15.6.1 Commitment Adjustment Notice

The Commitment Adjustment notice, which is generated at the borrower level, is generated whenever principal is increased or decreased for a tranche. It has all the participant and global details and consist of a message for each participant and a message for global details for borrower. You need to maintain the message for the VAMB event for tranche products to generate the notice for tranche value-dated amendment notice.

If there are no principal changes for the value-dated amendment or if the amendment results in the tranche being decreased to nil principal and the maturity date to less than or equal to today, this notice is suppressed. You can also suppress the generation during value dated amendment if you require. Since the notice is generated only for principal changes done directly on the tranche and not as a result of any drawdown activity, the system does not generate the notice for drawdown payments on non-revolver tranches.

The message display Ext Deal CUSIP/ISIN captured at the tranche level for the InstrumentId field in Deal Summary.