4.5.12 Specifying Parties for the Facility

You can also specify the different types of parties that would be applicable for the borrower facility contract, as well as the applicable parties belonging to the selected type, in the Party Details screen.

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

From the Homepage, navigate to Loans Syndication - Facility Contract Online screen.

1. From the Loans Syndication - Facility Contract Online screen, click Party Type.
   The Party Type screen is displayed.

   Figure 4-23 Party Type

   
   

   
   Description of "Figure 4-23 Party Type"

   
   
2. You can capture the following details in this screen.
   • Party Type

     The party types associated with the borrower facility product is applicable for the contract. The option list displays the same. Select a type from this list.

   • Party ID

     For the chosen party type, you have t select a party from the option list. This list displays all the customers maintained in the system. Upon selection of the ID, the Party Name is displayed alongside.

     Note:

     • You can specify multiple parties for a selected Party Type, if the option Repeating is set to Yes at the product level. If multiple parties are not allowed, you can specify only one party for the selected type.
     • If a Party Type is set as Mandatory, you must specify at least one party for the party type at the contract level.

   For more details on this, refer the heading Associating appropriate party types for borrower facility products in the Defining Products for Loan Syndication topic of this User Manual.