1. Loan Syndication
  2. Loans Syndication
  3. Participant Transfer

1.6 Participant Transfer

Participant Transfer is the process of allocating the Participants Commitment between the existing Participants or with a new Participants. This process also supports the removal of an existing Participant by allocating their commitment to another existing or new Participant. This process helps you to amend the Participants commitment based on the amended Facility Agreement.

Participant Transfer Process can be initiated by giving the basic registration details in the Initiation screen, provided you have the required access rights

To initiate Participant Transfer 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 Participant Transfer.
    The Participant Transfer screen is displayedDescription of participant_transfer.png follows
    Description of the illustration participant_transfer.png.
  3. In the Participant Transfer screen, provide the required details.

    Table 1-89 Participant Transfer

    Field Description
    Customer Number Select the Borrower for which the Participant Transfer to be made.
    Business Product Click Search to view and select the required business product.
    Application Date System date will be defaulted as application 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 Participant Transfer Process undergoes the below stages:

1. Participant Transfer Entry

You can make the input at the entry stage. You can view the details about the existing Tranche Participants and be able to amend the respective data segments to amend the Parties or Participants Commitments or related details.

Below data segments are used in this stage.

Parties

Existing Parties details are defaulted and you can to add or remove Participants in the Parties data segment, however you should not add or remove any parties other than the Participants

Tranche Details

Existing details of the Tranche are defaulted and you should not make any changes to the Tranche Details.

Additional Tranche Details

Existing details of the Tranche are defaulted and you should not make any changes to the this data segment.

Lenders Commitment

Participant share of the existing Tranche is defaulted in this data segment and you can amend the details to reflect change in Participant commitment.

Entity Details

Details of the existing Participants are defaulted in this data segment and you can make changes if any Participant is included or removed.

Settlement Details

Details of the existing Participants are defaulted in this data segment and you can make changes if any Participant is included or removed.

2. Participant Transfer 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 Entry stage, 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 can amend the existing Tranche in OBCL with the details captured in the Entry stage.

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
  • Tranche Details
  • Additional Tranche Details
  • Lenders Commitment
  • Entity Details
  • Settlement Details

Related Topics

Parent topic: Loans Syndication