16.2.3 Consolidated Renewal Drawdown Notice to the borrower

The main facility borrower contract can have several tranches under it and each tranche can have multiple drawdown contracts linked to it. At the time of rollover, you can choose to consolidate several drawdowns under a tranche into a single consolidated drawdown loan.

The Consolidated Renewal Drawdown Notice is sent to the borrowing customer of the new consolidated drawdown.

The advice includes details of the new consolidated loan as well as details of each of the original loans that were consolidated into the new loan.

New Consolidated Advance

• The reference number of the tranche to which the new drawdown loan is linked.
• The date on which the loans are renewed (rolled over).
• The period for interest calculation.
• The Maturity Date of the drawdown.
• The tranche amount and the currency (Base Ccy) in which it is expressed.
• The drawdown currency (Optional Ccy) and the amount.
• The exchange rate - if exchange rate has been fixed during rollover booking

Original Advances

• The tranche amount and the currency (Base Ccy) in which it is expressed.
• The drawdown currency (Optional Ccy) and the amount.
• The date on which the drawdown is booked in the system.
• The period for interest calculation.
• The maturity date of the drawdown.