15.3.3 Consolidated Exchange Rate Fixing Advice to the Borrower

When you consolidate several drawdowns into a single consolidated drawdown, you need to fix the exchange rate if the currency of the consolidated drawdown is different from the currency of the tranche under which it is initiated or the account to which it is linked. You can then send a Consolidated Exchange Rate Fixing Advice to the borrower.

The following details of the new consolidated drawdown and the original drawdowns are included in the advice.

• Details of New Consolidated Advance
  • The reference number of the tranche to which the new drawdown loan is linked.
  • The date on which the drawdown loan contract is to be renewed.
  • The period for Interest calculation.
  • The maturity date of the drawdown loan.
  • The amount and currency of the main syndicate contract.
  • The exchange rate applied.
• Details of Original Advances
  • The amount of the main syndicate contract.
  • The date on which the drawdown is booked in the system.
  • The period for Interest calculation.
  • The Maturity date of the drawdown.
  • The currency (Base Ccy) of the tranche contract to which the new drawdown is linked.