8.3.2 Version Rollover

You have an option to roll over a drawdown into another version that shares the same contract reference number. When updating a version, you can change the product, rolled-over amount, tenor, ICCF, preferences, charges, fees, settlement instructions, linkages, and repayment schedules details. The drawdown rollover to a different version can take place at any stage of its lifecycle and may be executed using a past value date, the current date, or the upcoming maturity date.

You can specify the rollover instructions for version rollover on the Loan Syndication - Version Rollover

Figure 8-8 Loan Syndication - Version Rollover

Description of "Figure 8-8 Loan Syndication - Version Rollover"

Note:

You can specify the version rollover instruction for a drawdown only if Rollover Mechanism is selected as New Version and Rollover Method is selected as Normal.

To Specify the rollover instruction on the LBDRLOVR screen, perform NEW action and select the required active drawdown contract which needs to be rolled over.

When you specify the instruction for the rollover instruction booking date, the RAMD event is initiated on the contract. Additionally, the ROLL and REOP events are also initiated on the rollover value date.

The following are the features of the Version Rollover screen:

• Value date of rollover
  
• Product for the next version
  
• Amount to be rolled over to the next version
  
• Other Loan Parameters for Next Version
  
• Mode of Rollover of a Contract
  
• Reversal of Rollover