1. Loan Syndication
  2. Loans Syndication
  3. Tranche Non Financial Amendment

1.15 Tranche Non Financial Amendment

Tranche Financial Amendment is the process of modifying the financial details of the existing Tranche Through this functionality, user will be able to make changes to the existing Agency or participant tranche contract. You can increase or decrease the Principal amount or change tranche maturity date.

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

To initiate Tranche Amendment 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 Tranche Amendment Process .
    The Tranche Amendment Process screen is displayed.
    Description of tranche_fin_amend.png follows
    Description of the illustration tranche_fin_amend.png

  3. In the Tranche Amendment Process screen, provide the required details.

    Table 1-171 Tranche Amendment 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.
    Effective Date Choose the effective date of the transaction
    Priority Appropriate priority can be selected
    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 Tranche Financial Amendment Process undergoes the below stages:

    1. Tranche Amendment Entry

      You can make the input at the entry stage. You can view the details about the existing Tranche and able to amend the respective data segments to amend the Tranche amount or maturity date.

      Below Data Segments are used in this stage.

      Parties

      Existing Parties details are defaulted and you should not amend any of the information

      Tranche Details

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

      Tranche Amendment Details

      You can make the changes to the Tranche amount or maturity date in this data segment.

    2. Tranche Amendment 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 you 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
      • Tranche Amendment Details

Related Topics

Parent topic: Loans Syndication