This transaction is used to make disbursements. The dossier can be utilized in full or in part. In either case the disbursement amount must not exceed the amount available (not yet utilized). A loan account must be opened for each disbursement; disbursements using existing accounts are also possible. The bookings generated when the transaction is saved are posted to the accounts. For an overview of all account movements in this transaction, see Accounts.
The value date must be entered by the user and is automatically used as the disbursement value date in the settlement. In addition, the value date also indicates the start of the interest calculation. It can differ from the posting date (the date the transaction was entered), allowing repayment plans with a past or future date to be calculated as well.
Clicking the [ Select] button displays all repayment plans (see General Information) saved for the dossier, allowing the user to select them.
If a large number of disbursements have already been made under the dossier, the display can become confusing. The checkbox “Select only new accounts” can be used to trim the list of potential repayment plans accordingly. The [ Clear] button can be used to delete a selected repayment plan.
In the case of a disbursement, a separate repayment plan is calculated for the participants “Borrowers” (role BOR) and “Agent bank” (role ABK). If the dossier contains sub-participants, then a separate repayment plan is calculated for each sub-participant. For the “Exporter” an interest rate differential schedule is calculated to determine the interest rate differentials between the borrower's interest rate and the interest rate of the Agent Bank.
If the export financing contract is subject to a double-taxation treaty, a repayment plan is calculated for the fictitious role 'TAX' which takes into account the double-taxation interest rate. The latter is based on the information from the borrower's repayment plan. The repayment schedule for role 'TAX' is created when the checkbox “Create Repayment Schedule for Withholding Tax” is set.
For disbursements into new accounts, all Header the data from the temporary repayment plan are copied into the repayment plans of the borrower, the Agent Bank and the exporter initially, but they can be modified.
Interest rate differentials between the borrower and the Agent Bank (external interest vs. internal interest) are shown in the exporter's interest rate differential schedule.
The following formula applies: Interest rate Borrower (BOR) - interest rate Agent Bank (ABK) = interest rate Exporter (EXP)
Example 1) The exporter (EXP) sold the goods, incl. financing at 5%, to the borrower (BOR) under a supplier's credit. The bank charges 3% for the supplier's credit. The exporter is entitled to the difference of 2%.
Interest rate borrower (BOR): 5%
- interest rate Agent Bank (ABK): 3%
= interest rate Exporter (EXP): 2%
Example 2) The exporter (EXP) sold the goods, incl. financing at 3%, to the borrower (BOR). The bank charges 5% for the financing. The difference of -2% must be borne by the exporter.
Interest rate borrower (BOR): 3%
- interest rate Agent Bank (ABK): 5%
= interest rate Exporter (EXP): -2%
As a separate repayment plan is kept for each sub-participant, the interest rate differentials between the borrower and sub-participants can be calculated.
The panel “payment receiver” offers the possibility to share the payout amount to up to 4 payment receivers. When the checkbox “Additional Payment Receivers” is set, portions of the payout amount can be assigned to the selected contract parties. It is also possible to select a drawdown schedule. Payments are generated on the settlement panel for each payment receiver.
For a disbursement, at least one utilization must be selected from the utilization periods defined at Opening Dossier. The periods are checked in the event of a disbursement to ensure that the value date and the amount of the disbursement falls between the start and end dates in the selected utilization plan.
It is not possible to pay more than the amount defined in the drawdown schedule of the selected utilization period. This allows for example the disbursements of local costs or IDC (Interest During Construction).
If required, the utilization plan can be modified using the transaction Dossier Amendment.
The status “partially utilized” is set if the disbursement amount is less than the dossier amount. The status “fully utilized” is set if the dossier has been disbursed in full and if the dossier amount matches the utilized amount.
An opened Dossier which is not closed. The Dossier must have an unutilized amount. Dossier status may not be “In Change”.
Contract must be in status “Unutilized” or “Partially Utilized”.
For incoming allNETT / RIVO messages see Overview of Incoming messages - allNETT / RIVO.
For more information see TRNDIA Diaries.
Action | Description | Diary | Follow-up Transaction | Comment |
---|---|---|---|---|
Create | Participation amount(s) received? | 'Value Date' of Payout + 5 Working Days | Participant Payment | “Payout Amount” and at least one participant exists and “Value Date” in future is set |
Amount (CBS column acc. to code table CBCTXT) | CBS Entry type (acc. to code table CBTTXT) | External ID | Booking in/out | Contract group | Description | Comment |
---|---|---|---|---|---|---|
Account Balance (BALSUM) | Utilized Amount (BALOUT) | AMT1 | inbooking | EFDGRP und ECDGRP | Utilization | Payout Amount |
Unutilized Amount (UPASUM) | Unutilized Amount (UPAAMT) | AMT1 | outbooking | EFDGRP and ECDGRP | Utilization | Payout Amount |
Account Balance (Own Take) (OBASUM) | Utilized Amount (Own Take) (OBAOUT) | AMT1 | inbooking | EFDGRP and ECDGRP | Utilization | Payout Amount * Own Take |
Unutilized Amount (Own Take) (UNSSUM) | Unutilized Amount (Own Take) (UNSAMT) | AMT1 | outbooking | EFDGRP and ECDGRP | Utilization | Payout Amount * Own Take |
Interest Amount (INTSUM) | Interest Amount (INTRSK) | AMT1 | inbooking/ update | EFDGRP | Utilization | Total interest according to the selected repayment schedule |
See Liability for general information about liability handling in this business module.
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 | Comment |
---|---|---|---|
Debit Advice | Borrower | EFTBOR1 | If is Buyer's Credit and Checkbox “Discounting” is not checked. |
Repayment Schedule | Borrower | EFTBOR2 | If is Buyer's Credit or Consolidation Credit and Checkbox “Discounting” is not checked. |
Repayment Schedule withholding Tax | Borrower | EFTBOR5 | If is Buyer's Credit, a rate for Withholding tax was entered and Checkbox “Discounting” is not checked. |
Repayment Schedule | Agent Bank | EFTABK2 | If is Buyer's Credit and Checkbox “Discounting” is not checked. |
Repayment Schedule | Exporter | EFTEXP2 | If is Buyer's Credit and Checkbox “Discounting” is not checked. |
Repayment Schedule | Participants | EFTPAT2 | If is Buyer's Credit and Checkbox “Discounting” is not checked. |
Notification of Assignment | Borrower | EFTBOR3 | If is Supplier's Credit and Checkbox “Discounting” is not checked. |
Notification of Transfer | Risk Bearer | EFTCOL2 | If is Supplier's Credit and Checkbox “Discounting” is not checked. |
Discounting Calculation | Exporter | EFTEXP3 | If Checkbox “Discounting” is checked. |
Notification of Assignment | Borrower | EFTBOR4 | If Checkbox “Discounting” is checked. |
Notification of Transfer | Risk Bearer | EFTCOL3 | If Checkbox “Discounting” is checked, the Risk Bearer has type 'Risk Transfer' and no liability is booked in. |
All messages can only be generated in the form of a letter, a fax or an Email.
Drawdown
Textmodules of Suppliers Credit
Overview
Payment Receiver
Drawdown Schedule
Consolidation
Discounting Panel
Dossier Details
Collateral
Parties
Liability
Accounts
Settlement Details
Settlement
Bookings
Completion
Incoming Tag 72/79
Messages
Compliance
Attachments
DTAEA Fields
DTALC Fields
Cash Cover
Fee Conditions
DTAG Fields
Datafield | Description |
---|---|
Reference | cf Appendix A, Table EFD field OWNREF |
Reference of Export Finance | cf Appendix A, Table ECD field OWNREF |
Name | cf Appendix A, Table PTS field NAM |
Currency | cf Appendix A, Table CBB field CUR |
Maximum Dossier Amount | This field specifies the maximum amount of the dossier including any IDC portion, i.e. dossier amount plus IDC portion. For dossiers without IDC portion, the maximum dossier amount is the same as the dossier amount. The IDC portion (Interest During Construction) reflects the interest that occurs during the construction phase. It is calculated into the dossier but the IDC amount can not be utilized/ drawn under the finance. cf Appendix A, Table CBB field AMT |
Flag 'With IDC Amount' (Interest During Construction) | cf Appendix A, Table ECD field CHKIDC |
Name | cf Appendix A, Table PTS field NAM |
Currency | cf Appendix A, Table CBB field CUR |
Dossier Amount | This field specifies the amount of the dossier without any IDC portion. The IDC portion (Interest During Construction) reflects the interest that occurs during the construction phase. It is calculated into the dossier but the IDC Amount can not be utilized/ drawn under the finance. cf Appendix A, Table CBB field AMT |
Name | cf Appendix A, Table PTS field NAM |
Currency | cf Appendix A, Table CBB field CUR |
Own Take Amount | This field specifies the Own Take Amount of the dossier which reflects the maximum amount less participations and IDC if any. cf Appendix A, Table CBB field AMT |
Currency | cf Appendix A, Table CBB field CUR |
Amount | cf Appendix A, Table CBB field AMT |
Date of Approval | cf Appendix A, Table ECD field VCRDAT |
Date of Loan Agreement / Export Agreement | cf Appendix A, Table ECD field OPNDAT |
Currency | cf Appendix A, Table CBB field CUR |
Amount | cf Appendix A, Table CBB field AMT |
Opening Date of Dossier | cf Appendix A, Table EFD field OPNDAT |
Date of Last Amortisation | cf Appendix A, Table ECD field EXPDAT |
Type of Finance | cf Appendix A, Table ECD field FINTYP |
Contract Status | cf Appendix A, Table ECD field CONSTA |
Name of Frame Agreement in Static Data | cf Appendix A, Table ERK field NAM |
Currency | cf Appendix A, Table CBB field CUR |
Payout Amount | This field specifies the amount that is paid under the dossier. The payout amount must not be higher than the unutilized dossier amount. |
Datafield | Description |
---|---|
Responsible User | cf Appendix A, Table EFD field OWNUSR |
Responsible Service User | cf Appendix A, Table EFD field SRVUSR |
Booking Account | cf Appendix A, Table EFD field BUCACT |
Country Code (for Statistics) | cf Appendix A, Table EFD field STACTY |
Number of Dossier | cf Appendix A, Table EFD field DOSNBR |
Counter/ Total Number of Dossiers | cf Appendix A, Table ECD field DOSCNT |
Presented by | cf Appendix A, Table EFD field DOCPRBROL |
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 |
Datafield | Description |
---|---|
Total Drawdown Amount | This field specifies the sum of all drawdown amounts entered into the drawdown schedule. |
Difference Amount | This field specifies the dossier amount minus the total drawdown amount. It is neccessary that the dossier amount is completely utilized in the drawdown schedule. This will be checked by the application in field 'Difference Amount'. In case a difference amount remains, an error message is generated. |
Datafield | Description |
---|---|
Text for Cut-Off Date (Consolidation) | cf Appendix A, Table ECT field CUTOFFTXT |
Dossier Reference | The dossier reference (or parts of it) can be entered in order to search for matching contracts. |
External Key | cf Appendix A, Table PTY field EXTKEY |
Cut-Off Date | cf Appendix A, Table ECD field CUTOFFDAT |
Original due dates | cf Appendix A, Table ECD field ORGDUEFLG |
Total Consolidation Amount | The Total Consolidation Amount is the sum of the Total Principal plus Total Interest of the dossiers selected for consolidation. |
Total Interest | The Total Interest Amount is the sum of all interest amounts of the dossiers selected for consolidation. |
Total Principal | The Total Principal Amount is the sum of all principal amounts of the dossiers selected for consolidation. |
Datafield | Description |
---|---|
Request for Payment Borrower Principal in Days | cf Appendix A, Table EFD field RFPBORPRI |
Request for Payment Borrower Interest in Days | cf Appendix A, Table EFD field RFPBORINT |
Request for Payment Borrower Commission in Days | cf Appendix A, Table EFD field RFPBORCOM |
Request for Payment Borrower Drawdown in Days | cf Appendix A, Table EFD field RFPBORDRW |
Request for Payment Exporter Principal in Days | cf Appendix A, Table EFD field RFPEXPPRI |
Request for Payment Exporter Interest in Days | cf Appendix A, Table EFD field RFPEXPINT |
Request for Payment Exporter Commissions in Days | cf Appendix A, Table EFD field RFPEXPCOM |
Request for Payment Exporter Drawdown in Days | cf Appendix A, Table EFD field RFPEXPDRW |
Request for Payment Participations Principal in Days | cf Appendix A, Table EFD field RFPPATPRI |
Request for Payment Participations Interest in Days | cf Appendix A, Table EFD field RFPPATINT |
Request for Payment Participations Commissions in Days | cf Appendix A, Table EFD field RFPPATCOM |
Request for Payment Participation Drawdown in Days | cf Appendix A, Table EFD field RFPPATDRW |
Roll Over | cf Appendix A, Table EFD field ROLOVR |
Reference Rate for Margin | cf Appendix A, Table EFD field MRGREFRAT |
Margin Bank | cf Appendix A, Table EFD field MRGBNK |
Fixing | cf Appendix A, Table EFD field MRGFXG |
Margin Exporter | cf Appendix A, Table EFD field MRGEXP |
Fixing - Free Text (Exporter) | cf Appendix A, Table EFD field MRGFXGTXT |
Margin Skim Participation | cf Appendix A, Table EFD field MRGPAT |
Suspension Posting in Days | cf Appendix A, Table EFD field SUSPST |
Request for Financial Statements | cf Appendix A, Table EFD field FINSTADAT |
Applicable Law Loan Agreement | cf Appendix A, Table EFD field LAWLA |
Applicable Law Export Agreement | cf Appendix A, Table EFD field LAWEA |
Applicable Law Delivery Contract | cf Appendix A, Table EFD field LAWDC |
Place of Jurisdiction Loan Agreement | cf Appendix A, Table EFD field JURLA |
Place of Jurisdiction Export Agreement | cf Appendix A, Table EFD field JUREA |
Place of Jurisdiction Delivery Contract | cf Appendix A, Table EFD field JURDC |
Datafield | Description |
---|---|
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 |
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 |
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 |
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 |