1. Loan Syndication
  2. Loans Syndication
  3. Bulk Payment

1.15 Bulk Payment

Syndication Bulk Payment process enables the user to pay down multiple draw down contracts under the same facility in a single payment process. You can pay down both Principal and Interest components of multiple Loan drawdowns selected under various Tranches of the same Facility.

The basic registration details for Bulk Payment Process can be initiated using this Initiation screen, provided you required access rights.

To initiate Bulk Payment Process

Specify the User ID and Password, and login to Homepage.

  1. On the Homepage, from Corporate Lending, under Operations, click Syndication.
  2. On the Syndication, click Bulk Payment Process .
    The Bulk Payment Process screen is displayed.
    Description of bulk_payment.png follows
    Description of the illustration bulk_payment.png

  3. In the Bulk Payment Process screen, provide the required details.

    Table 1-15 Bulk Payment Process

    Field Description
    Customer Number Select the Borrower for which the Loan amendment to be made.
    Business Product Click Search to view and select the required business product.
    Application Date Select an effective application date from the drop-down calendar. The system defaults the current system date as the application initiation date.
    Facility Details Select the applicable Facility listed upon selecting the Borrower
    Tranche Details Select the respective Tranche under the Facility
  4. Click Initiate to begin the process.

    The process flow for Bulk Payment Process undergoes the below stages:

    1. Bulk Payment Entry

      You can view the details of the Facility and Tranche selected during the initiation, in respective data segments and will be able to amend the details. You can view the details of all the drawdowns under the selected facility and can filter by tranche or borrower. You can select the drawdowns which are to be paid. You can set the limit date and effective date of the bulk payment and can enable if cash match is required or taxes are waived.

      Below Data Segments are used in this stage.

      Parties

      Existing Parties details are defaulted and cannot edit any details

      Bulk Loan Details

      You can view the details of all the drawdowns under the selected facility and able to filter by tranche or borrower to pay down.

      Bulk Payment Details

      You can view the outstanding under the selected loans under various components along with tax. You can capture the payment amount accordingly.

      Review Settlement Account

      You can park any of the component in to the suspense account using this data segment.

      Settlement Details

      All the available Settlement accounts of all the parties are defaulted in this data segment.

    2. Sighting Funds Match Review

      You can reconcile and sight the expected payment from Borrower or Agent. Fund sighting can be either automatic through ML Process or manual. Below Data Segment is used in this stage.

      Match Sighting Fund

      You can view the expected amount details and match the receivable with the Funds sighted through ML process or manually.

    3. Bulk Payment Approval

      You can review and approve all the details captured in the previous stage. If any corrections to be done in the data captured in previous stages, you can send back the application to the Entry stage for correction. Upon approving the application, OBCLPM hands over all the information to OBCL. With this hand off OBCLPM you can pay down multiple draw down contracts in OBCL. Below Data Segments are used in this stage as read-only and you can review all the details in the data segment and cannot edit any details.

      • Parties
      • Bulk Loan Details
      • Bulk Payment Details
      • Review Settlement Account
      • Settlement Details
      • Match Sighting Fund

Related Topics

Parent topic: Loans Syndication