5.7 Amending Global Amount for a Contract

You can specify the Global Tranche or Global Drawdown amounts in the Tranche Online and Drawdown Online screens respectively during contract booking. Any amendment to the Global Tranche or Global Drawdown amounts is done in the Global Amount Amendment screen.

Using the Global Amount Amendment screen, you can amend all non-lead Tranches; however, you can only amend those non-lead Drawdowns where the Cascade Participation is set to No.

Specify the User ID and Password, login to Homepage.

1. On the homepage, type LBDGLAMT and click next arrow.
   The Global Amount Update screen is displayed.

   Note:

   The fields which are marked in asterisk red are mandatory fields.

   Figure 5-41 Global Amount Update

   
   

   
   Description of "Figure 5-41 Global Amount Update"

   
   
2. To amend the Global Tranche or Drawdown amounts, do the following:
   • Contract Ref No – specify the contract reference number of the Tranche or Drawdown whose Global Amount you want to amend.
   • Amendment Date – the system defaults the current system date as the Amendment Date. You cannot modify this date.
   • Current Global Amount – the system defaults the current Tranche or Drawdown Global Amount.
   • New Global Amount – specify the new Tranche or Drawdown Global Amount
     The system automatically updates the Global Amount for non-lead Tranches or Drawdowns in the following scenarios:

     • For any payments on non-lead drawdowns associated with non-revolver tranches, the global amount is updated based on the percentage of the drawdown payment amount and the tranche amount. The tranche amount includes the tranche availability and drawdowns outstanding.
     • For any change in principal, as a result of Value-Dated Amendment on the non-lead Drawdown, for both, revolver and non-revolver tranches, the global amount is updated.
     • No other events automatically update the Global amount for a Tranche or Drawdown.

   The latest Global Amount for tranche as on the date of handoff is used for handoff of the Commitment Reduction to the Loans QT system.

   Global Amount for Tranche

   Note:

   The following for the global amount for tranche:

   • Global Tranche Amount is available for input only for non-lead tranches.
   • Global Tranche Amount is specified in Tranche currency.
   • Global Tranche Amount in Tranche Online will be available for input during new tranche booking only and it will not be amendable during Tranche amendments.

   Global Amount for Drawdown

   Note:

   The following for the global amount for drawdown:

   • Global Drawdown Amount is always specified in Drawdown currency.
   • Global Drawdown Amount is available for input only for non-lead drawdowns and if the corresponding Tranche has Cascade Participation set to No.
   • Global Drawdown Amount is computed and populated during new drawdown booking based on the Tranche Amount, Global Tranche Amount and Drawdown Amounts.
   • Global Drawdown Amount is computed as (Global Tranche Amount / Tranche Amount) * Drawdown Amount.
   • The Tranche Amount is computed as (Tranche Available + Drawdowns Outstanding)
   • Global Drawdown Amount is not amendable while drawdown booking if the underlying Tranche has Cascade Participation as Yes.
   • Global Drawdown Amount can be amended while drawdown booking to over-ride the computed amount, only if the underlying Tranche has Cascade Participation set to No.
   • Global Drawdown Amount is validated to ensure that the Global Drawdown Amount is not greater than the Global Tranche Amount during new Drawdown booking.
   • Global Drawdown Amount in Drawdown Online is not available for update during drawdown amendments.
   • The GAMD event fires on the Drawdown contract when you amend the global amount from the Global Amount Amendment/Update screen.
   • If global amount for drawdowns for which the corresponding tranche has the ‘Cascade Participation box deselected in the Global Amount Update screen, then system updates the outstanding amount and allocation amount in the Tranche Repayment Schedules screen for the respective drawdown by applying the ratio between the old drawdown outstanding amount and old global drawdown amount on the new drawdown outstanding amount.