15.6.13 Drawdown Notice

The Drawdown Notice is generated at the borrower level for new drawdown bookings and principal increases on drawdowns. The notice consists of a notice for each participant and a notice for the global details for the borrower.

For generation for new drawdown bookings, you need to maintain this message at BOOK/ DNOT event for drawdown products. For principal increases on drawdown, you need to maintain the message at the VAMB event for drawdown products. For both events, you have the option of suppressing the generation.

Principal increases on the drawdown caused due to rollover with increase and STL-LB STP activities will also result in the generation of the message. You do not have an option to suppress the generation for these operations.

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

The Cancel notice is generated to reverse specific notices already sent to Markit and for payment and value-dated amendment reversals. You need to maintain the messages at the REVP event for drawdown products for payment reversals and the VAMC event for the value-dated amendment reversals for drawdown and tranche. The notice is sent for the message ID of the bulk messages sent for the payment / value-dated amendment – this covers all the underlying messages of the original bulk message.