5.3.1 Processing Contracts For Secondary Loan Trading

If you have selected the Payment Browser preference as part of the preferences for the branch for secondary loan trading (in the Secondary Loan Trading – Branch Parameters screen), then the system processes the payments meant for trading through the Payment Browser screen. The payments that are processed through this browser are:

• Buy Trade payments
• Pay/Rec liquidation (applicable only for Lender of Record type of Trades)
• Fees on Trade Sells for unfunded commitment.
• Rebooked trades due to reversal and rebooking of trades after settlement.
• Transfer fees payable to Agents and Counterparties (where the transfer fee currency is different from the settlement currency)
• Buy Trade payments, Pay/Rec liquidation, fees on Trade Sells and transfer fees for agents and counterparties settled as part of EOD.