3.6.1 Mapping Products for Borrower and Participant Contracts
You can associate several tranche products to a facility product. To each of the tranche products, you can associate several drawdown products. Each time you initiate a borrower tranche or drawdown contract under the Facility contract, you have the option of selecting one of the tranche or drawdown products you have associated with the facility product under which you have booked a contract. The system then defaults the attributes of the product to the contract.
Note:
This feature allows you to associate any LC product (which can be treated like a drawdown product) with other drawdown products under a tranche. The participant product that is linked to the borrower facility product while defining the participant product is displayed as the Offset Participant Product.Example
Let us assume that you are maintaining a borrower facility product called SYN2. You have
associated the following products with this product:
- Tranche Products
- Borrower tranche product - BT02
- Participant facility product – PT02
- Drawdown products
- Borrower drawdown (loan) product - BD02
- BT02 for the borrower tranche contract
- PT02 for the participant tranche contract
Parent topic: Specifying Preferences for Syndication Products