16.1 Introduction

This chapter explains the various types of advices and notices generated at each stage for the type of contract that the Loans Syndication (LB) module handles.

The following fields are common to all the Advices/Notices sent to the customer.

• The Standard FAX Header
• The System Date
• The name of the Contact person and his address (may include Fax/Phone No)
• The name of the customer (addressee)
• The Ref No of the facility contract, the facility amount and currency and the date on which the contract is booked in the system.
• The name of the borrowing customer
• The details of sender of the advice/notice (Administrator’s name and address)

Note:

• While printing the amount, the system takes the full length of the amount tag and prints the amount, due to which there is space between the currency and amount and the amount and symbol for the currency. The system can eliminate all spaces while printing amount fields, based on the value of the UDF AMOUNT FORMATTING REQUIRED.
• You can maintain the value as Y or N for this UDF in the File Format Maintenance and Free Format Template Maintenance screens.

The following details forms the part of all the drawdown notices generated at your bank.

• Interest rate fixing date and time
• Exchange rate fixing date and time

Note:

The default borrower of a facility may be different from the default borrower of its tranche. Likewise, the default borrower of a tranche may be different from the default borrower of its drawdown. Hence, the borrower field in all the advices are populated based on the type of the contract, whether facility, tranche or a drawdown, for which the advice is being sent.

During advice/free format message generation, the system checks whether the value of the UDF AMOUNT FORMATTING REQUIRED is maintained as Y for a given format.

• If the value maintained is Y and advice tags for the amount type of fields in the advice/ free format template is maintained in the internal data store, the system while generating advices for the format eliminate spaces before and after the value of all amount type of fields that need to be printed in the advice.
• If the value maintained is N, there are spaces before and after the value of all amount type of fields.

You need to eliminate the spaces for the following list of free format messages.

• Billing Notice (Borrower + Participants)
• Full Repayment Schedule (Borrower + Participants)
• Payment Schedule (Borrower + Participants)

You need to eliminate the spaces for the following list of advice formats.

• Billing Notice (Borrower + Participants)
• Drawdown Notice (Borrower + Participants)
• Rate Fixing Notice (Borrower + Participants)
• Rollover Notice (Borrower + Participants)
• Consol Rollover
• Split Rollover
• Re-Price Notice (Borrower + Participants)
• Merge Re-Price
• Split Re-Price