16.4.6 Interest Rate Fixing Advice to Participant for Renewed Drawdown

You can send this advice to the participant bank when you renew a drawdown for a borrowing customer.

• All fields available for the Interest Rate Fixing Advice that is sent to the participant for a new drawdown, is available in this advice also.
• The date on which the drawdown loan contract is due for renewal is also specified in the advice.

In addition, an advice is generated on the rollover date. This gets precedence over the advice generated on the day the drawdown is due for a renewal.

Note:

If you have chosen the SWIFT media for sending the advice, then instead of the above mail format, the corresponding SWIFT message, MT644 is generated.