16.7.10 Interest Rate Fixing Notice to the Participant

For Split Renewal Drawdown – Only Individual Split Details

Similarly, you can send a consolidate Interest Rate Fixing notice to the participant customer when you do a split renew of a drawdown loan according to their individual splits. All the details available for the above notice is included in this advice also.

All the fields available in the Interest Rate Fixing Notice to the Borrower are available in this notice. In addition, the following fields are included.

• Details of Original Advance
  • The name of the borrowing customer
  • The Participant’s existing amount (Base Currency equivalent)
  • The Participant’s existing amount (Optional currency amount)
  • Details of New Advance – Only Individual Contract Details
  • The New Base Currency Participation
  • The New Optional Currency Participation

Note:

• In case you have chosen the media as SWIFT, an MT643 is generated instead of the above mail format.
• The Message Type for Borrower Interest Rate Fixing Notice is BORR_INOT_NOTC and that for Participant Interest Rate Fixing Notice is PART_INOT_NOTC.