1. Loan Syndication
  2. Appendix A – Events, Advices and Accounting Entries
  3. Event-wise Accounting Entries and Advices
  4. Participant Drawdown Product

13.2.6 Participant Drawdown Product

The possible events and event-wise accounting entries and advices for a participant drawdown product is tabulated below.

Events to be Associated with Participant Drawdown Products

The following events are available for definition of accounting entries and advices, all being propagated when the same event is triggered in respect of the related borrower side contract, unless mentioned otherwise.

Table 13-48 Events

Event Description
BOOK Triggered when participant drawdown is booked in the system.
FLIQ Triggered when fees are liquidated for a contract that uses the product.
INIT Triggered when a participant drawdown gets initiated in the system.
LIQD Triggered when there is a repayment of the principal component under the drawdown.
NOTC Triggered when a billing notice is generated for the drawdown.
VAMB Triggered when a value dated amendment (of Principal or Maturity Date) is booked for the drawdown.
VAMI Triggered for a drawdown when a value dated amendment is initiated or becomes effective in the system.
IRFX Triggered on the date when the interest rate is fixed for the drawdown.
EXFX Triggered on the date when the exchange rate is fixed for the drawdown.
PRAM Triggered when a participant transfer occurs for the drawdown.
ROLL Triggered when a drawdown is rolled over.
INOT Triggered when an interest rate fixing notice is generated for the drawdown.
ENOT Triggered when an exchange rate fixing notice is generated.
DNOT Triggered upon generation of a DD notice.
RNDP Triggered on the rounding participant contract, whenever the amount collected from the borrower for a component is more than the amount disbursed to the participants because of rounding differences.
RNDL Triggered on the rounding participant contract, whenever the amount collected from the borrower for a component is less than the amount disbursed to the participants because of rounding differences.
CAMD Triggered when a drawdown undergoes an amendment.
ERAM Triggered when the exchange rate of the drawdown is amended.
IRAM Triggered when the interest rate of the drawdown is amended.
SGEN Triggered when a settlement message is generated for the drawdown.
RVPR Triggered upon reversal of payables and receivables for a drawdown.
PRLQ Triggered upon liquidation of payables and receivables.
REVN Triggered when a back dated floating interest rate code is revised.
MRFX Triggered when a back dated margin rate revision occurs.
RNOT Triggered when capturing the rollover details for a drawdown.
ROIX Triggered when DD interest rate is fixed on a rollover.
ROEX Triggered when DD exchange rate is fixed on a rollover.
ROBK Triggered when rollover instruction is booked for a contract.
TXRF Triggered when a tax component is refunded to a participant.
TXRV Triggered at the time of reversing a tax refund.
SPIX Triggered when split re-price interest rate fixing occurs for the parent contract.
MRGB Triggered when merger re-price booking occurs for the parent contract.
SPTB Triggered when a split re-price booking occurs for the parent contract.
SPTI Triggered when a split re-price initiation occurs for the parent contract.
RNET Triggered on the date rollover is fired.
RMNT Triggered when Payment Message generated based on settlement days(Currency).
CREX Triggered when exchange rate is fixed during consolidated rollover booking.

Event-wise Accounting Entries for Participant Drawdown Products

The possible accounting entries for the various events are given below:
  • BOOK

    Table 13-49 BOOK

    Accounting Role Amount Tag Dr /Cr
    CUSTOMER COMPONENT_LIQD Cr
    SYN_POOL COMPONENT_LIQD Dr
  • INIT

    Table 13-50 INIT

    Accounting Role Amount Tag Dr /Cr
    SYN_POOL PRINCIPAL Cr
    CUSTOMER PRINCIPAL Dr
    CUSTOMER COMPONENT_LIQD Cr
    SYN_POOL COMPONENT_LIQD Dr
    SYN_POOL PRINCIPAL_ADDL Cr
    CUSTOMER PRINCIPAL_ADDL Cr
    SYN_POOL PRINCIPAL_ROIN Cr
    ROLL_WASH PRINCIPAL_ROIN Dr
  • LIQD

    Table 13-51 LIQD

    Accounting Role Amount Tag Dr /Cr
    CUSTOMER PRINCIPAL_LIQD Cr
    SYN_POOL PRINCIPAL_LIQD Dr
    CUSTOMER COMPONENT_LIQD Cr
    SYN_POOL COMPONENT_LIQD Dr
    COMPONENT-TAX_PAY COMPONENT_AMT Cr
    CUSTOMER COMPONENT_AMT Dr
    SYN_POOL COMPONENT_LIQD Cr
    CUSTOMER COMPONENT_LIQD Dr
    CUSTOMER COMPONENT_LIQD Cr
    SYN_POOL COMPONENT_LIQD Dr

    Note:

    In the case of payable skim, the first set of entries is passed. The second set is passed for receivable skim.
  • FLIQ

    Table 13-52 FLIQ

    Accounting Role Amount Tag Dr /Cr
    CUSTOMER COMPONENT_LIQD Cr
    SYN_POOL COMPONENT_LIQD Dr
    CUSTOMER COMPONENT_LIQD Cr
    SYN_POOL COMPONENT_LIQD Dr
    COMPONENT-TAX_PAY COMPONENT_AMT Cr
    CUSTOMER COMPONENT_AMT Dr
  • DNOT

    Accounting Entries are not applicable for this event.

  • ENOT

    Accounting Entries are not applicable for this event.

  • EXFX

    Accounting Entries are not applicable for this event.

  • INOT

    Accounting Entries are not applicable for this event.

  • IRFX

    Accounting Entries are not applicable for this event.

  • NOTC

    Accounting Entries are not applicable for this event.

  • PRAM

    Accounting Entries are not applicable for this event.

  • ROLL

    Table 13-53 ROLL

    Accounting Role Amount Tag Dr /Cr
    CUSTOMER PRINCIPAL_LIQD Cr
    SYN_POOL PRINCIPAL_LIQD Dr
    COMPONENT-TAX_PAY COMPONENT_AMT Cr
    CUSTOMER COMPONENT_AMT Dr
    ROLL_WASH PRINCIPAL_ROLL Cr
    SYN_POOL PRINCIPAL_ROLL Dr
    ROLL_WASH COMPONENT_ROLL Cr
    SYN_POOL COMPONENT_ROLL Dr
    SYN_POOL COMPONENT_LIQD (for payable skim) Cr
    CUSTOMER COMPONENT_LIQD Dr
    CUSTOMER COMPONENT_LIQD (for receivable skim) Cr
    SYN_POOL COMPONENT_LIQD Dr
  • VAMB

    Accounting Entries are not applicable for this event.

  • CREX

    Accounting Entries are not applicable for this event.

  • VAMI

    Table 13-54 VAMI

    Accounting Role Amount Tag Dr /Cr
    CUSTOMER PRINCIPAL_INCR Cr
    SYN_POOL PRINCIPAL_INCR Dr
  • RNDP

    Table 13-55 RNDP

    Accounting Role Amount Tag Dr / Cr
    CUSTOMER PRINCIPAL Cr
    SYN_POOL PRINCIPAL Dr
    CUSTOMER COMPONENT_LIQD Cr
    SYN_POOL COMPONENT_LIQD Dr
    CUSTOMER COMPONENT_PAY Cr
    SYN_POOL COMPONENT_PAY Dr
  • RNDL

    Table 13-56 RNDL

    Accounting Role Amount Tag Dr / Cr
    SYN_POOL COMPONENT_LIQD Cr
    CUSTOMER COMPONENT_LIQD Dr
    SYN_POOL COMPONENT_REC Cr
    CUSTOMER COMPONENT_REC Dr
    SYN_POOL PRINCIPAL Cr
    CUSTOMER PRINCIPAL Dr
  • CAMD

    Accounting Entries are not applicable for this event.

  • ERAM

    Accounting Entries are not applicable for this event.

  • IRAM

    Accounting Entries are not applicable for this event.

  • SGEN

    Accounting Entries are not applicable for this event.

  • PRLQ

    Table 13-57 PRLQ

    Accounting Role Amount Tag Dr /Cr
    CUSTOMER COMPONENT_PAY Cr
    CUSTOMER COMPONENT_REC Dr
    SYN_POOL COMPONENT_PAY Dr
    SYN_POOL COMPONENT_REC Cr
  • RVPR

    Accounting entries are not applicable for this event.

  • REVN

    Accounting Entries are not applicable for this event.

  • MRFX

    Accounting Entries are not applicable for this event.

  • ROBK

    Accounting Entries are not applicable for this event.

  • ROEX

    Accounting Entries are not applicable for this event.

  • ROIX

    Accounting Entries are not applicable for this event.

  • RNOT

    Accounting Entries are not applicable for this event.

  • SPTI

    Table 13-58 SPTI

    Accounting Role Amount Tag Description Cr/ Dr
    Customer PRINCIPAL_ SPTI To the extent of interest to be liquidated. Cr
    Syn_Pool PRINCIPAL_ SPTI Dr
    Customer PRINCIPAL_ LIQD To the extent of the residual principal (Principal O/S – Re-priced Amount) Cr
    Syn_Pool PRINCIPAL_ LIQD Dr
    Customer INTEREST_ LIQD To the extent of interest to be liquidated. Cr
    Syn_Pool INTEREST_ LIQD Dr
  • MRLQ

    Table 13-59 MRLQ

    Accounting Role Amount Tag Description Cr/ Dr
    Customer PRINCIPAL_ MRLQ To the extent of re-priced amount and customer leg routes through Reprice suspense GL. Cr
    Syn_Pool PRINCIPAL_ MRLQ Dr
    Customer PRINCIPAL_ LIQD To the extent of the residual principal (Principal O/S – Re-priced Amount) Cr
    Syn_Pool PRINCIPAL_ LIQD Dr
    Customer INTEREST_ LIQD To the extent of interest to be liquidated. Cr
    Syn_Pool INTEREST_ LIQD Dr
  • MRGI

    Table 13-60 MRGI

    Accounting Role Amount Tag Description Cr/ Dr
    Syn_Pool PRINCIPAL_ INCR To the extent of re-priced amount and customer leg routes through Reprice suspense GL. Cr
    Customer PRINCIPAL_ INCR Dr
  • TXRF

    Table 13-61 TXRF

    Accounting Role Amount Tag Dr /Cr
    COMPONENT_PAY COMPONENT_AMT Dr
    CUSTOMER COMPONENT_AMT Cr
  • TXRV

    Accounting Entries are not applicable for this event.

  • RNET

    Table 13-62 RNET

    Accounting Role AMT_TAG Dr /Cr
    SUSPENSE_GL NETAMNT_PAY Cr
    CUSTOMER NETAMNT_PAY Dr
    SUSPENSE_GL NETAMNT_RECV Dr
    CUSTOMER NETAMNT_RECV Cr

Advices for Participant Drawdown Products

The following events are available for generation of advices:

Table 13-63 Event

Event Advice
BOOK You can associate PAYMENT_MESSAGE with this event.
INIT You can associate PAYMENT_MESSAGE with this event.
FLIQ You can associate PART_FEE_ADV with this event.
LIQD You can associate PAYMENT_MESSAGE with this event.
DNOT You can associate PART_DDOWN_NOTC with this event.
ENOT You can associate PART_EXRT_NOTC with this event.
INOT You can associate PART_INOT_NOTC with this event.
EXFX You can associate PART_EXFX_ADV (MT644) with this event. You need to suppress this advice for the borrower/participant drawdown product if you expect that the exchange rate details are captured during drawdown booking and also the exchange rate details are shared as part of drawdown notice.
IRFX You can associate PART_IRFX_ADV (MT644) with this event.
NOTC You can associate PART_BILL_NOTC with this event.
PRAM You can associate PART_AMND_ADV with this event.
ROLL You can associate PAYMENT_MESSAGE with this event.
CAMD You can associate PART_ROLL_ADV with this event.
SGEN You can associate PAYMENT_MESSAGE with this event.
PRLQ You can associate PAYMENT_MESSAGE with this event.
REVN You can associate INT_REVN_ADV with this event.
MRFX You can associate INT_REVN_ADV with this event.
ROEX You can associate PART_ROEX_ADV with this event. You need to suppress this advice for the borrower/participant drawdown product if you expect that the exchange rate details are captured during drawdown booking and also the exchange rate details are shared as part of Drawdown notice.
ROIX You can associate PART_ROIX_ADV with this event.
RNOT You can associate PART_RNOT_ADV with this event.
TXRF You can associate PAYMENT_MESSAGE with this event.
RNET You can associate PAYMENT_MESSAGE with this event.
RMNT You can associate PAYMENT_MESSAGE with this event.
CREX You can associate PART_CREX_ADV with this event. You need to suppress this advice for the borrower/participant drawdown product if you expect that the exchange rate details are captured during drawdown booking and also the exchange rate details are shared as part of Drawdown notice.

Parent topic: Event-wise Accounting Entries and Advices