12.2.3 Borrower Drawdown Product
The possible events and event-wise accounting entries and advices for a borrower drawdown product is tabulated below.
Events to be Associated with Borrower Drawdown Products
The following events are applicable to borrower drawdown products:Table 12-17 Events to be Associated with Borrower Drawdown Products
Event | Description |
---|---|
BOOK | Triggered when a borrower drawdown contract is booked. |
INIT | Triggered when a borrower drawdown contract is initiated. |
LIQD | Triggered when there is a repayment for the principal component under the drawdown contract. |
FLIQ | Triggered when fees are liquidated for a contract that uses the product. |
CROL | Triggered when a consolidated rollover occurs. |
DNOT | Triggered upon generation of a DD notice. |
ENOT | Triggered when an exchange rate fixing notice is generated. |
EXFX | Triggered on the date when the exchange rate is fixed for the drawdown. |
INOT | Triggered when an interest rate fixing notice is generated for the drawdown. |
IRFX | Triggered on the date when the interest rate is fixed for the drawdown. |
VAMB | Triggered when a value dated amendment (of Principal or Maturity Date) is booked for the drawdown. |
VAMI | Triggered for a drawdown when a value dated amendment is initiated or becomes effective in the system. |
NOTC | Triggered when a billing notice is generated for the drawdown. |
PRAM | Triggered when a participant transfer occurs for the drawdown. |
ROLL | Triggered when a drawdown is rolled over. |
CAMD | Triggered when a drawdown undergoes an amendment. |
ERAM | Triggered when the exchange rate of the drawdown is amended. |
IRAM | Triggered when the interest rate of the drawdown is amended. |
SGEN | Triggered when a settlement message is generated for the drawdown. |
RVPR | Triggered upon reversal of payables and receivables for a drawdown. |
PRLQ | Triggered upon liquidation of payables and receivables |
REVN | Triggered when a back dated floating interest rate code is revised. It is also triggered when a floating interest rate code is revised on the current application date. |
MRFX | Triggered when a back dated margin rate revision occurs. |
RNOT | Triggered when capturing the rollover instructions for a drawdown. |
ROIX | Triggered when DD interest rate is fixed while capturing the rollover instructions |
ROEX | Triggered when DD exchange rate is fixed while capturing the rollover instructions. |
SPTB | Triggered when a split re-price booking occurs for the parent contract. |
SPTI | Triggered when a split re-price initiation occurs for the parent contract. |
SPIX | Triggered when split re-price interest rate fixing occurs for the parent contract. |
SPEX | Triggered when split re-price exchange rate fixing occurs for the parent contract. |
SPNT | Triggered when split re-price notice is generated for the parent contract. |
SPTR | Triggered when split re-price reversal occurs for the parent contract. |
MRGB | Triggered when merger re-price booking occurs for the parent contract. |
MRGI | Triggered when merger re-price initiation occurs for the parent contract. |
MRLQ | Triggered when merger re-price liquidation occurs for the child contract. |
MRGR | Triggered when merger re-price reversal occurs for the parent contract. |
RNET | Triggered on the date rollover is fired. |
RMNT | Triggered when Payment Message is generated based on settlement days (Currency). |
CREX | Triggered when exchange rate is fixed during consolidated rollover booking |
CRIX | Triggered when interest rate is fixed during consolidated rollover booking. |
CRNT | Triggered to generate the consolidated rollover notice when consolidated rollover is booked. |
Event-wise Accounting Entries for Borrower Drawdown Products
The possible accounting entries for the various events are given below:- BOOK
Table 12-18 Book
Accounting Role Amount Tag Dr /Cr CUSTOMER COMPONENT_LIQD Dr SYN_POOL COMPONENT_LIQD Cr - INIT
Table 12-19 Init
Accounting Role Amount Tag Dr / Cr SYN_POOL PRINCIPAL Dr CUSTOMER PRINCIPAL Cr CUSTOMER COMPONENT_LIQD Dr SYN_POOL COMPONENT_LIQD Cr SYN_POOL PRINCIPAL_ADDL Dr CUSTOMER PRINCIPAL_ADDL Cr SYN_POOL PRINCIPAL_ROIN Dr ROLL_WASH PRINCIPAL_ROIN Cr COLLAT_DECR (Special amount is +ve) Borrower Collateral Ac Dr COLLAT_DECR (Special amount is +ve) Customer Cr COLLAT_INCR(Special amount is -ve) Customer Dr COLLAT_INCR(Special amount is -ve) Borrower Collateral Ac Cr - LIQD
Table 12-20 LIQD
Accounting Role Amount Tag Dr /Cr CUSTOMER PRINCIPAL_LIQD Dr SYN_POOL PRINCIPAL_LIQD Cr WASH PRINCIPAL_WAIV Dr SYN_POOL PRINCIPAL_WAIV Cr CUSTOMER COMPONENT_LIQD Dr SYN_POOL COMPONENT_LIQD Cr EXPENSE COMPONENT_WAIV Dr SYN_POOL COMPONENT_WAIV Cr COLLAT_INCR(Special amount is +ve) Borrower Collateral Ac Cr COLLAT_INCR(Special amount is +ve) Customer Dr COLLAT_DECR (Special amount is -ve) Customer Cr COLLAT_DECR (Special amount is - ve) Borrower Collateral Ac Dr - FLIQ
Table 12-21 FLIQ
Accounting Role Amount Tag Dr /Cr CUSTOMER COMPONENT_LIQD Dr SYN_POOL COMPONENT_LIQD Cr - RNET
Table 12-22 RNET
Accounting Role AMT_TAG Dr /Cr SUSPENSE_GL NETAMNT_RECV Dr CUSTOMER NETAMNT_RECV Cr SUSPENSE_GL NETAMNT_PAY Cr CUSTOMER NETAMNT_PAY Dr - CROL
Accounting Entries are not applicable for this event.
- DNOT
Accounting Entries are not applicable for this event.
- ENOT
Accounting Entries are not applicable for this event.
- EXFX
Accounting Entries are not applicable for this event.
- INOT
Accounting Entries are not applicable for this event.
- IRFX
Accounting Entries are not applicable for this event.
- NOTC
Accounting Entries are not applicable for this event.
- PRAM
Accounting Entries are not applicable for this event.
- ROLL
Table 12-23 ROLL
Accounting Role Amount Tag Dr /Cr CUSTOMER PRINCIPAL_LIQD Dr SYN_POOL PRINCIPAL_LIQD Cr ROLL_WASH PRINCIPAL_ROLL Dr SYN_POOL PRINCIPAL_ROLL Cr ROLL_WASH COMPONENT_ROLL Dr SYN_POOL COMPONENT_ROLL Cr - VAMB
Table 12-24 VAMB
Accounting Role Amount Tag Dr /Cr SYN_POOL COMPONENT_LIQD Cr CUSTOMER COMPONENT_LIQD Dr - VAMI
Table 12-25 FLIQ
Accounting Role Amount Tag Dr /Cr CUSTOMER PRINCIPAL_INCR Cr SYN_POOL PRINCIPAL_INCR Dr - CAMD
Accounting Entries are not applicable for this event.
- ERAM
Accounting Entries are not applicable for this event.
- IRAM
Accounting Entries are not applicable for this event.
- SGEN
Accounting Entries are not applicable for this event.
- CREX
Accounting Entries are not applicable for this event.
- PRLQ
Table 12-26 RNET
Accounting Role AMT_TAG Dr /Cr CUSTOMER COMPONENT_REC Dr CUSTOMER COMPONENT_PAY Cr SYN_POOL COMPONENT_PAY Dr SYN_POOL COMPONENT_REC Cr - RVPR
Accounting entries are not applicable for this event.
- REVN
Accounting Entries are not applicable for this event.
- MRFX
Accounting Entries are not applicable for this event.
- ROBK
Accounting Entries are not applicable for this event.
- ROIX
Accounting Entries are not applicable for this event.
- RNOT
Accounting Entries are not applicable for this event.
- SPIT
Table 12-27 SPIT
Accounting Role Amount Tag Description Cr/ Dr Customer PRINCIPAL_SPTI To the extent of the re-priced amount and customer leg routes through re-price suspense GL. Dr Syn_Pool PRINCIPAL_SPTI Cr Customer PRINCIPAL_LIQD To the extent of the residual principal (Principal O/S – Re-priced Amount) Dr Syn_Pool PRINCIPAL_LIQD Cr Customer INTEREST_LIQD To the extent of interest to be liquidated. Dr Syn_Pool INTEREST_LIQD Cr - MRLQ
Table 12-28 MRLQ
Accounting Role Amount Tag Description Cr/ Dr Customer PRINCIPAL_MRLQ To the extent of re priced Amount and customer leg routes through Reprice suspense GL. Dr Syn_Pool PRINCIPAL_MRLQ Cr Customer PRINCIPAL_LIQD To the extent of residual principal (Principal O/ S – Re-priced amount) Dr Syn_Pool PRINCIPAL_LIQD Cr Customer INTEREST_LIQD To the extent of interest to be liquidated. Dr Syn_Pool INTEREST_LIQD Cr - MRGI
Table 12-29 MRGI
Accounting Role Amount Tag Description Dr/ Cr Syn_Pool PRINCIPAL_INCR To the extent of re priced Amount and customer leg routes through Reprice suspense GL. Dr Customer PRINCIPAL_INCR Cr
Event-wise Advices for Borrower Drawdown Products
The following events are available for generation of advices:Table 12-30 Event-wise Advices for Borrower Drawdown Products
Event | Advice |
---|---|
BOOK | You can associate the PAYMENT_MESSAGE with this event. |
INIT | You can associate the PAYMENT_MESSAGE with this event. |
FLIQ | You can associate the BORR_FEE_ADV with this event. |
LIQD | You can associate the PAYMENT_MESSAGE with this event. |
DNOT | You can associate the DRAWDOWN_NOTC with this event. |
ENOT | You can associate the BORR_EXRT_NOTC with this event. |
INOT | You can associate the BORR_INOT_NOTC with this event. |
NOTC | You can associate the BORR_BILL_NOTC advice with this event. |
ROLL | You can associate the PAYMENT_MESSAGE with this event. |
VAMB | You can associate the PAYMENT_MESSAGE with this event. |
VAMI | You can associate the PAYMENT_MESSAGE with this even. |
EXFX | You can associate the BORR_EXFX_ADV (MT644) with this event. You need to suppress this advice for the borrower/participant drawdown product if you expect that the exchange rate details are captured during drawdown booking and also the exchange rate details are shared as part of Drawdown notice. |
IRFX | You can associate the BORR_IRFX_ADV (MT644) with this event. |
CAMD | You can associate BORR_ROLL_ADV advice with this event. |
SGEN | You can associate PAYMENT_MESSAGE with this event. |
ROBK | You can associate BORR_ROLL_ADV with this event. |
EXFX | You can associate BORR_EXFX_ADV with this event. |
IRFX | You can associate BORR_IRFX_ADV with this event. |
PRLQ | You can associate PAYMENT_MESSAGE with this event. |
REVN | You can associate INT_REVN_ADV with this event. |
MRFX | You can associate INT_REVN_ADV with this event. |
ROIX | You can associate BORR_ROIX_ADV with this event. |
ROEX | You can associate BORR_ROEX_ADV with this event. You need to suppress this advice for the borrower/participant drawdown product if you expect that the exchange rate details are captured during drawdown booking and also the exchange rate details are shared as part of Drawdown notice. |
RNOT | You can associate BORR_RNOT_ADV with this event. |
RNET | You can associate the PAYMENT_MESSAGE with this event. |
RMNT | You can associate the PAYMENT_MESSAGE with this event. |
PNTC | Event to generate Payment Notice and Payoff Notice. |
INNC | Event to generate Insurance Expiry Notice and 45 Day Flood Notice – Escrow and Non Escrow. |
CREX | You can associate BORR_CREX_ADV with this event. You need to suppress this advice for the borrower/participant drawdown product if you expect that the exchange rate details are captured during drawdown booking and also the exchange rate details are shared as part of Drawdown notice. |
Parent topic: Event-wise Accounting Entries and Advices