10.7.1 Validating Records Prior to Processing in OL Module

Prior to processing the contract in the OL module, the system ensures the following:
  • The processing date of the commitment/loan contract is less than or equal to the application date of the transaction branch (as selected in the OL Branch field of the LB OL Product and Component Mapping screen).
  • Events prior to the current event of the same contract are in the Processed status, that is, the system processes the events in the order of the event sequence number. For instance, if the BOOK event is in the Failed or Unprocessed status, the system does not process the INIT event for that contract.
  • Mapping exists between the LB and OL product and components of the product (in the LB OL Product and Component Mapping screen) and between the customer and agency id (in the Loan Syndication – Facility Contract Online screen).
  • The outstanding balance of the drawdown/tranche contract of the self-participant in LB module is equivalent to the corresponding loan/commitment contract in the OL module.

This topic contains the following sub-topics: