3.7 Saving a Loan Syndication Product

After you have specified all the mandatory information required for the product in the product definition screens, you could save the product. You are not allowed to save the product until you have specified all the mandatory information.

When you save the product, the following information is updated and displayed in the status bar of the Product Definition main screen:

• Your User ID in the Input By field.
• The date and time at which you entered the product, in the Date Time field.

In addition, the status of the product is updated as Open and Unauthorized. Another user with authorization rights must authorize it, before you can begin to use it.

• Amortize Product Schedule types for Drawdown Contracts