16.2.7 Consolidated Renewal Drawdown Notice to Participant

You can send a Consolidated Renewal Drawdown Notice to the participant bank also when rolling over several drawdowns into a single drawdown.

All the fields available in the Consolidated Renewal Drawdown Notice sent to the borrower are available in this notice as well. In addition, the following new fields are also included.

• Details of New Consolidated Advance
  • The name of the borrowing customer.
  • The participant’s amount in the tranche currency (Base Ccy).
  • The participant’s amount in the drawdown currency (Optional Ccy).
• Details of Original Advances
  • The original amount contributed by the participant for each drawdown. This amount is the base currency equivalent of the amount in the drawdown currency.
  • The participant’s existing amount expressed in the optional currency.

Note:

If you have chosen the SWIFT media for sending the advice, then instead of the above mail format, the corresponding SWIFT message, MT643 isgenerated.