Specifying Billing Date

On the Homepage, Type OLDFFMBR and click next arrow.

The Free Format Messages - Multiple Borrowers screen is displayed.

Figure 2-12 Billing Date

You can enter below details in this screen. For information on fields, refer to the field description table.

Table 2-6 Billing Date

Field	Description
Billing Date	Specify the date on which the free format message needs to be generated.
Schedule Date	A schedule date: Should be later than or the same as the Value Date. You can have only one schedule for a component for a date. It cannot be beyond the Maturity Date
Fee Components	The fee components are defined in the Fee Details sub-screen of Loans and Commitment Product Definition screen.
Principal Amount	Principal amount is the loan amount.
Property Code	Select the property code during Payment Notice message generation from the adjoining option list. This list displays only those property codes that are linked to the loan/drawdown selected. This option list is enabled only if the value of Property Selection Required UDF is Yes. Otherwise, this option list is disabled. The following UDFs in the Message Format Template Maintenance screen are used for message generation based on the predefined parameters by the user: UDF - Property Selection Required Values - Yes/No UDF - Notice Type Values - Payoff/Payment/Null If the value of Property Selection Required UDF is Yes, then system does the following: The Property Code option list is enabled in the Free Format Messages - Multiple Borrowers screen and property related details are shown in the notice. If the loan/drawdown is linked to the property and you do not select the Property Code in the Free Format Messages - Multiple Borrowers screen, then system displays an appropriate error message. If the loan/drawdown is not linked to any property, then system does not allow message generation and gives an appropriate error message. If the value of Property Selection Required UDF is No, then system does the following: The Property Code option list is disabled during message generation and system shows all the properties linked to the loan/drawdown in the notice. If the loan/drawdown is not linked to any property, system does not allow message generation and gives an appropriate error message. The event PNTC is used as a related event to generate the Payment Notice and Payoff Notice for loans and drawdowns. The event ZFMG (Free Format Messaging) is triggered at the contract level for processing free format messages. The following points on Payment Notice are noteworthy. Payment Notice is a free format message generated manually, prior to the component due date. You should maintain a template for Payment Notice using Message Format Template Maintenance screen. If only one property detail is required in the message, then you should maintain the value of Property Selection Required UDF as Yes. During message generation, you should select the property code that needs to be displayed in the message. For Payment Notice, you should maintain the value of Notice Type UDF as Payment in the Message Format Template Maintenance screen. On selecting the Payment Notice free format template, you can define values for user input fields. On clicking the Message Preview or Generate button, you can define the property code linked to the loan, date on which the free format message needs to be generated in the Billing Date screen. Only current dated and backdated dated payment notice generation is allowed. Based on the value defined for the UDF Escrow Type at the interest class level, the escrow impounding components are identified. Table 2-7 If there are multiple escrow components with same Escrow Type, then the balance of each component is added to arrive at the escrow balance. While generating free format messages for borrower or participant drawdown contracts, if the UDF value for COMPONENT-TYPE at interest class level is SERVICER-FEE for payment or rollover notices, then system does the following: System displays the servicer fee (interest component) details along with main interest component will in the notices. The total interest due for borrower message is the sum of main interest due and servicer fee amount due. Total interest due for participant message is the actual main interest due excluding servicer fee amount due.
Message Type	Message type is Custom. You need to enter the details as described in the previous section.
Message	You can enter the free format message to be sent to the recipient in this section. You have the option of using one of the templates that you have maintained in the Message Format Template Maintenance screen. Select the option Template. You can select the template you would like to use. You can make changes to the template here. Note: Although you are allowed to make changes to the template being used in the message, these changes do not affect the template itself. You can make changes to a template through the Message Format Template Maintenance screen alone.

Table 2-7 Escrow Type

Escrow Type	Component
ESC1	Tax escrow component
ESC2	Insurance escrow component
ESC3	Other escrow components

Select the option TAGS. The TAG List screen is invoked where you can view a list of tags and select the required ones.

Figure 2-13 TAGS

When you select one of the tags, it is added at the current position of the cursor in the message body under the section Message.

If you select the option Custom, the TAGS button is enabled. When you click this button the Borrower TAG Details screen is invoked, where you can enter the values for the tags that you have already selected from the TAG List screen.

Note:

Only those Tag IDs that you have defined for the Message Type Custom in the Free Format Message Tags screen are available for use.

When a free format message specification is authorized, the pre-defined event for free format messages (ZFFT) is triggered, for the contract.

The pre-defined tags available for the loan syndication modules are:

_SYNREFNO_: This tag denotes the facility reference number.
_TRREFNO_: This tag denotes the tranche reference number, and is available only for draw down contracts.
_CREFNO_: This tag denotes the contract reference number.
_CAMT_: This tag denotes the contract amount.
_CCCY_: This tag denotes the contract currency.
_CDATE_: This tag represents the contract value date.
_DRDWNNO_: This tag represents the sequence number of the draw down. This tag is available only for draw down contracts.
_BRREFNO_: This tag denotes the borrower contract reference number.
_MONTHTAG_: This tag indicates the month for which the interest amount is being. credited
_ACNOTAG_: This tag indicates the interest amount being credited.