3.5.2 Specifying the Product Type

The product type is the first attribute that you specify for a participant product. It indicates the category under which the product can be placed, and the type of contract that is processed against the product.

Each participant-level product that you define could be used to process any of the following types of contracts that are created under a corresponding borrower contract, as applicable at each level:

• Facility products, for processing participant facility contracts that are created under corresponding borrower facility contracts.
• Tranche products, for processing participant tranche contracts that are created under corresponding borrower tranche contracts.
• Drawdown products, for processing participant drawdown contracts that are created under corresponding borrower drawdown contracts.
• Collateral Online, for creating and posting collateral online contract for each tranche.
• Collateral Settlements, for creating and posting collateral settlement contract for each tranche.

You can select the required product type in the Product Type field, in the Loan Syndication – Participant Product Definition screen.

Note:

If you have selected the product type as Collateral Online or Collateral Settlements, the following are disabled:

• Override Limit and Stop Limit fields
• Preference, ICCF, Fee, Tax, and Dairy Event buttons