15.6.8 LC Termination Notice

The LC Termination Notice is generated at the borrower level with one bulk message containing all the participant and global details. It consists of a message for each participant and a message for the global details for the borrower. It is generated for full payments on LC drawdown.

You need to maintain the message for the LIQD event for LC drawdown product. The message is generated only if the LC Drawdown preference has been selected at the drawdown level and the status of the LC drawdown contract is Liquidated. If the status is not Liquidated, then the system will suppress the generation of this message.

You cannot manually suppress the message during LC drawdown payment. However, by doing a contact amendment (CAMD) in the Drawdown online screen, you can suppress the message. If needed, before making the payment, an amendment can be done to suppress the notice for the termination and then payment can be done.

The message Ext Deal CUSIP/ISIN captured at the tranche level for the InstrumentId field in Deal Summary.