16.2.9 Split Renewal Drawdown Notice to Participant

Only Individual Split Details

As stated earlier, participants can receive a Split Renewal Drawdown Notice consisting of details of all the drawdowns. But you can also send the notice by including only individual split details that is. each participant receives the details pertaining his/her own drawdown.

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 in this notice.

• 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 contribution expressed in the drawdown (optional) currency.
• Details of New Advance – Only Individual Contract Details
  • The participant’s amount for the new loan, in the base currency.
  • The participant’s amount for the new loan, in the new 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.
• The message type for the Borrower Drawdown Notice is DRAWDOWN_NOTC and that for the Participant Drawdown Notice is PART_DDOWN_NOTC.