8.3.10 Generating Child Contracts for Future Dated Rollovers

In the case of future dated rollovers, Oracle Banking Corporate Lending allows you to create the rollover child contracts in advance, that is, before the rollover date. You can use the Rollover Child Processing (LBSPAROL) screen to generate the child contracts.

Figure 8-7 Rollover Child Processing

Description of "Figure 8-7 Rollover Child Processing"

In this screen, the system displays all future dated rollover 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:

• The system generates the advices only for the parent contract.
• The system allows you to capture re-price instructions or prepayment instructions on the value date of the child contracts. You can capture the instructions in the Contract Payment screen.

For details on the Contract Payment screen, refer the section titled Processing repayments manually in the Processing Repayments chapter of this User Manual.