4.35 Floor and Ceiling Maintenance

You can capture floor and ceiling details for all-in rates. You can maintain/amend Floor and Ceiling at the commitment level for the combination of currency, effective date, loan product and interest component.
Specify the User ID and Password, and login to Homepage.
  1. On the homepage, type OLDFLRCL and click next arrow.
    The Floor and Ceiling Maintenance screen is displayed.

    Note:

    The fields which are marked in asterisk red are mandatory fields.

    Figure 4-42 Floor and Ceiling Maintenance


    Description of Figure 4-42 follows
    Description of "Figure 4-42 Floor and Ceiling Maintenance"

  2. You can enter below details in this screen. For information on fields, refer to the field description table.

    Table 4-49 Floor and Ceiling Maintenance

    Field Description
    Contract Ref No The system displays contract reference number.
    Product Code The system displays the product code.
    Customer The system displays the customer name.
    Facility Name The system displays the facility name.
    User Ref No. The system displays the user reference number.
    CCY Select an appropriate currency from the adjoining option list. The list displays all currencies that are allowed for the commitment product.
    Currency Name The system displays the name of the currency you have selected.
    Effective Date The current application date is defaulted as the effective date. Since the effective date cannot be modified, back valued or future value dated Floor and Ceiling maintenance cannot be done.
    Loan Product Select an appropriate loan product from the adjoining option list.
    Interest Component This list displays all fixed, floating, and agency type of interest components associated with the loan product, for all interest component except type Special.
    Base Rate Floor Specify the floor base rate.
    Base Rate Ceiling Specify the ceiling base rate.
    All In Rate Floor Specify the floor all-in rate.
    All In Rate Ceiling Specify the ceiling all-in rate.

    Note:

    • Floor and Ceiling propagation happens for the loan contracts, based on the Floor/ Ceiling maintenance at the Originations (OL) Commitment level, irrespective of the loan being booked through an agency (STP) or booked manually.
    • STP of Floor/Ceiling propagation of drawdown from Agency (LS) happens to the underlying loan contract as well as per current functionality. But the loan contract all-in-rate is validated with the floor/ceiling maintained at the linked commitment.
    • If there is any interest rate mismatch between the mapped components of Drawdown and Loan based on Floor/Ceiling maintenance in a commitment, then STP processing will fail for the Drawdown contracts and such mismatches must be manually handled.
    This topic contains following sub-topics:

Parent topic: Disbursing a Loan