16.4.3 Consolidated Interest Rate Fixing Advice to the Borrower

When you consolidate multiple loans into a singe drawdown and apply the interest rate on the new drawdown, you can generate the Consolidated Interest Rate Fixing Advice to be sent to the borrower.

The following details of the new consolidated drawdown and the original drawdowns are included in the advice.

• Details of New Consolidated Advance
  • The reference number of the tranche to which the new drawdown loan is linked.
  • The date on which the drawdown loan contract is to be renewed.
  • The maturity date of the drawdown loan.
  • The drawdown amount.
  • The period for Interest calculation.
  • If you have applied a floating interest rate on the drawdown, the Spread (LIBOR basis) that is applied over the floating interest rate.
  • The margin applied onthe interest rate.
  • The interest/lending rate applied on the drawdown.
• Details of Original Advances
  • The amount of the main syndicate contract under which the original drawdowns were initiated.
  • The drawdown date.
  • The period for Interest calculation.
  • The maturity date of the drawdown loan.
  • The currency of the tranche to which the drawdowns are linked.