10.5 Tax Propagation to Bilateral Loans Contracts
When a particular tax rule is waived on borrower side for syndication loans contract, the waiver is propagated to all the participants under the contract. For a self-participant, the taxdetails and the waiver are propagated to bilateral loans contract and the corresponding accounting entries maintained at product level are triggered through STP process. These tax details can be viewed through Tax sub-screen of Loan and Commitment- Contract Input screen.
Parent topic: Straight Through Processing (STP)