4.9.40 Capturing Assignments for the Tranche

You can capture the assignment validations for a tranche in the Assignment Validation screen.

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

From the Homepage, navigate to LB Tranche Contract Online screen.

1. From the LB Tranche Contract Online screen, click Assignment.
   The Assignment Validations screen is displayed.

   Figure 4-81 Assignment Validations

   
   

   
   Description of "Figure 4-81 Assignment Validations"

   
   
2. You can specify below details in this tab. For information on fields, refer to the field description table.

   Table 4-23 Assignment - Contract Details

   Fields	Description
   Product Code	The system displays the product code.
   Contract Ref No	The system displays the contract reference number.
   Customer	The system displays the customer name.
   Facility Name	The system displays the facility name.

   Table 4-24 Assignment Validations

   Fields	Description
   Agent Consent Required	Select this check box if agent consent is required.
   Affiliate Letters Accepted	Select this check box if affiliate letters are accepted.

   Table 4-25 Transfer Amount Validations

   Fields	Description
   Apply Transfer Amt Validations	Select this check box if transfer amount validation is required.
   Min Transfer Amt	Specify the minimum transfer amount in tranche currency. During the participant transfer for the tranche, the system will check if the transfer amount is greater than the minimum transfer amount captured. If the transfer amount is less than the minimum transfer amount, then the system displays the following override message: Transfer amount is less than the minimum transfer amount. Note: If the transfer amount is zero or not captured, then the system will not check for any validations.
   Min Amt after Transfer	Specify the minimum amount after transfer in tranche currency. The system will validate if the transfer balance after assignment for the assignment value date is greater than or equal to the Minimum amount after transfer. If the transfer balance is less than the minimum amount after transfer, then the system displays the following override message. Transfer balance is less than the minimum retention amount. If the transfer amount is zero, then the system does not check for any validations.
   Transfer Amt in Multiples of	Specify the multiple of transfer amount in the tranche currency. During the participant transfer for the tranche, the system checks if the transfer amount is in the multiples of amount specified. If the transfer amount is not in the multiples of the amount captured, then the system displays the following override message: Transfer amount is not in Multiple of <Multiple amount for Transfer> Note: If the transfer amount is zero or not captured, then the system does not check for any validations.

   The system waives the transfer amount validations based on the transferor or transferee type.

   Table 4-26 Waiver Options

   Fields	Description
   For Lender	Select this check box if the system waives the transfer amount for a Lender type.
   For Affiliates	Select this check box if the system waives the transfer amount for an Affiliate type.
   With Agent Consent	Select this check box if the system waives the transfer amount for an Agent Consent. Note: This check box is enabled only if you have selected the Agent Consent Required box.
   With Borrower Consent	Select this check box if the system waives the transfer amount for a Borrower Consent.
   During Complete Transfer	Select this check box to waive the complete transfer amount.

   Table 4-27 Consent Validations

   Fields	Description
   Validate Borrower Consent	Select this check box to validate the borrower consent.
   Required For	Selecting Validate Borrower Consent box, the Required For options is enabled.
   Existing Investors	Select this check box to validate the borrower consent for existing investors.
   New Investors	Select this check box to validate the borrower consent for new investors.
   Existing Investors of Affiliate Type	Select this check box to validate the borrower consent for existing investors of Affiliate type. Note: This check box is enabled only if you have selected Affiliate Letters Accepted box.
   All Assignments	Select this check box to validate the borrower consent for all the above parameters. Note: If Agent Consent Required box is selected, then the system displays the following override message for all assignments: Agent Consent is required for Participant <Investor Number>
   Validate Issuing Bank Consent	Select this check box to validate the issuing bank consent. Note: All the participants defined in the LC Issuer sub screen of Tranche Online are considered as Issuing Bank.
   Required For	Selecting the Validate Issuing Bank Consent box, the Required For options are enabled.
   Existing Investors	Select this check box to validate the issuing bank consent for existing investors.
   New Investors	Select this check box to validate the issuing bank consent for new investors.
   Existing Investors of Affiliate Type	Select this check box to validate the issuing bank consent for existing investors of Affiliate type. Note: This check box is enabled only if you have selected Affiliate Letters Accepted box.
   All Assignments	Select this check box to validate the issuing bank consent for all the above parameters. Note: If Agent Consent Required box is selected, then the system displays the following override message for all assignments: Agent Consent is required for Participant <Investor Number>
   Validate Swing Line Bank Consent	Select this check box to validate the swing line bank consent. Note: All the participants defined in the Part Limit sub screen of Tranche Online with Limit type as Swing Line are considered as Swing Line bank.
   Required For	selecting the Validate Swing Line Bank Consent box, the Required For options are enabled.
   Existing Investors	Select this check box to validate the issuing swing line bank consent for existing investors.
   New Investors	Select this check box to validate the issuing swing line bank consent for new investors.
   Existing Investors of Affiliate Type	Select this check box to validate the issuing swing line bank consent for existing investors of Affiliate type. Note: This check box is enabled only if you have selected Affiliate Letters Accepted box.
   All Assignments	Select this check box to validate the swing line bank consent for all the above parameters. Note: If Agent Consent Required box is selected, then the system displays the following override message for all assignments: Agent Consent is required for Participant <Investor Number>
   Tranches with Min Trade Amt	Specify the tranches with minimum trade amount.
   Tranches to be traded together	Specify the tranches that needs to be traded together.
   Remarks	Specify the remarks, if any.
   Issuing Bank	Select the issuing bank for new tranche booking or tranche amendment, from the adjoining option list. This list displays all allowed active authorized banks that are allowed at the tranche product level.
   Swingline Lenders	Select the swingline lender for new tranche booking or tranche amendment, from the adjoining option list. This list displays all allowed active authorized customers that are allowed at the tranche product level.
   Simultaneous Transfer Tranches	Select the simultaneous transfer tranches from the adjoining option list. This list displays all active authorized tranches.
   Tranches Covered Under Lender Status	Select the tranches covered under the lender status from the adjoining option list. this list displays all active authorized tranches.
   Issuing Bank Sublimit	Specify the issuing bank sublimit amount. For lead tranches, this amount should not be greater than the tranche amount. For non-lead tranches, this amount should not be greater than the tranche global amount.
   Swingline Sublimit	Specify the swingline sublimit amount.
   Special Cases	Specify the applicability of special cases for the tranche.
   Section Number	Specify the section number.
   Default Lender Language	Select the applicability of the default lender language from the adjoining drop-down list. This list displays the following values: Yes No NA
   Borrower Consent Days	Specify the borrower consent days.
   Assignment Fee	System displays the latest assignment fee for the facility/product in the tranche currency if it is maintained at the facility/deal level.
   Requires Simultaneous Transfer of Deal	Select this check box to indicate that simultaneous transfer of the deal is required for the tranche.
   Notify Borrower of Assignment	Select this check box to indicate that the borrower should be notified about the fee assignment.

   This topic contains following sub-topics:

• Processing of Banker’s Acceptance Contracts