1.3 Post Mandate Agent
Use Post Mandate Agent process to manage agency related activities of the agent
Post Mandate Agent process manages agency related activities of the Agent post assuming the role of an Agent after the execution of the Mandate Letter. This process manages the Preparation of Transaction Documents, Co-ordination with Arrangers and participant Banks, KYC of all the syndication parties, Execution of Transaction Documents and Condition Precedent Satisfaction. Upon completion of the Origination process, the details are handed over to Operations Enrichment Process for the creation of Facility and Tranches in OBCL.
- Entry
The data available during the Pre-Mandate are automatically fed in or captured manually. You can capture the additional data required. You can capture the details and send the details to the Legal Counsel for the preparation of the Transaction Docs.
- Transaction Docs Scrutiny
You can review the draft transaction documents. If any amendments required, it is send back to the legal counsel. If no amendments required, then send it to arrangers for review.
- Arranger Comments Review
After the arrangers review, the arranger comments are reviewed. If any amendments required, it is send back to the legal counsel. If no amendments required, then send it to Borrower for review.
- Borrower Comments Review
After the Borrower’s review, the Borrower comments are reviewed. If any amendments required, it is send back to the legal counsel. If no amendments required, then final allocation of lenders is checked.
- KYC and Allocation Verification
After the documents are finalized, final allocation of lenders, KYC and all the internal departmental approvals are checked for completion. If the allocation is not finalized, send back to legal with the finalized allocation. If KYC completion and internal department’s approvals are pending, then you can wait until these are completed. Completion of KYC and internal departmental approvals are outside OBCLPM.
- Transaction Docs Execution
After the KYC of all parties, all the internal departmental approvals and final allocation of lenders are in place, send Transaction documents to all the parties for execution. You can track the execution status of all the documentss for all the parties. After sending processed documents to all the parties, data is handed off to the operations team for creation of Facility and Tranche.
- Review Condition Precedent Satisfaction
You can wait for the Condition Precedent to be satisfied, after satisfaction send it for approval.
- Approve Condition Precedent Satisfaction
If Condition Precedent Satisfaction is satisfied. You can approve it and then with this Post Mandate Agent process ends.