4.9.16 Identifying Participants as Issuers of LC

At the time of booking a tranche, you can capture the participants of the tranche as issuers of LC in the LC Issuer Mapping Details screen.

Specify the UserID and Password, and login to Homepage.

From the Homepage, navigate to LB Tranche Contract Online (LBDTRONL) screen.

1. From the LB Tranche Contract Online screen, click LC Issuer.
   The LC Issuer Mapping Details screen is displayed.

   Figure 4-56 LC Issuer Mapping Details

   
   

   
   Description of "Figure 4-56 LC Issuer Mapping Details"

   
   
2. The LC Issuance Fees are paid to only those participants who are identified as issuers of LC. This fee is computed on the outstanding amount of all the LC drawdowns for that issuer. The customer codes and the names of all participants of the tranche are displayed here. You have to associate each possible issuing bank with an Issuing Bank Number. At a time, you can associate a maximum of ten participants with issuing bank numbers. The drop-down list consists of numbers ISSUER1, ISSUER2 up to ISSUER10. This list defaults to all LC type of drawdowns processed under the tranche. At the drawdown level, you can select an LC issuer from this list.

   Note:

   You need not associate an issuing bank number if a participant is not an issuing bank.

   • You cannot assign the same issuing bank number to multiple participants.
   • After you authorize the tranche, you cannot change the issuing bank numbers assigned to the participants.
   • If you add a new participant through a Participant Ratio Amendment (PRAM) and the participant is a possible LC issuing bank, you have to amend the tranche and then assign an issuing bank number to the participant through the above screen.