10.17 Simplified STP

• STP functionality is used to propagate the Syndication Agency Contract details to the Bilateral Loan through batch jobs.
• LSSTPJB batch job runs in every 10 seconds and its propagating Syndication Agency Contract details at event wise to Bilateral Loan.
• You can view the STP propagation status, Bilateral Loan Contract details at event wise in LBSSTPIB screen.
• Simplified STP is used to propagate the agency contract details such as interest, penalty, fee and tax, so on. to the OL without any recalculation.
• Simplified STP approach would resolve most of the STP failure issue because of amount mismatch.

You can invoke Participant Contract Info screen from LB Tranche Contract Online (LBDTRONL) and DrawDown Online (LBDDDONL) screens.

Or

Specify the User ID and Password, and login to Homepage.

1. On the Homepage, type LBDPTCNI, click next arrow.
   The Participant Contract Info screen is displayed.

   Note:

   The fields which are marked in asterisk red are mandatory fields.

   Figure 10-9 Participant Contract Info

   
   

   
   Description of "Figure 10-9 Participant Contract Info"

   
   
2. Participant contract info screen is used to view the STP propagated OL contract’s amount due and events details.You can give Borrower/tranche reference as input, based on that corresponding OL contract is displayed. You can navigate the OL contract from this screen.
   Main Interest and amount due calculation

   1. Main interest and amount are calculated for agency contract in LS based on selfparticipant ratio.
   2. Self-participant contract’s main interest and amount due are pushed to OL contract without recalculation.
   3. OL contract main interest recalculation should be skipped during propagation.

   Penalty, Tax and Fee calculation

   1. Penalty, tax and fee are calculated for agency contract in LS based on self-participant ratio.
   2. Self-participant contract’s penalty, tax and fee are pushed to OL contract without recalculation.
   3. OL contract’s penalty, tax and fee calculation should be skipped during propagation.

   Liquidate Back value dated Contract Propagation

   1. Back value dated contract LIQD is done in LS for self-participant contract.
   2. Based self-participant contract’s LIQD event, OL contract liquidation happens similar to existing flow during STP propagation.
   3. Cash flow validation is skipped only for Liquidate back value schedules during STP propagation.