8.3.8.2 Specifying Consolidation Preferences
After selecting the combination of counterparty, product, currency and value date for drawdown selection, you have to capture the following in the Consol Details section of the screen.
Table 8-8 Consolidation Preferences
Fields | Description |
---|---|
Child Contract Ref No | You have to select the child drawdowns that have to be consolidated
as part of rollover. The option list displays all drawdowns with the
same combination of counterparty, product, currency and maturity date
that you select. Select a drawdown from this list.
Click the Add Row button to select the next drawdown from the list. |
Principal Roll Amt | The system displays the outstanding principal that can be rolled over
for each child drawdown. You can amend the outstanding principal, if
required. This amount can be either greater than or lesser than the
outstanding principal amount. The system treats this as a special amount
rollover.
In the case of Principal + Interest rollover, in addition to displaying the outstanding principal, the system displays the interest to be capitalized for each drawdown in the Interest Roll Amt field. You cannot amend this amount. PIK Roll amount gets updated if the PIK Rollover with capitalization is checked for parent contract. The system validates if all the parent contracts should have the same value for PIK Rollover with capitalization. An appropriate error will be displayed during save of the consol rollover. |
Cash Interest Amount | Specify the interest amount to be liquidated for each parent contract at the borrower level and the cash interest amount can be lesser than or equal to the outstanding interest of parent drawdown. |
Driver Contract | From the list of child drawdowns selected for consolidation, you have
to designate one of them as the Driver Contract.
The consolidated drawdown (generated upon rollover) inherits the
preferences (information such as settlement details, schedules, MIS
details and so on) of the driver contract you select here.
Note:
|
PIK Rollover Amt | Calculated PIK margin amount for the specified child drawdown contract gets displayed here. |
Parent topic: Specifying Details for Consolidation Rollover