Bilateral Loans

Introduction

This section explains the various types of advises and notices generated at each stage for the type of contract that the Loans module handles.

Once the event is authorized you can generate various types of advises and notices at any time of the day. You can also specify the media through which these advises can be sent. For all the advises and notices discussed here the samples are given below.

To generate the advice, click Outgoing Message Browser, under Messages in the Application Browser.

The format and contents of the advises can be configured for your requirements. However, the default advice formats are available when Oracle Lending is shipped to you.

Advises are generated to intimate the customer.

To initiate a contract

You can generate an advice on the initiation of a loan to inform the customer about the details of the initiated loan. Along with the details of contract initiation, the schedules defined for repayment are also printed in the contract initiation advice.

Once an event is authorized, you can generate the advice applicable for the event anytime you want.

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

On the Home page, type OLDOUTBR and click next arrow.

The Outgoing Message Browser screen is displayed.

Figure 14-1 Outgoing Message Browser

Description of "Figure 14-1 Outgoing Message Browser"

The format and contents of the advices can be configured for your requirements. However, the default advice formats are available when Oracle Lending is shipped to you.

Amendments to the Terms of the Loan during its Tenor

You can generate this advice to notify the customer about amendments made to the terms of the loan.

Table 14-1 Amendments to the Terms of the Loan during its Tenor

Advice/Notice	Description
Rollover of a contract	You can generate this advice to notify the customer about the rollover of the loan.
Billing Advice for a loan	You can generate the Billing Notice to inform the customer about a payment that falls due.
Delinquency Notice for a loan	You can generate the Delinquency Notice to inform the customer about a pending payment.

The sample advices for each of these are given in the following sections.

Note:

The loan payment advice that you send to the customer contains exhaustive tax details, as follows: Tax deducted at initiation Tax for each schedule. This includes the tax for each schedule of a component

Advice generated for Contract Initiation

INITIATION ADVICE FOR A LOAN
                Term Loans Discounted Transaction Date: 29-DEC-97 Our Reference No :
                000LTLD973630008 User Reference No : 000LTLD973630008 US1007 7000 Construction Court
                San Diego CA 92121 WE CONFIRM HAVING PLACED WITH YOU Principal Amount
                ------------------------------------------------------------ Principal Amount :
                1,000,000.00 USD Value Date : 29-DEC-97 Maturity Date : 29-JAN-98 Tenor : 31 DAYS
                INTEREST/FEE DETAILS Description Amount CCY Rate Interest Basis
                -------------------------------------------- INTEREST - USD 15 2 BOOKFEES 20,000.00
                USD - - INITCHGS 20,000.00 USD -
                ------------------------------------------------------------Transaction on
                Initiation ------------------------------------------------------------ Component
                Value Date Account Amount CCY
                ------------------------------------------------Component Description Account Branch
                ---------------------------------------------------INTEREST 29-DEC-97
                CORCUF-US1007-010 7,122.00 GBP Interest 000 LDTAX1_AMT 29-DEC-97 CORCUF-US1007-010
                56,973.00 GBP Tax amount Tag LDTAX1_AMT 000 PRINCIPAL 29-DEC-97 CORCUF-US1007-010
                569,723.25 GBP Principal Amount 000
                --------------------------------------------------------YOUR PAYMENT SCHEDULE WILL
                BE AS GIVEN BELOW Component Amount CCY ----------------------------------------
                Schedule Date: 29-JAN-98 INTEREST 12,500.00 USD PRINCIPAL 1,000,000.00 USD
                ------------------------------------------------------------ SETTLEMENT DETAILS
                Component Dr/Cr Br Account CCY
                ---------------------------------------------------------BOOKFEES R
                CORCUF-US1007-01GBP 10 INTEREST R CORCUF-US1007-01GBP 10 LDTAX1_AMT P
                CORCUF-US1007-01GBP 10 LDTAX2_AMT P CORCUF-US1007-01GBP 10 LDTAX3_AMT P
                CORCUF-US1007-01GBP 10 LDTAX4_AMT P CORCUF-US1007-01GBP 10 LDTAX5_AMT P
                CORCUF-US1007-01GBP 10 LDTAX6_AMT P CORCUF-US1007-01GBP 10 PRINCIPAL P
                CORCUF-US1007-01GBP 10 PRINCIPAL_LIQD R CORCUF-US1007-01GBP 10
                ------------------------------------------------------------ Advice generated for
                Roll-over of a Loan ROLLOVER ADVICE FOR A LOAN Loans -Demand Loans Transaction Date:
                31-DEC-97 Our Reference No : 000LDLB973630007 User Reference No : ldbl.05Br0 US1005
                250 - 20th Street Washington D C 20036 THE CONTRACT HAS BEEN ROLLED OVER WITH
                FOLLOWING DETAILS: Principal Amount
                ----------------------------------------------------------- Old Principal Amount :
                450,000.00 USD Principal Amount : 450,150.00 USD Value Date : 31-DEC-97 Maturity
                Date : 02-JAN-98 Tenor : 2 DAYS INTEREST/FEE DETAILS Description Amount CCY Rate
                Interest Basis ---------------------------------------------COMMISION - USD 8
                30[Euro]/360 INTEREST - USD 12 30[Euro]/360 PENINT - USD 6 30[Euro]/360 PENPRN - USD
                6 30[Euro]/360 ARRFEES 12,850.00 USD - INITFEES 10,000.00 USD - LIQDFEES 10,500.00
                USD 3 ROLLFEES 10,000.00 USD -
                ------------------------------------------------------------ Transaction on
                Initiation ------------------------------------------------------------ Component
                Value Date Account Amount CCY Component Description Account Branch ---------
                COMMISION 31-DEC-97 CORCUF-US1005-013 75.75 GBP Commission 000 ROLLFEES 31-DEC-97
                CORCUF-US1005-013 7,550.25 GBP Rollover Fees 000 --------------------YOUR PAYMENT
                SCHEDULE WILL BE AS GIVEN BELOW Component Amount CCY
                ------------------------------------------------------------ Schedule Date:
                02-JAN-98 COMMISION 200.00 USD INTEREST 300.00 USD PRINCIPAL 450,150.00 USD
                ------------------------------------------------------------ SETTLEMENT DETAILS
                ------------------ Component Dr/Cr Br Account CCY
                ---------------------------------------------------------ARRFEES R 000
                CORCUF-US1005-013 GBP COMMISION R 000 CORCUF-US1005-013 GBP INTEREST R 000
                CORCUF-US1005-013 GBP INTEREST R 000 CORCUF-US1005-013 GBP LDTAX3_AMT P 000
                CORCUF-US1005-013 GBP LDTAX5_AMT P 000 CORCUF-US1005-013 GBP LIQDFEES R 000
                CORCUF-US1005-013 GBP PENINT R 000 CORCUF-US1005-013 GBP PENPRN R 000
                CORCUF-US1005-013 GBP PRINCIPAL P 000 CORCUF-US1005-013 GBP PRINCIPAL_INCR P 000
                CORCUF-US1005-013 GBP PRINCIPAL_LIQD R 000 CORCUF-US1005-013 GBP ROLLFEES R 000
                CORCUF-US1005-013 GBP Advice generated for Amendments on a Loan AMENDMENT ADVICE
                Date: 30-DEC-97 Reference No. : 0003P01973630007 Related Reference : BA1000 Sehi
                Center Diplomatic Area Bahrain The Contract has been Amended. The new details are as
                follows: ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Value Date of
                Amendment : 30-DEC-97 THIS IS A COMPUTER GENERATED ADVICE NO AUTHORIZED SIGNATURE IS
                REQUIRED This advice contains the updated values for the following UDFs if the
                contract is an agency contract and provided the ‘Intellect Feed for UDF Change’
                check box is selected in the ‘Loan Parameters’ screen: CUSTOMER RATE DEALER LIBOR
                RATE LATE TRADE RA COST Advice generated for Loan Billing Notice LOAN BILLING NOTICE
                Date: 31-DEC-97 Reference No. : 001LDAB973630001 GB1001 ASHBURN APARTMENTS ASHBURN
                GARDENS LONDON SW7 4DG The Details of the Schedules falling Due as follows:
                ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
                ============================================================ COMPONENT DUE DATE
                AMOUNT ===========================================================Interest 05-JAN-98
                500 ITL ============================================================ THIS IS A
                COMPUTER GENERATED ADVICE NO AUTHORIZED SIGNATURE IS REQUIRED Delinquency Notice
                CUSTOMER DELINQUENCY NOTICE ----------------------------------------------------
                Term Loans Bearing Transaction Date: 28-FEB-98 American Bank, Los Angeles #51 Woods
                North Bend Drive Los Angeles USA Our Reference No : 002LTLB098590004 User Reference
                No : 002LTLB098590004 Value Date : 25-JAN-98 Maturity Date : 27-JAN-98 Contract
                Currency : GBP Principal Amount : 1,000,000.00 Outstanding Principal : 1,000,000.00
                FORD Corporation Address: 250 - 20th Street Washington D C 20036 This is to remind
                you that payment is overdue for the undermentioned schedules.
                ------------------------------------------------------------ Component Ccy Schedule
                Amount Overdue Amount Component Description
                -------------------------------------------------- Schedule Date : 27-JAN-98 Overdue
                Days : 32 COMMISION GBP 438.75 438.75 Commission INTEREST GBP 546.75 546.75 Interest
                PENINT GBP 3.00 3.00 Penalty on O/d Interest PENPRN GBP 4,247.25 4,247.25 Penalty on
                O/d Principal PRINCIPAL GBP 1,000,000.00 1,000,000.00 COMPONENT-WISE OVERDUE SUMMARY
                ------------------------------------------------------------ Earliest Maximum
                Component Ccy Schedule Date Overdue Days Total Overdue Amount Component Description
                ------------------------------------------------------------ COMMISION GBP 27-JAN-98
                32 438.75 Commission INTEREST GBP 27-JAN-98 32 546.75 Interest PENINT GBP 27-JAN-98
                32 3.00 Penalty On O/d Interest PENPRN GBP 27-JAN-98 32 4,247.25 Penalty on O/d
                Principal PRINCIPAL GBP 27-JAN-98 32 1,000,000.00
                ------------------------------------------------------------ THIS IS A COMPUTER
                GENERATED ADVICE. NO AUTHORIZED SIGNATURE IS REQUIRED.