15.7.5 Interest Rate Fixing Notice to Borrower for Split Renewal
This notice is generated to inform the borrowing customer when a drawdown loan is due for a split renewal.
The interest rate fixing notice includes the following details.
- Details of Original Advance
- The reference number of the tranche to which the new drawdown loan is linked.
- The date on which the drawdown loan contract is due for renewal.
- The period for interest calculation
- The Maturity Date of the drawdown
- The tranche currency (Base Ccy) and amount
- The drawdown currency (Optional Ccy) and amount
- Details of New Advances
- The tranche currency (Base Ccy) and amount
- The drawdown currency (Optional Ccy) and amount
- The date on which the drawdown is to be Renewed.
- The period for interest calculation
- The Maturity Date of the drawdown
- The Interest fixing date/time applied on the drawdown.
Parent topic: Interest Rate Fixing Notice