Maintaining Tenor Restrictions for a Sub-Line

2.1.2.11.1 Maintaining Tenor Restrictions for a Sub-Line

This topic describes about the information on tenor restrictions maintenance for sub-line.

When tenor maintenance is signified both at sub-line and mainline level, maximum tenor that you define for a sub-line should not exceed the maximum tenor defined for the main line to which it is linked. The limit amount that you define for each sub-line tenor cannot be higher than the tenor limit defined for the main line to which it is linked. Tenors and limits. can be placed at both the sub-line and main-line levels

But, the maximum tenor of a sub-line cannot exceed the maximum tenor defined for the main-line to which it is linked.

Consider the following example,

Table 2-40 Main Line Tenor List

Tenor Days	Limit
30D	0.5M
60D	0.3M
90D	0.2M

Table 2-41 Sub-Line Tenor List

Tenor Days	Limit
30D	0.3M
60D	0.2M
90D	0.1M

You can add to the list of tenors maintained for a main line/sub line by specifying the Tenor restriction under the head Tenor and clicking on the + button. If you want to remove a tenor restriction from the list of tenor restrictions, highlight it and click the - button

Points to consider:

Multiple records with Same days and same/different Tenor cannot be provided at facility level.
Tenor based utilization will be based only on the days provided and not on the Tenor name. In case Mainline and Sub-line have same days with different tenor names and utilization comes for the number of days, both sub-line and mainline tenor utilization will be updated for different tenor names.
Utilization is allowed (with an override) for more than the limit specified for a particular tenor.
Tenor based utilization is not allowed for a Tenor (Days) greater than the one specified at the Facility level
De-utilization updates utilization amount for the concerned tenor at facility level.

Validation during modification:

Tenor cannot be modified below the tenor already utilized.
Modification of the Tenor (Limit / Days) specified more than the Limit utilized already is allowed
Addition of Tenor with Days below already specified if utilized is not allowed
Addition of Tenor with Days below already specified if not utilized is allowed
Addition of Tenor with Days same as already specified is not allowed
Addition of Tenor (Days/Limit) at Sub-line level above Maximum tenor (Days / Limit) of Mainline is restricted
Deletion of Tenor at Facility level (Mainline / Sub-line) which has already been utilized is restricted
Deletion of Tenor at Facility level (Mainline / Sub-line) which has NOT already been utilized is allowed.

Parent topic: Tenor Restriction Details