16.7.7 Interest Rate Fixing Notice to Participant for Renewal Drawdown

This notice is generated to inform the participant customer when an interest rate fixing is done for a drawdown loan. All the fields available in the Interest Rate Fixing Notice to the Borrower are available in this notice. In addition, the notice states the date on which the drawdown loan contract is due for a renewal.

Note:

In case you have chosen the media as SWIFT, an MT643 is generated instead of the above mail format.

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