1. Loan Syndication
  2. Loan Syndication Contracts - Part 2
  3. Capturing Drawdown Details

5.2 Capturing Drawdown Details

To capture a new drawdown, click New from the menu.

Figure 5-2 Drawdown Details


Drawdown Details

The Drawdown Type is displayed as New. The contract inherits the details of the template. Alternatively, you can also select the following details to capture a new drawdown:

Table 5-1 New Drawdown Details

Fields Description
Branch Branch for which the drawdown is processed. You can process inter-branch contracts too.
Tranche Ref No You have to select the reference number of the tranche under which you want to book a drawdown. The option list displays all active and authorized Tranche contracts. When you select the tranche, the system also displays the Tranche User Reference Number and the tranche borrower. In addition, the reference number of the borrower facility contract is also displayed.

Note:

When you select a tranche, you have to ensure that all existing drawdowns under the tranche are authorized. If there are unauthorized drawdowns under the selected tranche, the system displays a message to indicate the same when you click the Ok button. You are required to select another tranche or authorize the unauthorized drawdown (s) before you proceed.
Agent Ref No The system displays the FpML Contract Identification number. However, you can modify it.
Borrower By default, the borrower specified for the selected tranche is displayed here. You can specify a different borrower, if required. The option list displays all the borrowers specified for the tranche.
Drawdown Product Select the drawdown product you want to use for the drawdown. The option list displays all the drawdown products associated with the tranche under which the drawdown is being processed. The following information defaults to the DRAWDOWN tab of the screen (based on the preference defined for the underlying DD product and the tranche):
  • Facility Reference Number and Tranche Reference Number
  • Drawdown No
  • Tranche Amount and Currency
  • Customer code and name
  • CUSIP No - This is mandatory during Tranche contract input
  • Booking Date: This is the date on which the drawdown is captured in the system. This is equal to the current system date and you cannot change it. This date is only for information purposes. The actual accounting entries are passed only as of the Value Date of the drawdown.
  • Drawdown Date, Original Start Date and Maturity Date defaults based on the tranche under which the drawdown is being processed.
  • Drawdown Type – New
  • SSI Pickup At – Component/Currency so on
  • Administrator, Agreement Title and Remarks
In the header section of the screen, you have to specify the following:
  • User Reference Number

    The reference number is the identification that you specify for the borrower drawdown. You can specify any identification number. In addition to the Contract Reference Number generated by the system, this number is also be used to retrieve information about the drawdown.

    By default, the Contract Reference Number generated by the system is considered to be the User Reference Number for the drawdown.
  • Custom Ref No

    You can capture a unique reference number for the drawdown. This number is used to identify the drawdown in the system. You can also query the drawdown based on this number. The reference number can consist of a maximum of 16 alphanumeric characters.

This topic contains following sub-topics:

Parent topic: Loan Syndication Contracts - Part 2