5.2.3.12 Viewing Revaluation Schedules

If Reval Reqd is Yes, Oracle Banking Corporate Lending creates the revaluation schedules based on the Frequency, Start Month and Start Day you specify as part of the revaluation preferences for the drawdown. The system also takes into account the holiday preferences in the Holiday Treatment for Schedule section of the SCHEDULE tab to arrive at the schedule dates.

The following Contract Details are displayed in this screen:

• Product Code
• Contract Reference Number
• User Reference Number
• Customer

The following Revaluation Schedules details are displayed in the Contract tab for each schedule:

• Schedule Date: This is the date on which revaluation occurs. For instance, if you have a drawdown initiated on 1-Dec-06 with the Revaluation Frequency as Monthly and Start Day as 15. The revaluation schedules would be 15-Dec-06, 15-Jan-07, and so on.
• Rate Code and Rate Type: These correspond to the Exchange Rate Code and Exchange Rate Type respectively that is used to convert the amount in the drawdown currency to its equivalent in the tranche currency.
• Status: This indicates the status of the revaluation process as on the revaluation schedule date and can display any one of the following values for a schedule:
  • Processed: Indicates a successful revaluation process.
  • Skipped: Indicates a skip in the process as a result of the revaluation date falling before the current rate fixing end date. Also applicable if the revaluation schedule is in the past for back valued drawdowns.
  • Failed: Indicates a failure in applying revaluation due to reasons such as nonavailability of the rate or if the new rate results in lack or insufficient availability of funds.
  • Unprocessed: Applicable for all future schedules.
• Applied Date: Indicates the date on which the revaluation was successfully applied. For instance, say that revaluation fails on 15-Jan-07 as a result of the drawdown amount exceeding the tranche available amount, after conversion with the new rate. On 16-Jan- 07, during BOD batch, Oracle Banking Corporate Lending will try to perform a reval using the rate available on 16-Jan-07. If revaluation succeeds, the Applied Date would be 16-Jan-07.
• Applied Rate: This is the rate that was applied for revaluation i.e. the rate using which the amount in the drawdown currency was converted to its equivalent in the tranche currency.
• Remarks: Displays the remarks such as reasons for success, failure, and so on.

Note:

• Auto revaluation is initiated on the schedule dates as part of automatic batch processes run during the EOD operations at your branch. The BOD batch process takes up only the failed schedules and will not include the schedules due on that date.
• If you change the maturity date of the drawdown through a VAMI (Value Dated Amendment Initiation), the system repopulates the revaluation schedules in accordance with the new maturity date.

For more details on revaluation, refer the heading titled Processing revaluation of drawdowns in this chapter.