTOMER |
C |
285,714.29 |
FUND_LIQD |
P3 |
31-Jan-08 |
SYN_POOL |
D |
3,522.50 |
MAIN-INT_LIQD |
P3 |
31-Jan-08 |
CUSTOMER |
C |
3,522.50 |
MAIN-INT_LIQD |
Note: In the above case the residual amount in the PNL account will be the bank PNL for the fronting amount.
On 31-Jan-08, Borrower funds for the maturity schedule payment.
The new PPMT accounting entries are as follows:
Borrower:
Ref No |
Value Date |
Accounting role |
DR/CR |
Amount |
Amount Tag |
C1 |
31-Jan-08 |
CUSTOMER |
D |
571,428.57 |
PRINCIPAL_FNFR |
C1 |
31-Jan-08 |
SIGHTING_FUND_GL |
C |
571,428.57 |
PRINCIPAL_FNFR |
C1 |
31-Jan-08 |
CUSTOMER |
D |
7,045.01 |
MAIN-INT_FNFR |
C1 |
31-Jan-08 |
SIGHTING_FUND_GL |
C |
7,045.01 |
MAIN-INT_FNFR |
C1 |
31-Jan-08 |
SIGHTING_FUND_GL |
D |
1,033.27 |
COMP-INT_FNFR |
C1 |
31-Jan-08 |
CUSTOMER |
C |
1,033.27 |
COMP-INT_FNFR |
There will not be any entries on the participant side.
The following accounting entries need to be maintained for ‘LIQD’ and ‘SPWV’ events at loan product level to process late payment charges.
Accounting Role |
Amount Tag |
Dr./Cr. Indicator |
CUSTOMER |
<Special Penalty Component>_LIQD |
Debit |
<Special Penalty Component>INC |
<Special Penalty Component>_LIQD |
Credit |
Accounting Role |
Amount Tag |
Dr./Cr. Indicator |
ADJMNT_GL |
<Special Penalty Component>_WAIV |
Debit |
ADJMNT_GL_OFF |
<Special Penalty Component>_WAIV |
Credit |
Accounting Role |
Amount Tag |
Dr./Cr. Indicator |
CUSTOMER |
<Special Penalty Component>_PAY |
Credit |
<Special Penalty Component>PAY |
<Special Penalty Component>_PAY |
Debit |
CUSTOMER |
<Special Penalty Component>_REC |
Debit |
<Special Penalty Component>REC |
<Special Penalty Component>_REC |
Credit |
Accounting entries for RSPW event is derived by the system from the entries defined for SPWV.
Accounting Role |
Amount Tag |
Dr./Cr. Indicator |
ADJMNT_GL |
<Special Penalty Component>_WAIV |
Credit |
ADJMNT_GL_OFF |
<Special Penalty Component>_WAIV |
Debit |
Accounting Role |
Amount Tag |
Dr/Cr |
Customer |
TaxComponent_AMT |
Dr |
TaxComponent_PAY |
TaxComponent_AMT |
Cr |
For a Participant Product, the following accounting entries are expected to be added to the events associated with the tax components.
Accounting Role |
Amount Tag |
Dr/Cr |
TaxComponent_PAY |
TaxComponent_AMT |
Dr |
Customer |
TaxComponent_AMT |
Cr |
For an OL Product mapped to LB product, the following accounting entries are expected to be added to the events associated with the tax components.
Accounting Role |
Amount Tag |
Dr/Cr |
Customer |
TaxComponent_AMT |
Dr |
TaxComponent_PAY |
TaxComponent_AMT |
Cr |
Amount Tag |
Accounting Role |
Dr./Cr. Indicator |
INTEREST_LIQD |
SYND_POOL |
Debit |
INTEREST_LIQD |
CUSTOMER |
Credit |
INTFATCA_AMT |
Customer |
Debit |
INTFATCA_AMT |
FATCATAXGL |
Credit |
DEFAUL_AMT |
Customer |
Debit |
DEFAUL_AMT |
TAX GL |
Credit |
Accounting Role |
Amount Tags |
Dr/Cr. Indicator |
Description |
SYN_POOL |
INT_LIQD |
Cr |
These entries relate to Buyer in the Sell trade for an Agent case with Deal type as Assignment |
CUSTOMER |
INT_LIQD |
Dr |
|
SYN_POOL |
INT_LIQD |
Dr |
These entries relate to Seller in the Sell trade for an Agent case with Deal type as Assignment |
CUSTOMER |
INT_LIQD |
Cr |
Silent Participant side
Accounting Role |
Amount Tags |
Dr/Cr. Indicator |
Description |
SYN_POOL |
INT_LIQD |
Cr |
These entries relate to Buyer (Silent Participant) in the Sell trade for an Agent case with Deal type as Assignment |
CUSTOMER |
INT_LIQD |
Dr |
|
SYN_POOL |
INT_LIQD |
Dr |
These entries relate to Seller in the Sell trade for an Agent case with Deal type as Assignment |
CUSTOMER |
INT_LIQD |
Cr |
Accounting Role |
Amount Tags |
Dr/Cr. Indicator |
Description |
SYN_POOL |
INT_LIQD |
Cr |
These entries relate to Buyer in the Buy trade for an Agent case with Deal type as Assignment |
CUSTOMER |
INT_LIQD |
Dr |
|
SYN_POOL |
INT_LIQD |
Dr |
These entries relate to Seller in the Buy trade for an Agent case with Deal type as Assignment |
CUSTOMER |
INT_LIQD |
Cr |
Accounting Role |
Amount Tags |
Dr/Cr. Indicator |
Description |
SYN_POOL |
INT_LIQD |
Cr |
These entries relate to Buyer in the Sell trade for an Participant case with Deal type as Participant |
CUSTOMER |
INT_LIQD |
Dr |
|
SYN_POOL |
INT_LIQD |
Dr |
These entries relate to Seller in the Sell trade for an Participant case with Deal type as Participant |
CUSTOMER |
INT_LIQD |
Cr |
Agent case
Accounting Role |
Amount Tags |
Dr/Cr. Indicator |
Description |
SYN_POOL |
INT_LIQD |
Cr |
These entries relate to Buyer in the Sell Participant transfer for an Agent case |
CUSTOMER |
INT_LIQD |
Dr |
|
SYN_POOL |
INT_LIQD |
Dr |
These entries relate to Seller in the Sell Participant transfer for an Agent case |
CUSTOMER |
INT_LIQD |
Cr |
Participant case
Accounting Role |
Amount Tags |
Dr/Cr. Indicator |
Description |
SYN_POOL |
INT_LIQD |
Cr |
These entries relate to Buyer in the Sell Participant transfer for an Participant case |
CUSTOMER |
INT_LIQD |
Dr |
|
SYN_POOL |
INT_LIQD |
Dr |
These entries relate to Seller in the Sell Participant transfer for an Participant case |
CUSTOMER |
INT_LIQD |
Cr |
Accounting Role |
Amount Tag |
Dr/Cr |
Customer |
FeeComponent_LIQD |
Dr |
FeeComponent_PAY |
FeeComponent_LIQD |
Cr |
For an OL Product mapped to LB product, the following accounting entries are expected to be added to the events associated with the fee components.
Accounting Role |
Amount Tag |
Dr/Cr |
FeeComponent_PGL |
FeeComponent_LIQD |
Dr |
Customer |
FeeComponent_LIQD |
Cr |
Accounting Role |
Amount Tag |
Dr/Cr |
FeeComponent_EXP |
FeeComponent_ACCR |
Dr |
FeeComponent_PGL |
FeeComponent_ACCR |
Cr |
Accounting Role |
Amount Tag |
Dr/Cr |
FeeComponent_EXP |
FeeComponent_LIQD |
Dr |
Customer |
FeeComponent_LIQD |
Cr |
The following error codes are available for collateralized participant details:
Error Code |
Message |
LB-DDS-000 |
Participant/Collateral % ($1) cannot Be null |
LB-COL-005 |
Percentage should be between 0 and 100 |
LB-COL-006 |
Collateral $1 mnemonic is not maintained |
LB-COL-007 |
Collateral $1 contract is yet to be created |
LB-COL-008 |
Collateral percentage is not maintained. |
LB-COL-009 |
Total collateral available amount is going negative. |
LB-COL-010 |
Collateral $1 product is not maintained. |
LB-COL-011 |
Collateral $1 counterparty is not maintained. |
The following error codes are available for base rate propagation/validation of Floor and Ceiling:
Error Code |
Message |
LB-FLR-036 |
Rate is lesser than the Floor defined at Tranche. Do you want to add the difference with the Margin Adjustment component (which is maintained at the tranche level)? |
LB-FLR-037 |
Rate is greater than the Ceiling defined at Tranche. Do you want to negate the difference of the rate and ceiling value with Margin Adjustment component? |
LB-FLR-038 |
Margin Adjustment Component cannot be blank |
LB-FLR-039 |
Floor and Ceiling Maintenance Exists, Flag cannot be Changed |
LB-FLR-040 |
Floor/Ceiling Propagation not initiated as interest rate is not fixed till the latest floor/ceiling maintenance date |
The following error codes are available for validating and handling exceptions for Markit Trade Settlement:
Error Code |
Message |
LB-MKT-01 |
Buyer and Seller cannot be same |
LB-MKT-02 |
Cusip $1 under Markit trade id $2 is in rejected state |
LB-MKT-03 |
Tranche $1 under the trade id is in rejected state |
LB-MKT-05 |
Failed in Position Update Notice generation/handoff processing for Markit Trades |
LB-MKT-06 |
Failed in validating the conditions to block the current events for the contract |
LB-MKT-07 |
Participant Transfer PositionUpdateNotice sent to Markit and participant transfer is pending for processing in Agency for Tranche $1. Operation Not Allowed |
LB-MKT-08 |
SyndicatedLoanTradeNoticeAgent/ TradeMatchNotice messages not received earlier for Markit Trade Id $1. Cannot process TradeUpdateNotofication |
LB-MKT-09 |
Markit Trade id received is already closed in agency confirmation browser. |
LB-MKT-10 |
Markit Trade Identifier maintenance not exists |
LB-MKT-11 |
Markit Trade id not found in tag list |
LB-MKT-12 |
More than one Markit trade Id found in the tag value. Message Rejected |
LB-MKT-13 |
SyndicatedLoanTradeAllocation message not received earlier for Markit Trade Id /Allocation id |
LB-MKT-35 |
Markit trade id $1 is already in Cancelled/Removed state |
TL-MKT-38 |
TradeMatchNotice/SyndicatedLoanTradeAllocation message not received earlier for Markit Trade Id $1. Cannot process SettlementDetailsNotice |
TL-MKT-39 |
Earlier closed allocations are not part of the current allocation message |
TL-MKT-40 |
Markit Trade Id $1 has been replaced by Markit Trade Id $2 |
TL-MKT-41 |
Allocation id $1 is already settled under Markit Trade Id $2. |
TL-MKT-42 |
TradeMatchNotice not allowed after one of the previous allocation is closed. Suspension should come first |
TL-MKT-43 |
Settlement detail should come allocation wise, once allocation message has already been received |
TL-MKT-44 |
Allocation Messages yet to be received for Markit trade id $1 after Suspension |
System gives an override message during the following transactions:
The error messages available for the above transactions are given below:
Error Code |
Message |
MS-FPML-120 |
This back valued transaction has an impact on Participant position. Please regenerate FpML Position update message manually from Adhoc screen. |
MS-FPML-121 |
Drawdown and/or Participant selection is already done for Position update notice, changing Notice name deletes these details |
MS-FPML-201 |
Please save/cancel the current record and move to the next record. |
MS-FPML-202 |
User can unlock only the records with processing status as Failed/Enrich/Pending Authentication. |
MS-FPML-203 |
Processing Status $1. |
MS-FPML-204 |
Error while getting the Margin Component. |
MS-FPML-206 |
$1 is lesser than the $2 Value Date. |
MS-FPML-207 |
$1 is greater than the $2 Maturity Date. |
MS-FPML-208 |
Value Date $1. |
MS-FPML-209 |
$1 is greater than Tranche available amount. |
MS-FPML-210 |
$1 is not allowed. |
MS-FPML-211 |
Start Date $1. |
MS-FPML-212 |
Effective Date $1. |
MS-FPML-213 |
$1 is not same to each other. |
MS-FPML-214 |
Payment Date $1. |
MS-FPML-215 |
Sum of Principal and Interest payment Amount of Parent contract is not equal to sum of Amount of all Child contracts. |
MS-FPML-216 |
$1 cannot be changed, when $2 is already changed from $3. |
MS-FPML-217 |
Fee Type is invalid. |
MS-FPML-218 |
Difference in scheduled $1 amount is greater or less than the threshold of $1 |
MS-FPML-220 |
This message Id is already processed. Please Reverse the subsequent Agency event and reprocess. |
MS-FPML-221 |
The SSI mnemonic maintained at the tranche for the $1 is of type ALL. |
MS-FPML-222 |
$1 details are missing. |
MS-FPML-223 |
$1 rate fixing is already done for the period $2 |
MS-FPML-224 |
overlapping $1 rate fixing schedules are not allowed |
The following error codes are applicable for Payment Notice and Payoff Notice:
Error Code |
Error Message |
MS-FFT003 |
Select appropriate property linked to the contract. |
MS-FFT004 |
Property maintenance does not exist for the contract. |
MS-FFT005 |
Payoff Notice billing date cannot be past dated |
MS-FFT006 |
Payment Notice billing date cannot be future dated. |
The following error codes are applicable for late payment charges:
Error Code |
Error Message |
Type |
CS-WVR-001 |
Penalty Waiver Details need to be captured |
E |
CS-WVR-002 |
Amendment is not allowed on the Reversed Transactions |
E |
CS-WVR-003 |
Transaction did not happen from here, amend it from appropriate screen |
E |
CS-WVR-004 |
Transactions can be saved only with waive flag checked |
E |
CS-WVR-005 |
Prior schedules are unpaid for this component. Please pay/waive all such schedules before proceeding |
E |
LF-CL0021 |
For the given amount category, Accrual Required flag should be set to N |
E |
LB-CON-315 |
Grace days for the drawdown is defaulted from the tranche contract |
O |
CS-WVR-006 |
Reversal of Waiver not allowed as nothing is due on the given due date |
E |
CS-WVR-007 |
Reversal not allowed, Latest due date should be reversed first. |
E |
CS-WVR-008 |
Later schedules are waived for this component. Please reverse waiver for all such schedules before proceeding |
E |
The following error codes are applicable for Named Agents:
Err Code |
Error Message |
ST-MNT-017 |
Expense code already mapped to another Named agent |
ST-MNT-018 |
Active Tranche for the Named Agent exists. Closure not allowed |
ST-MAN01 |
Expense Code Cannot Be NULL |
ST-MAN01 |
Proof Code Cannot Be NULL |
ST-MAN01 |
Named Agent Cannot Be NULL |
The following error codes are available for UCC processing of disclosure codes and contract disclosure schedule:
Error Code |
Description |
LB-DSC-017 |
Expiry Date cannot be less than Application Date |
LB-DSC-018 |
Expiry Date is Mandatory if UCC code is selected |
LB-DSC-019 |
Expiry Date is propagated to UCC linked contracts upon authorization, do you wish to continue? |
LB-DSC-022 |
Contract Disclosure schedule for $1 is being amended by another user; expiry date is not propagated |
LB-DSC-028 |
Expiry Date is not propagated to contracts, do you wish to continue? |
LB-DSC-031 |
Multiple schedules are not allowed for UCC disclosure codes |
LB-DSC-032 |
End date cannot be lesser than Start date |
LB-DSC-033 |
Cannot delete the schedule for UCC disclosure codes |
The following error codes are available for marking the status of a tranche or drawdown contract from ‘Active’ to ‘Liquidated’.
Err Code |
Error Message |
OL-PMT305 |
Active Drawdowns exist for the Tranche. Liquidation not allowed. |
OL-PMT306 |
Contract will be liquidated. Proceed? |
OL-PMT307 |
Maturity date is greater than application date. Liquidation not allowed. |
OL-PMT308 |
Validation for marking the liquidation is failed. |
OL-PMT309 |
Principal Outstanding/amount due balance still exists. Liquidation not allowed. |
OL-PMT310 |
Active STP contract exists. Liquidation not allowed. |
OL-PMT311 |
The escrow balances linked to this contract is not zero. Liquidation not allowed. |
OL-PMT312 |
Principal Outstanding/amount due balance still exists for the participant contract. Liquidation not allowed. |
OL-PMT313 |
Pending STP contract yet to be processed. Liquidation not allowed. |
The following codes are available for Deal Definition Notice:
Error Code |
Error Description |
Error Type |
MS-FPML-132 |
Failed in generating Deal definition Notice |
E |
MS-FPML-133 |
Failed to get the TransferFee details |
E |
MS-FPML-134 |
Failed in populating co borrower details |
E |
LB-ASN-001 |
Issuing Bank Sublimit amount should not be greater than $1. |
E |
LB-ASN-002 |
Currency and Amount are mandatory. |
E |
The following error codes are available for media:
Error Code |
Error Description |
Error Type |
ST-ENT053 |
Media Cannot be NULL for $1 |
E |
ST-ENT055 |
$1 is not checked in Customer Entity Screen |
E |
ST-ENT056 |
Media Maintenance is required for Participant $1 |
E |
ST-ENT057 |
No message type is available for the media $1 |
E |
ST-ENT058 |
Media Order maintenance needs to be revisited for entity $1 |
E |
The following error codes are available for Sanction Screening:
Error Code |
Error Description |
Error Type |
LB-FW-018 |
Confirmation not possible for status code 03. |
E |
LB-FW-019 |
Resend possible only for status code 04,05 and 06 |
E |
LB-FW-020 |
Status code of the current message is $1 and not -1(Complete), Do you still want to proceed with confirmation? |
O |
The following error codes are available for HFS transfer:
Error Code |
Error Description |
LB-HFS-001 |
Participant should be Self and portfolio should be Origination HFS |
LB-HFS-002 |
HFS Transfer and Sale Flag is unchecked at Loans parameter Level so cannot check the HFS Transfer Flag |
LB-HFS-003 |
Position mismatch between agency and origination for the HFI portfolio |
LB-HFS-004 |
Negative VAMI on loan contract is not allowed if HFS Transfer is unchecked |
LB-HFS-005 |
Participant Transfer with multiple Participant is not allowed during HFI to HFS Transfer |
LB-HFS-006 |
HFS Transfer will be allowed only between origination HFI and HFS desk participants and only if HFS Transfer Flag is checked |
LB-HFS-007 |
Transfer To Participant should belong to Origination HFS desk |
LB-HFS-008 |
$1 Participant is not a self participant |
LB-HFS-009 |
Transfer Price in HFS Transfer cannot be null |
LB-HFS-010 |
HFS Transfer and sale parameter not checked at loan parameter level |
LB-HFS-011 |
HFS Transfer, Manual intervention is required |
LB-HFS-012 |
Open Trade exist for the combination of CUSIP and portfolio, PRAM cannot be processed |
LB-HFS-013 |
HFS Transfer Flag is not checked at the product level. Cannot save the Record |
LB-HFS-014 |
Origination HFS Desk Product is not maintained |
LB-HFS-015 |
Failed in population of COC balances during HFS Transfer |
LB-HFS-016 |
Failed in calculation of Cost Basis |
LB-HFS-017 |
Failed in Validating Position for the Participant |
LB-HFS-018 |
PRAM Date beyond latest liquidation date of Drawdown |
LB-HFS-019 |
PRAM Date is beyond latest VAMI date |
LB-HFS-020 |
Transfer Mark Fee Liquidation has not happened on the commitment. Do you want to proceed? |
LB-HFS-021 |
Please enter only 10 decimal digits. |
The following error codes are available for CUSIP swing.
Error Code |
Error Description |
LB-TRN-035 |
Unprocessed or failed commitment reduction record exists which is not handed off to LQT for the old CUSIP. |
LB-TRN-036 |
Position mismatch exist on CUSIP between Agency and Trading. CUSIP update not allowed |
The following error codes are available for participant level margin maintenance on Tranche and Drawdown contracts.
Err Code |
Error Message |
LB-PTR-03 |
Participant transfer is not allowed as Transferor and Transferee margin rates do not match |
LL-PAR-006 |
Margin history is not available for $1 |
LB-FLR-041 |
Floor/Ceiling is not applicable with margin for lender functionality.Do you want go ahead with removing the $1 |
LB-PMAR-004 |
Margin Rate is captured for the Participants at the Tranche level, hence cannot perform NPVAMI |
LB-RPS-25 |
Reprice instructions are not allowed for drawdown/tranche $1/$2 as participant margin is already captured at the tranche |
LB-PMAR-007 |
Participant margin maintenance not allowed on tranche $1 as reprice is already captured for underlying Drawdown(s) |
LB-DDS-048 |
Partial payment flag is unchecked as it should be unchecked in order to maintain the participant margin |
LB-PPMT-11 |
Int/Fee Distribution value is changed from Lender of Actuals(LOA) to Lender of Records(LOR). All margin maintenance done for the participants will be deleted |
LB-PMAR-009 |
Participant margin maintenance not allowed on tranche $1 having active Partial Interest Payments on underlying Drawdowns |
LB-PMAR-012 |
Cascade participation flag has been unchecked. All the participant maintenance will be deleted. Do you want to proceed? |
LB-PMAR-017 |
There is a mismatch in borrower and participant margin. Please visit the margin maintenance again |
LB-MAR-002 |
Please visit the margin maintenance |
LB-NPB-008 |
Nonprorata distribution is not allowed as participant margin is already maintained for drawdown/tranche $1/$2 |
LB-PMAR-018 |
Margin Rate is captured for the Participants at the Tranche level, hence Participant Ratio cannot be changed |
LB-PA-141 |
Margin Rate is captured for the Participants at the Tranche level, hence cannot enter Consolidated transfer instructions |
LB-MAR13 |
Uninitiated Transfer Instructions already existing in the tranche,do you want to continue? |
LB-MAR14 |
Participant margin cannot be amended for an effective date falling beyond PRAM date |
The following error codes are available for FATCA:
Error code |
Error Description |
Type |
TA-FAT-001 |
Waiver Flag Changed, manually waiver flag has to be changed at tranche level. |
O |
TA-FAT-002 |
GrandFathered Flag Changed.Do you want to Proceed? |
D |
TA-FAT-003 |
Grandfathered change Effective Date is Mandatory |
E |
TA-FAT-004 |
Failed in checking the Grandfathered,fatca and chapter3 flag for processing of tax |
E |
TA-FAT-005 |
Authorisation failed as Tax Group $1 is unauthorised for the customer $2 |
E |
TA-FAT-006 |
Failed in customer and Tax values synchronization |
E |
ST-CUS72 |
Going to update the tax rule,as maintenance already exists with old values.Do you want to proceed? |
O |
TA-1010 |
Rule attached to a group,Can be created only from the group |
E |
TA-1011 |
Special tax type is mandatory |
E |
TA-1012 |
Rule attached to a group.Please detach it first. |
E |
TA-1013 |
Please attach the rule to the group first in mapping screen |
E |
MS-FFT008 |
Failed in getting the Customer/Entity details |
E |
ST-CUS70 |
Unable to generate reference number for the customer $1 |
E |
TA-FAT-007 |
Net Allocation percentage is not 100% for Month-$1 and year-$2 for customer $3 |
E |
TA-FAT-008 |
Some of the already Mapped tax Rules are not Maintained under the Tax group.Rates for the missing rules will not be in Sync. |
O |
TA-FAT-009 |
Tax Rule is Mapped under a Tax Group.Cannot Unlock |
E |
TA-FAT-010 |
Enter a Valid Month in MON format |
E |
TA-FAT-011 |
Grandfathered Change Effective Date should be application date |
E |
TA-FAT-012 |
Special Characters not allowed for $1 |
E |
TA-FAT-013 |
$1 is unauthorized.Please Authorise to Proceed. |
E |
TA-FAT-014 |
$1 rule already mapped to a group. |
E |
TA-FAT-015 |
Cust Tax Group is NULL for the customer.Cannot Authorise |
E |
TA-FAT-016 |
Customer id does not exist or is in unauthorized state |
E |
TA-FAT-017 |
Tax Rule Code is not maintained as a group in Tax Group Type Maintenance |
E |
TA-FAT-018 |
$1 cannot go beyond 999 for a customer |
E |
TA-FAT-019 |
Linked to Tax Group checkbox can Only be Checked for ALL ALL combination of rule. |
E |
TA-FAT-020 |
Data element is attached to Customer or underlying partner.Cannot Delete |
E |
TA-FAT-021 |
Failed in Group to Rule Propagation. |
E |
TA-RL016 |
Overlapping Rules not allowed |
E |
TA-FAT-022 |
Tax Waiver Flag Changed.Do you want to Proceed? |
E |
TA-FAT-023 |
Chapter3/Fatca waiver maintenance is either missing or closed/unauthorised.Defaulting is not done |
O |
TA-FAT-024 |
Cannot Close the customer as underlying partners are not closed yet |
E |
TA-FAT-025 |
Cannot reopen the partner as Customer are not reopened yet |
E |
TA-FAT-026 |
Cannot delete the partner as underlying partner still exists |
E |
TA-FAT-027 |
Special Tax Type Of Tax rule $1 is not same |
E |
TA-FAT-028 |
Special Tax Type of this Tax is not Unique |
E |