Processing Sighting Fund Rollover/Reprice

5.12 Processing Sighting Fund Rollover/Reprice

Future dated participant transfer is allowed on sighting funds enabled tranche when any of the following future dated events exist for Drawdowns under the tranche:

Uninitiated drawdown with value date in future - BOOK
Future dated principal increase – VAMB
Rollover Child Processing
- Split rollover
  - Future dated drawdown (BOOK) created as part of Future dated Split Rollover Instructions.
  - Future dated Principal Increase (VAMB) on Parent contract for Split Rollover with principal increase.
- Consolidated rollover
  - Future dated drawdown (BOOK) created as part of Consolidated Rollover Instruction.
  - Future dated Principal Increase (VAMB) on Driver contract of Consolidated Rollover with principal increase
- Consol + Split rollover
  - Future dated drawdown (BOOK) created as part of Future dated Consol + Split Rollover Instructions
  - Future dated Principal Increase (VAMB) on Driver contract during Consolidated + Split Rollover with principal increase
Reprice processing
- Partial Split Processing
  - Future dated drawdown (BOOK) created as part of Future dated Split Reprice Instructions.
  - Future dated Principal Increase (VAMB) on Parent contract for Split Reprice with principal increase.
- Merge Processing
  - Future dated Principal Increase (MRGB) on parent contract.

This topic contains the following sub-topics:

Parent topic: Loan Syndication Contracts - Part 2