16.2.8 Split Renewal Drawdown Notice to Participant

Consolidated for All Splits

When you send a Split Renewal Drawdown Notice to the borrowing customer, a similar advice has to be sent to the participant bank also. A consolidated advice consisting of details of all the drawdowns are sent to all the participants.

In addition to all the fields included in the Split Renewal Drawdown Notice that is sent to the borrower, the following fields are also included.

• Details of Original Advance
  • The name of the borrower.
  • The original contribution of the participant. This is the base currency equivalent of the amount in the drawdown currency.
  • The participant’s existing amount expressed in the drawdown (optional) currency.
• Details of New Advances – Consolidated list
  • The participant’s contribution for the new drawdown expressed in the base currency.
  • The participant’s contribution for the new drawdown in the optional currency.

Note:

If you have chosen the SWIFT media for sending the advice, then instead of the above mail format, the corresponding SWIFT message, MT643 is generated.