6.2 Defining Schedules for a Product

You can define the following attributes for repayment schedules, when you define them for a drawdown product:

• The mode of liquidation (automatic or manual)
• Liquidation of schedules due before the date on which a drawdown is initiated.
• The type of schedule – Capitalized or Normal

You define these attributes in the Product Preferences screen that you invoke by clicking Preferences tab in the Loan Syndication - Product Definition (LBDPRMNT) main screen.

If the mode of liquidation specified for a schedule is automatic, it is liquidated by the Automatic Contract Update function. If the mode is specified as manual, you must manually liquidate them through the Contract Schedule Payments function.

After specifying the attributes for repayment schedules, you can specify the repayment details for each component of a drawdown loan, such as the reference date, the frequency and the month and date, in the Product Default Schedules screen.

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

From the Homepage, navigate to Loan Syndication - Product Definition screen.

From the Loan Syndication - Product Definition screen, click Preferences.

1. From the Preferences screen, click Schedules.
   The Product Default Schedules screen is displayed.

   Figure 6-1 Product Default Schedules

   
   

   
   Description of "Figure 6-1 Product Default Schedules"

   
   
2. These are the attributes for repayment schedules that would apply to all drawdown loan contracts involving the drawdown loan product for which they have been specified.
   The manner in which you specify the attributes for the repayment schedules for a drawdown borrower or participant product is much the same as for a normal loan product.

   For a detailed description, refer to the chapter Processing Repayments in the Loans User Manual.

   Note:

   To indicate Forward Processing is applicable to the borrower tranche or drawdown product during the event LIQD, select the option Semi-Auto against the field Liquidation Mode. The system processes the two events, but hold the messages. The messages are held in the Forward Processing Queue.

   For details on forwards processing, refer the heading titled Processing events marked for forward processing in the Loan Syndication Contracts chapter of this User Manual.