1. Bilateral Loans
  2. Disbursing a Loan
  3. Amending the Exchange Rate

4.31 Amending the Exchange Rate

When you book a new loan contract and link it to the commitment, the system defaults the exchange rate captured in contract linkages to exchange rate fixing table, for cross currency loans.

You can amend this exchange rate and specify a new effective date for a chosen contract using, Exchange Rate Amendment screen.

Specify the User ID and Password, and login to Homepage.
  1. On the homepage, type OLDEXAMD and click next arrow.
    The Exchange Rate Amendment screen is displayed.

    Note:

    The fields which are marked in asterisk red are mandatory fields.

    Figure 4-39 Exchange Rate Amendment


    Description of Figure 4-39 follows
    Description of "Figure 4-39 Exchange Rate Amendment"

  2. Contract Reference Number - Choose the reference number of the contract whose exchange rate you wish to amend from the list of Contract Reference Numbers.
    The following fields are displayed:
    • Counterparty
    • Contract Currency
    • Value Date
    • Maturity Date
    • Commitment Reference
    • Commitment Currency
    You can specify following Exchange Rate Details in this screen.
    • Effective Date

      Specify the new effective date for the contract.

      You can specify the effective date multiple times, so that the system triggers link/delink event on the commitment with effective date as loan value date. However, the Effective Date should not be,
      • before loan value date
      • before last loan payment date
      • before last amendment value date of loan
      • before last commitment fee liquidation date
      • after loan maturity date
      If any of the above conditions are not satisfied for Effective Date, then the system displays the following error messages.
      • If the effective date is before loan value date, then the system displays,

        Effective date cannot be earlier than the value date of the contract

      • If the effective date is before last loan payment date, then the system displays,

        Effective date cannot be earlier or equal to last liquidation date

      • If the effective date is before last amendment value date of loan, then the system displays,

        Effective date cannot be earlier or equal to VAMI date

      • If the effective date is before last commitment fee liquidation date, then the system displays,

        Effective date cannot be earlier than the last commitment fee liquidation date

      • If the effective date is before after loan maturity date, then the system displays,

        Effective date cannot be later than the maturity date of the contract

    • Exchange Rate

      Specify the new exchange rate for the contract. You cannot specify the back dated exchange rate beyond the last processed effective date and you are not allowed to amend the exchange rate for processed contract. You can enter upto 15 decimal points.

    • Process Status

      The status of the contract is displayed as Processed/Unprocessed.

      Note:

      • You can do the exchange rate amendment by contract amendment also.
      • You are allowed to delete Unprocessed Exchange rate and for future dated exchange rate, the system processes it in batch.
      • You can define the exchange rate revision only for active loan contracts.

Parent topic: Disbursing a Loan