16.7.8 Interest Rate Fixing Notice to Participant

Interest Rate Fixing Notice to Participant for Consolidated Renewal Drawdown

This notice is generated to give the participant customer a consolidated view of the interest rate fixing done for a drawdown loan. All the fields available in the Interest Rate Fixing Notice to the Borrower are available in this notice. In addition, the following fields are included.

• Details of New Consolidated Advance
• The name of the borrowing customer
• The amount contributed by the participant bank and the base currency in which it is expressed.
• The participant’s amount in the optional currency
• Details of Original Advances
• The Participant’s existing amount (Base Currency equivalent)
• The Participant’s existing amount (Optional currency amount)

Note:

In case you have chosen the media as SWIFT, an MT643 is generated instead of the above mail format.