16.3.6 Exchange Rate Fixing Advice to Participant for Renewed Drawdown

Just as you send an Exchange Rate Fixing Advice to the borrowing customer, you may send a similar advice to the participant bank when the exchange rate is fixed for a renewed drawdown. All the fields (excluding standing instructions fields) explained for the Exchange Rate Fixing Advice to Borrower for the new drawdown is available in this advice as well. In addition, the following fields are also included.

• The date on which the drawdown loan contract is due for a renewal.

Also an advice is generated on the rollover date. This gets a precedence over the advice generated on the day the drawdown is due for a renewal.

Note:

If you have chosen the SWIFT media for sending the advice, then instead of the above mail format, the corresponding SWIFT message, MT644 is generated.