11.3.2 Generating Child Contracts for Future Dated Re-Pricing

In the case of future dated re-pricing, Oracle Banking Corporate Lending allows you to create child contracts in advance, that is,. before the value date of the split. You can create the child contracts through the Partial Split Instruction Processing screen.

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

1. On the homepage, type LBSPASPT and click next arrow.
   The Partial Split Processing screen is displayed.

   Figure 11-3 Partial Split Processing

   
   

   
   Description of "Figure 11-3 Partial Split Processing"

   
   
2. In this screen, the system displays all future dated parent contracts for which child contracts are yet to be created. You can select the contracts for which you wish to create the child contracts in advance. Select the box against each record to select a contract.
   Click Ok to generate the child contracts for the selected parent contracts.

   Note:

   If you opt for forward dated re-pricing, the system restricts other events (which may change the payment schedules – Liquidation, Value Dated Amendment, PRAM, Split/ Merge Re-price, and so on), for the parent contract till the re-pricing is complete. However, for pro-rata tranche contracts, you can do a participant transfer between the Booking and Initiation dates.