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
3.15 Mapping of SLT Product, Portfolio Expense Code, Internal Customer
3.15.1 SLT Product Mapping
3.15.2 Portfolio Expense Code Mapping
3.15.3 Internal Customer Mapping
3.16 Maintaining SLT Fee Class
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/ClearPar 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
5.1.7 Financial Centre Holiday Treatment
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 Financial Centre Holiday Treatment
5.5.10 Viewing Commitment Reduction Log
5.5.11 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
5.17.8 Field 72 Population in Wire Messages
5.18 Settling Combined Tickets
5.18.1 Specifying Fee Details
5.18.2 Capturing Mnemonic Details
5.18.3 Consolidated Interface Browser
5.18.4 Specifying options in Loan Parameters screen
5.18.5 Auto Creation of New Mnemonics
5.19 Specifying Adjustment Rate
5.20 Settling DCF on First-time
5.21 Reversing Trade Settlement
5.22 Reversing Trade
5.23 Calculating Reserve
5.24 Reclassification
5.24.1 SLT Batch Process for Reclassification
5.25 Agency Confirmation
5.26 Amending an SLT Contract
5.26.1 Amending of CUSIP/ISIN and Firm Account Mnemonic
5.27 Processing Silent Participation
5.27.1 Processing Sell Participation
5.27.2 Processing Buy Participation
5.28 Processing Swap Deals
5.28.1 Exchanging Information between SLT and LB modules
5.29 Forward Processing of Events
5.29.1 Fetching the Contracts for Forward Processing
5.29.2 Confirming the Generation of Messages for an Event
5.29.3 Processing Contracts For Secondary Loan Trading
5.30 SLT Processing for LMA / LSTA Participation
5.31 SLT Processing for Primary Delayed Compensation
5.31.1 Portfolio Details screen
5.31.2 Position Identifier Screen
5.31.3 Trading on Lead Agent Deals
5.31.4 Trading on Non-Lead Agent Deals
5.31.5 Reduction of Un-Amortized Fees during trade
5.31.6 Placement Processing
5.31.7 Trade Type Amendment
6. Processing Fee Details
6.1 Introduction
6.1.1 Specifying Assignment Fee Details
6.1.2 Suppressing Wire Messages for Assignment Fees
6.1.3 LQT Trade Upload
6.1.4 Specifying Amendment Fee Details
6.1.5 Specifying Line/Accommodation Fee Details
6.1.6 SLT - Accounting for Amendment Fee
6.1.7 Specifying Delayed Compensation Fee Details
6.1.8 Specifying Break Fund Fee Details
6.1.9 Specifying Waiver Fee Details
6.1.10 Specifying Benefit of Commitment Reduction Fee (BCR) Details
6.1.11 Specifying Upfront Fee Details
6.1.12 Specifying Adhoc Fee Details
6.1.13 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
6.3.2 Trade Settlement Threshold Limit
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 External Agency Interface Browser
7.6.1 Viewing Trade Details
7.6.2 Viewing External Allocation Details
7.6.3 Viewing Currency-wise Settlement Details
7.6.4 Viewing the Error Messages
7.6.5 Viewing External Agency Interface Browser History
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 Funding Memo Status
7.8.5 Viewing the Exception Log
7.8.6 Viewing Automated Settlement Queue History
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 Maintaining SLT Accounting Entries
8.1.8 LOR Accounting Entries
9. Jobs and EOD Batches
10. Function ID Glossary