Specifying Industry Code

Specify the industry code here. The adjoining option list displays all industry codes maintained in the system. You can choose the appropriate one.

Specifying the Administrator Details

Select the administrator code from the adjoining option list. This list displays admin details maintained in the Admin Maintenance screen.

Pool Funding

• Pool Funding Reference No

  Specify the pool funding Reference number from the adjoining option list. The option list displays all open and authorized pool funding reference numbers where branch code and currency match the commitment contract.

  It is mandatory to specify this value, if you have checked the ‘Master Funding Required’ check box at the product level.
• Master Funding Reference No

  Specify the master funding reference number from the adjoining option list. The option list displays all open and authorized master funding reference numbers where branch code and currency match the commitment contract.

  It is mandatory to specify this value, if you have checked the ‘Pool Funding Required’ check box at product level.

  Pool and Master Funding linkages are applicable only to commitment contracts in the OL module. These fields will be disabled for contracts using other product types.

  You can specify the funding reference Number for a commitment contract either during contract input or contract amendment operation.

  After the funding reference number is selected in the Loan Contract Input screen, system validates the available balance in the pool is sufficient for the commitment contract amount.

  If pool balance is insufficient, system displays the error message

  Commitment amount exceeds available balance of Pool/Master Fund

  . You cannot proceed with booking the commitment contract under the given Pool/Master fund reference.
  These validations will be performed for the following scenarios:

  • Funding reference number is selected during new contract input /contract amendment.
  • Funding reference number is changed during contract amendment.
  • Commitment amount is increased using Value Dated Amendment (VAMI) operation.

  You can link commitment contracts using different product codes to the same funding reference.
  You can also link revolving/non revolving commitments to a Pool/Master funding regardless of whether the Pool/Master funding is revolving/non-revolving.

  You can also add or modify a funding reference number for a contract using contract amendment operation. While adding a funding reference number to a commitment contract, system validates if any active loans under the commitment should be in the same currency as the commitment. If the loan currency differs from commitment currency, system displays an error message stating that such commitments cannot be linked to a funding reference number.

  When you amend the contract, and select a new funding reference number, system validates that the available balance in the new pool is sufficient for the commitment amount. If yes, then you can proceed with the contract amendment operation. If the available balance in the pool is insufficient, then you cannot proceed with the amendment.

  For commitment contracts reversed or deleted before authorization, the available amount under pool reference number will be reinstated to the extent of the commitment contract amount for both revolving and non-revolving types of pools.

Processing Pool Funding

System calculates the available balance of a pool/master fund during new contract input/ contract amendment.

When a funding reference number is attached to a commitment contract, system validates the contract amount against the available (un-utilized) amount of that pool/master funding reference.

For such commitments, system validates the currency of any loans booked under them should be the same as the commitment contract currency. The commitment contract currency is always the same as that of the funding reference.

If both Pool and Master funding codes are linked to a commitment contract, then contract booking amount is validated against the minimum available amount of the Pool and Master Funding Reference.

When a commitment contract is linked to a Funding Reference Number, system derives the available Funding Amount (for both Pool and Master Funding) as follows:

• Available Funding Amount for Revolving Funding

  Fund Utilization = Sum of contract amount (latest version) of all revolving commitments booked + Sum of principal Available balance of all non revolving commitments booked + Sum of principal outstanding balance of Loans linked under the non revolving commitments

  Available Fund Amount = Fund Amount – Fund Utilization
• Available Funding Amount for Non-Revolving Funding

  Fund Utilization = Sum of contract amount (latest version) of all revolving commitments booked + Sum of contract amount (latest version) of all non revolving + Sum of Principal Decreases of all revolving commitments booked + Sum of Principal Decreases of all non-revolving commitments booked

  Available Fund Amount = Fund Amount – Fund Utilization

Open Line Loan Details

• Open Line Loan - This check box value gets defaulted from the Bilateral Loans Product Definition screen. If required, you can modify this value.
• Revolving Type Open Loan - This check box value gets defaulted from the Bilateral Loans Product Definition screen. If required, you can modify this value.