Understanding Facilities

A facility is a financial arrangement with a counterparty under which an established monetary amount is available for transacting deals. Similar to a contract, a facility contains pertinent information about the arrangement, such as default settlement instructions, term, review dates, and an expiration date.

With PeopleSoft banking functionality you can define facilities, associate fees to a facility, and periodically run the Monitor Expiring Facilities process (TR_FCLTY_RVW) to evaluate which of your organization's facilities are close to expiring.