3.1 Introduction

This chapter discusses the manner in which you can define attributes specific to products which are to be used to process loan syndication contracts, whether on the borrower side or the participant side.

A product is a specific service, scheme or utility that you make available to customers of your bank. For instance, the facility of a syndication contract between your bank and other banks or financial institutions, for the purpose of pooling funds to disburse loans are specific service you could offer. This service can be thought of as a product.

Similarly, the facility of availing loans through a drawdown, from any of the tranches under the syndication, is another specific service that you offer to customers. This could also be thought of as a product.

This topic contains following sub-topics:

• Product Type
  
• Contracts