4.5.5.2 Maintaining Preferences for the Participant
The following preferences can be defined for a participant:
Table 4-6 Preferences for the Participant
Fields | Description |
---|---|
Self Participant | Select this check box to indicate that the participant is a Self Participant. A self participant is one who is leading the loan contract. |
Originator | Select this check box to indicate that the Self Participant is the
originator. This is enabled only if the Self
Participant check box is selected.
You can mark only one self participant as the originator. |
SSI Mnemonic | The SSI Mnemonics maintained in the Settlement
Instructions screen for the Counterparty, Module,
Currency, Product, and Branch combination involved in the contract, is
displayed in the option list provided. You can select the required value
from this list. The value selected here obtains the settlement details
for the participants of the contract.
If you do not specify the SSI Mnemonic for all the participants, system displays the following message: SSI mnemonics for some/all participants have not been entered. It will be defaulted. Note: You also have the option to select component wise SSI Mnemonic for each participant of the tranche. |
Participant Type | Select the type of participant from the drop-down list. Following are
the options available in the drop-down list:
Note: The participant type detail should be at the Tranche level. |
Entity ID | For each participant, you have to associate an entity(s) to whom
copies of the advices related to the contract will be sent. The entities
maintained for the participants through the Customer Entity
Details screen defaults to the contract.
From the list of entities, you can designate one of them as the Primary entity. The primary entity is the recipient of notices and messages for the participant. Note: A primary entity must be designated for every customer who is allowed to be a participant of the facility contract. If not specified, you are not allowed to save the details. |
Remarks | You can specify remarks for each entity associated with the
participant here. A maximum of 105 characters is allowed.
To select the next participant, click Add Row button. |
Parent topic: Specifying Participants for the Facility