1.14 Tranche Financial Amendment

Tranche Financial Amendment is the process of modifying the financial details of the existing Tranche Through this functionality, user will be able to make changes to the existing Agency or participant tranche contract. You can increase or decrease the Principal amount or change tranche maturity date.

Tranche Amendment Process can be initiated by giving the basic registration details in the Initiation screen, provided you have the required access rights.

To initiate Tranche Amendment Process

Specify the User ID and Password, and login to Homepage.

1. On the Homepage, from Corporate Lending, under Operations, click Syndication.
2. On the Syndication, click Tranche Amendment Process .
   The Tranche Amendment Process screen is displayed.
   

   
   Description of the illustration tranche_fin_amend.png

   
   
3. In the Tranche Amendment Process screen, provide the required details.

   Table 1-14 Tranche Amendment Process

   Field	Description
   Customer Number	Select the Borrower for which the Loan amendment to be made.
   Business Product	Click Search to view and select the required business product.
   Application Date	Select an effective application date from the drop-down calendar. The system defaults the current system date as the application initiation date.
   Effective Date	Choose the effective date of the transaction
   Priority	Appropriate priority can be selected
   Facility Details	Select the applicable Facility listed upon selecting the Borrower
   Tranche Details	Select the respective Tranche under the Facility

4. Click Initiate to begin the process.

   The process flow for Tranche Financial Amendment Process undergoes the below stages:

   1. Tranche Amendment Entry

      You can make the input at the entry stage. You can view the details about the existing Tranche and able to amend the respective data segments to amend the Tranche amount or maturity date.

      Below Data Segments are used in this stage.

      Parties

      Existing Parties details are defaulted and you should not amend any of the information

      Tranche Details

      Existing details of the Tranche are defaulted and you should not make any changes to the Tranche Details.

      Tranche Amendment Details

      You can make the changes to the Tranche amount or maturity date in this data segment.

   2. Tranche Amendment Approval

      You can review and approve all the details captured in the previous stage. If any corrections to be done in the data captured in Entry stage, you can send back the application to the Entry stage for correction. Upon approving the application, OBCLPM hands over all the information to OBCL. With this hand off OBCLPM you can amend the existing Tranche in OBCL with the details captured in the Entry stage. Below Data Segments are used in this stage as read-only and you can review all the details in the data segment and cannot edit any details.

      • Parties
      • Tranche Details
      • Tranche Amendment Details