3.3.1.3 Specifying Other Preferences

Table 3-1 Borrower Product Preferences - Other Preferences

Fields	dESCRIPTION
Prime Loan	Oracle Banking Corporate Lending enables you to pay the interest applicable on the principal. This is applicable only if you select the Prime Loan check box. You also need to select the Liquidate Interest on Prepayment check box at the contract level (in the Drawdown Contract Online screen) to liquidate the interest component. Note: If you do not select the ‘Liquidate Interest on Prepayment’ check box at the contract level, the system treats the prepayment against a Prime Loan as normal prepayment, where the principal alone is liquidated even if the interest schedules are due or overdue. You can pay the interest component along with the principal either on the frequency-based schedule or at the time of principal prepayment. In case of the latter, interest is calculated only on the principal prepaid. Onselecting the Prime Loan check box, Oracle Banking Corporate Lending allows you to define only a bullet schedule for the principal component. Note: At the time of amendment of the product, you cannot change the value of the Prime Loan check box.
Assignment Validations Applicable	Select this check box if the assignment validations are applicable at the product level. If this field is deselected, then you cannot amend this field at the contract level. Note: Based on the product level selected, the system defaults this field to the Tranche online.
Suppress Advices	Select this check box to indicate advices should be suppressed for all contracts booked under this product (say for example, an LC product). If you check this box for a drawdown product, all the advices are suppressed for contracts booked under the drawdown product. The advices being generated for the tranche contract is also suppressed for such drawdowns. For those products for which you have selected the box Suppress Advice: You have to maintain settlements through internal GLs Forward processing will not be applicable
Int/Fee Distribution	You can indicate the method in which the interest and fee components have to be distributed among the participants when an assignment is executed before the liquidation date. Lender of Actuals – if you select this option, Interest and fee liquidation schedules are distributed among the participants based on the old participant ratio for the period before the Participant Ratio Amendment Date (PRAM Value Date) and the new ratio for the period after the PRAM value date. Lender of Records - If you select this option, the Interest and fee liquidation components are distributed among the participants based on the ratio existing at the time of liquidation. Note: This option is applicable to both fee and interest components.
Sighting Funds Applicable	Select this check box to indicate that sighting funds is applicable for the Borrower drawdown product. Note: Compensatory component is not available for schedule definition. The Main interest component schedules are internally considered for the Compensatory component.
Floor/Ceiling Restricted to Base Rate	Select this check box if you want to maintain floor and ceiling only for base rate.
Media Priority	Select this check box to indicate that the media priority is required for the Borrower drawdown product.
Bankers Acceptance	This check box is enabled only if the payment type is Discounted for the drawdown product. Ensure to deselect Liqd of Interest on Prepaid Principal and Allow Rollover before selecting Bankers Acceptance. Note: Sighting Funds Applicable’ check box is disabled if the payment type is 'Discounted' for the drawdown product.
Allow schedules for discounted	The Allow schedules for discounted and Track Pay Receive check box are selected if the Payment Type is Discounted or True Discounted. The periodic interest payment schedules are supported if the Payment Type is Discounted or True Discounted. Note: Rollover is supported for discounted products also if the Payment Method is Discounted or True Discounted and if the Allow Rollover check box is selected at the product level.