10.7.3 Processing Settlements

When you book a facility contract in the Loans Syndication – Facility Contract Online screen, you have to capture the Internal Agency ID (CIF Id).

For details on creating a facility contract, refer the section titled Capturing facility details in the Loan Syndication Contracts chapter of this User Manual.

The ID you select for the facility is propagated to the tranche and drawdowns created under it. When the system processes the BOOK/INIT events for the tranche/drawdown, the agency id of the tranche/drawdown is also processed as part of STP. Based on the mapping that exists between the Old Value (which is the Internal Agency ID you select in the Facility Contract Online screen) and the New Value in the Translation Maintenance – Detailed screen for the source code STP, the system picks up the corresponding Agent ID (New Value) for generating the commitment/loan contract in the OL module. The Agent ID is displayed in the Agent CIF field of the OL Contract Online screen.