16.2.4 Split Renewal Drawdown Notice to the borrower

Just as you consolidate several drawdowns into one singe loan, you can split one single drawdown into several drawdowns at the time of rollover.

The advice sent to the borrowing customer includes details of the new split loans as well as details of the original loan that was split into the multiple new loans.

• Details of Original Advance
  • The reference number of the tranche to which the new drawdown loan is linked.
  • The date on which the drawdown is booked in the system.
  • The period for interest calculation.
  • The maturity date of the drawdown.
  • The tranche currency (Base Ccy) and amount.
  • The drawdown currency (Optional Ccy) and amount.
• Details of New Consolidated Advances
  • The tranche currency (Base Ccy) and amount.
  • The drawdown currency (Optional Ccy) for each drawdown and the amounts.
  • The date on which the loan is renewed (rolled over).
  • The period for Interest calculation.
  • The maturity dates of the new loans.
  • The exchange rate - if exchange rate has been fixed during rollover booking.

Note:

If the message type is Consol, the Split Drawdown Notice received by each customer includes the details of all the drawdowns. If the message type is Individual, each borrower receives the details pertaining to his own drawdown.