Table of Contents
Creating a Loan
Transaction TRTOPN
This transaction facilitates the issuance of a loan. A 'Clean Loan' can be created anytime, regardless of an associated parent contract.
If the Loan is in connection with an L/C or document set, the application will ensure that the extent of the Loan does not exceed the amount available under the main contract.
The fields “Finance type”, “Type of risk” and the checkbox “Recourse” default to meaningful values, but the user can change these manually as required, depending on the context.
Detailed information about the above-mentioned types of loans can be found in the “Introduction” under the respective loan types.
A Installment Plan can be recorded on the exposure panel.
Requirements
Either no existing Loan or an existing Loan contract which is not open and not closed.
An existing Import Collection contract, which is not closed.
IF selected from LETSEL: in the event of a packing credit:
An existing Export L/C contract which is not closed.
The unutilized amount may not be zero.
Only one Packing Credit is allowed under an Export L/C contract.
An existing Import Letter of Credit contract which is not closed.
An existing Payment Undertaking contract, which is not closed.
For incoming allNETT / RIVO messages see Overview of Incoming messages - allNETT / RIVO.
Transaction Control
Fees
None
Commissions
Results of this Transaction
Diaries
For more information see TRNDIA Diaries.
| Action | Description | Diary | Follow-up transaction | Comment |
|---|---|---|---|---|
| Create | Reminder for Account Balance Clean Loan | Due Date - 5 Working Day | Common Messages | If “Due Date” is filled |
| Create | Repayment Notice of Clean Loan | Maturity date | Repaying a Loan | On “Due Date” |
| Create | End roll-over period | 2 days before end of interest period | Amending | If it is a roll-over financing and the end of the interest period is before the new due date. |
| Create | Past Due of “Finance Type” | Contract is at the Past Due stage (Maturity + Grace days if any) | Past Due Loan | If contract is not repaid before the maturity date. |
Updating/Storing of Amounts (CBS)
Liability (LIA)
The liability is booked regardless of “Type of Finance” value.
Outgoing Correspondence
Details on creation of messages can be found under DOCEOT Messages. For outgoing allNETT / RIVO messages see Overview of Outgoing messages - allNETT / RIVO.
| Name of Message | Receiver | Message ID | SWIFT | TCO | DTA/DTE | Comment |
|---|---|---|---|---|---|---|
| Financing Advice | Financed Party | TRTFIP1 |
Release
Signature required
Transaction Panels
Issue ECR
Shipment Details
Interest Details
Settlement Details
Settlement
Completion
Messages
Compliance
Attachments
ECR Details
Issue ECR
Datafields
| Datafield | Description |
|---|---|
| Own Reference | cf Appendix A, Table TRD field OWNREF |
| Parent Reference | cf Appendix A, Table TRD field PNTREF |
| Responsible User | cf Appendix A, Table TRD field OWNUSR |
| Date Issued | cf Appendix A, Table TRD field ISSDAT |
| Type of Financing | cf Appendix A, Table TRD field FINTYP |
| Special type of financing | cf Appendix A, Table TRD field FINSUBTYP |
| Type of risk | cf Appendix A, Table TRD field FINRSKTYP |
| Recourse Flag | cf Appendix A, Table TRD field FINRECFLG |
| % Financed | cf Appendix A, Table TRD field PCTFIN |
| Currency | cf Appendix A, Table CBB field CUR |
| Maximum Finance Amount | cf Appendix A, Table CBB field AMT |
| Start Date Tenor | cf Appendix A, Table TRD field STTTENDAT |
| Maturity Date | cf Appendix A, Table TRD field MATDAT |
| Financing period | cf Appendix A, Table TRD field INTDAY |
| Base Rate | cf Appendix A, Table TRD field IRTCOD |
| Surcharge Applied to Interest Rate | cf Appendix A, Table TRD field INTRAT |
| draft serial number | cf Appendix A, Table TRD field DRWVOCNUM |
| Pay supplier | cf Appendix A, Table TRD field PAYSUPFLG |
| Draw down method for ECR | cf Appendix A, Table TRD field ECRMET |
| Transport Document Date | cf Appendix A, Table TRD field ECRTRDDAT |
| Currency of the financed amount | cf Appendix A, Table TRD field FINCUR |
| Financed amount (bankers acceptance) | cf Appendix A, Table TRD field FINAMT |
| External Key | cf Appendix A, Table PTS field EXTKEY |
| Address Block | cf Appendix A, Table PTS field ADRBLK |
| Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
| Information Finance Party | cf Appendix A, Table TRT field INFPTY |
| Goods Code (for Statistics) | cf Appendix A, Table TRD field STAGOD |
| Provide Shipment Details | cf Appendix A, Table TRD field SHPFLG |
| External Key | cf Appendix A, Table PTS field EXTKEY |
| Address Block | cf Appendix A, Table PTS field ADRBLK |
| Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
Shipment Details
Datafields
| Datafield | Description |
|---|---|
| Shipment from | cf Appendix A, Table TRD field SHPFRO |
| Port of Loading | cf Appendix A, Table TRD field PORLOA |
| Port of Discharge | cf Appendix A, Table TRD field PORDIS |
| For Transportation to | cf Appendix A, Table TRD field SHPTO |
| Transport Document Type | cf Appendix A, Table TRD field TRPDOCTYP |
| Transport Document Number | cf Appendix A, Table TRD field TRPDOCNUM |
| Date of Transport Document | cf Appendix A, Table TRD field TRADAT |
| Mode of Transport | cf Appendix A, Table TRD field TRAMOD |
| Vessel Name | cf Appendix A, Table TRT field VESNAM |
| Identification of Goods | cf Appendix A, Table TRT field ROGGOD |
| Incoterm Version | cf Appendix A, Table TRD field INCTRMVER |
| Incoterm Code | cf Appendix A, Table TRD field INCTRMCOD |
Interest Details
Datafields
| Datafield | Description |
|---|---|
| Roll-Over Financing | cf Appendix A, Table TRD field ROLOVRFLG |
| Cash Base | cf Appendix A, Table TRD field CSHRAT |
| Liquidity costs | cf Appendix A, Table TRD field LQDRAT |
| Our margin | cf Appendix A, Table TRD field OWNRAT |
| Total interest rate | Sum of interest costs + liquidity costs + our margin The total interest rate used to calculate the commission. |
| Pastdue Margin | cf Appendix A, Table TRD field PDURAT |
| Pastdue Total Interest rate | Sum of ('Cash Base' + 'Liquidity Cost' + 'Past Due Margin'). The Total Interest rate used to calculate Past due commission. |
| Interest Start Date | cf Appendix A, Table TRD field BEGINTDAT |
| Interest Due Date | cf Appendix A, Table TRD field ENDINTDAT |
| Grace Days | cf Appendix A, Table TRD field GRADAY |
| Fixed price for total maturity | Alternative fixed amount for the total term to maturity. (instead of an interest rate for 'Our margin') |
Compliance
ECR Details
Datafields
| Datafield | Description |
|---|---|
| Reference of EXIM Bank | cf Appendix A, Table TRT field ECREXMREF |
| Own Reference | cf Appendix A, Table BPD field OWNREF |
| Code of drawee | cf Appendix A, Table TRT field EXIMCODE |
| CP / EO Refrerence | cf Appendix A, Table TRT field ECRSUBREF |
| Start date of export bill | cf Appendix A, Table TRT field EXPBILDAT |
| Export Bill Tenor | cf Appendix A, Table TRT field EXPBILTEN |
| Maturity date of export bill | cf Appendix A, Table TRT field EXPBILMATDAT |
| Goods Description | cf Appendix A, Table TRT field ECRGOD |
| Destination | cf Appendix A, Table TRT field EXPBILDES |
| Standard period | cf Appendix A, Table TRT field STDENRPER |
