4.9.25.1 Authorizing the overrides for tranche

You need to perform dual authorization, if you have selected the Overwrite SI option for any of the following events:

• AMENDING TRANCHE/DRAWDOWN CONTRACT
• VALUE DATED AMENDMENTS
• FEE LIQUIDATION
• LIQUIDATION OF PRINCIPAL/INTEREST

You are not allowed to authorize these events without authorizing the override details for Overwrite SI. When you try to authorize a contract with overrides, following error message gets displayed.

All Overrides requiring confirmation have not been CONFIRMED – Confirm them.

You need to authorize the overrides manually in the Credit Authorizations Outstanding screen.

1. Specify the User ID and Password, and login to Homepage.
2. On the homepage, type LBDOVDET and click next arrow.

The Dual Authorization screen is displayed.

This screen displays the following details related to the LB module.

• Number of contracts related to the LB module.
• Number of overrides related to the contracts.

If you double-click the module field in this screen, the Details of the Overrides requiring dual authorization screen is displayed.

You can view the following details in this screen.

• Contract reference number
• Module
• Error code
• Override details
• Override status
• Remarks

You can change the Override Status to Authorized and click Confirm to authorize single record or Authorize All to authorize all the records pending for authorization.

After authorizing all the related overrides, you can proceed with the authorization of the event.