16.3.7 Consolidated Exchange Rate Fixing Advice to the Participant Bank

When fixing the exchange rate for the consolidated drawdown loan, you can send a Consolidated Exchange Rate Fixing Advice to the participant bank also.

All the fields included in the Consolidated Exchange Rate Fixing Advice sent to the borrower, are available in this advice as well. In addition, the following details are also be included.

• Details of New Consolidated Advance
  • The name of the borrowing customers.
  • The amount contributed by each participant. This amount is expressed in the Base currency.
• Details of Original Advances
  • The participant’s contribution for the original drawdown, expressed in the base currency.
  • The participant’s contribution in the original drawdown, expressed in the optional currency.

Note:

If you have chosen the SWIFT media for sending the advice, then instead of the above mail format, the corresponding SWIFT message, MT644 is generated.