16.2.6 Renewal Drawdown Notice to the Participant Bank

This notice is generated to inform the participant bank when a drawdown loan is due for renewal. It includes all the fields (excluding Standing Instructions field) available in the New Drawdown Notice to the Participant Bank.

Also, a notice is sent on the renewal day. This gets a precedence over the advice generated on the day the drawdown is due for a renewal.

Note:

If you have chosen the SWIFT media for sending the advice, then instead of the above mail format, the corresponding SWIFT message, MT643 is generated.