5.8 Processing Participant Contracts
When you BOOK a borrower tranche, the system creates the
related participant contracts. It picks up the participant tranche product linked to the
borrower tranche product (in the Loans Syndication – Facility Product
Preferences screen) and the participant details maintained for the
borrower tranche contract to create the corresponding participant tranche.
In the same manner, it picks up the participant drawdown product to create the participant drawdowns. The contract uses the participant details maintained for the borrower tranche contract.
The processing of participant contracts depends on the Participant Process mode, whether Job or Online, set for your branch. You have to specify this as part of defining parameters for your branch in the Branch Parameters – Detail screen.Specify the User ID and
Password, login to Homepage.