3.5.2 Specifying the Product Type
The product type is the first attribute that you specify for a participant product. It indicates the category under which the product can be placed, and the type of contract that is processed against the product.
Each participant-level product that you define could be used to process any of the
following types of contracts that are created under a corresponding borrower contract,
as applicable at each level:
- Facility products, for processing participant facility contracts that are created under corresponding borrower facility contracts.
- Tranche products, for processing participant tranche contracts that are created under corresponding borrower tranche contracts.
- Drawdown products, for processing participant drawdown contracts that are created under corresponding borrower drawdown contracts.
- Collateral Online, for creating and posting collateral online contract for each tranche.
- Collateral Settlements, for creating and posting collateral settlement contract for each tranche.
You can select the required product type in the Product Type field, in the Loan Syndication – Participant Product Definition screen.
Note:
If you have selected the product type as Collateral Online or
Collateral Settlements, the following are disabled:
- Override Limit and Stop Limit fields
- Preference, ICCF, Fee, Tax, and Dairy Event buttons
Parent topic: Creating Participant Products