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

1.17 Syndication Payment

Syndication Payment Process is to make the repayment of the Principal and interest of the Syndication Loan contract. This process handles the Loan repayment for both Agency and Participant deals. The process flow for Payment Process undergoes the below stages:
  1. Payments Entry Upon initiating the Payment process by selecting the right Facility, Tranche and Loan contract, you can capture the Payment details of the Loan in the Payments Entry stage. You can view the Scheduled breakup of the Loan to override the settlement instruction if required.
  2. Sighting Funds Match Review you can reconcile and sight the expected payment either from Borrower or Agent. Fund sighting can be either automatic through ML Process or manual.
  3. Payments Approval The Payment details are reviewed for approval. If all the information are correct and no amendments required, then the data is handed off to OBCL to process the Loan Payment.

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

To initiate 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 Payment Process .
    The Payment Process screen is displayed.Description of syndication_payment.png follows
    Description of the illustration syndication_payment.png
  3. In the Payment Process screen, provide the required details.

    Table 1-178 Payment Process

    Field Description
     Customer Select the Borrower for which the Loan payment to be made.
    Facility Reference Number Select the Facility Reference Number
    Tranche Reference Number Select the respective Tranche under the Facility
    Contract Reference Number Upon searching the contracts under the Facility and Tranche select the Loan Contract
    Business Product Click Search to view and select the required business product.
    Effective Date Select an effective application date from the dropdown calendar. The system defaults the current system date as the application initiation date.
    Priority Click High/Medium/Low button as per the priority.
  4. Click Initiate to begin the process.

Related Topics

Parent topic: Loans Syndication