1. Loan Syndication
  2. Processing a Value Dated Amendment
  3. Making Value Dated Amendments for a Tranche

9.2 Making Value Dated Amendments for a Tranche

Using the Value Dated Changes function, you can make changes to different components of a borrower tranche or a borrower drawdown under a tranche:
  • The tranche principal amount
  • The maturity date
Any changes to any of these components will be automatically applied to the participant leg of the corresponding tranche.
Specify the User ID and Password, and login to Homepage.
  1. On the homepage, type LBDVAMND and click next arrow.
    The Value Dated Amendment screen is displayed.

    Figure 9-1 Value Dated Amendment


    Description of Figure 9-1 follows
    Description of "Figure 9-1 Value Dated Amendment"

  2. The Contract Details section of the screen displays the following details:
    • Name of the product used in the tranche.
    • Counterparty Id and Name
    • Contract Reference Number
    • Start date of the tranche
    • Currency of the tranche
    • Reference Number of the facility under which the tranche is processed.
    • Number of drawdowns processed under the tranche
    • Reference number of the FpML Contract.
    The Amendment tab displays the following:
    • Current Principal
    • Current Maturity Date
    To make an amendment, select the reference number of the tranche you want to amend and then select Unlock from the menu to unlock the same.
    Specify the following after unlocking the tranche:
    • Amendment Date
      By default, the current system date is displayed as the date of amendment. You can change the date provided the date is:
      • Not later than the maturity date of the tranche.
      • Not earlier than the value date of the tranche.
      • Not earlier than the last liquidation date of the unutilized fee.
      • Not earlier than the latest amendment date.
      After you specify the date, you cannot change it.

    Note:

    The Interest basis gets changed beyond the last payment date you are allowed to calculate the payable receivable amount as required.
    The VAMI for Interest Basis change with value date less than or equal to today is allowed but not allowed with value date less than or equal to the previous VAMI value date. This validation is applicable for both Lead and Non Lead(Wrapper) tranches.
    This topic contains the following sub-topics:

Parent topic: Processing a Value Dated Amendment