4.9.3.5 Specifying Global Tranche Amount

Global Tranche Amount

You can specify the Global Tranche Amount for Participation type of contracts. You can specify the Global Tranche Amount in the Tranche Online screen during new non-lead tranche booking only. You cannot amend the Global Tranche Amount during Tranche amendments. The Global Tranche Amount currency is always same as the Tranche currency.

Note:

If tranche amount resulted after tranche value dated amendment is less than the global LC sublimit level, then the system throws an error.

However, Tranche Global Amount can be amended using the Global Amount Update/ Amendment screen. The GAMD event fires on the Tranche contract while amending the global amount using the Global Amount Update/Amendment screen.