This transaction is used to create liability approval for a Syndication Deal. It is mandatory to get the liability approved to open a Syndication Deal (Creating a Syndication Deal). The purpose of this transaction is to send an e-mail to the Account Manager of the Syndication Party and get the approval to open the deal. If a Syndication Party needs to be modified, it can only be done via this transaction before a deal is opened.
In this transaction, the Syndication Percentage is provided, which is then used to calculate the syndication amount with respect to the primary amount of the deal. Maturity date in the secondary side on panel ‘Syndication Liabilities’ is populated either from the primary side or the syndication deal depending on liability type.
If either “Maturity Date” on the primary side or ‘Latest Possible Due Date’ on the secondary side is amended, it will be defaulted in the syndication liabilities accordingly. If the checkbox “Applicable for all Liabilities” is checked, the liability amount will be automatically calculated based on the syndication percentage provided for all types of liabilities (e.g. Contingent Liability, Financing Liability, etc.) in further transactions (e.g. Booking Handling, Amending, etc.).
This transaction can be used to amend the details any number of times before the deal is opened via Creating a Syndication Deal, i.e. the Liability Confirmation transaction can be used for a particular deal to amend the approval details.
Possible Syndication Status | Comments |
---|---|
Pending (Liability Approval) | Once the user enters the Details Panel, this status is defaulted in the dropdown list only if Primary Liability Amount for a syndication liability entry is <> 0. |
Not Syndicated |
Detailed information is available at Booking Handling. Kindly also refer to status_handling_of_syndication_deals for further particulars on Status Handling.
An existing Syndication Deal which is opened
For incoming allNETT / RIVO messages see Overview of Incoming messages - allNETT / RIVO.
For more information see TRNDIA Diaries.
Action | Description | Diary | Follow-up Transaction | Comments |
---|---|---|---|---|
Create | Liability approval received | Today | Diary created to follow up receipts of liability approval received from the Relationship Manager |
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 | Type | Comments |
---|---|---|---|---|
Liability Approval | INT (Account Manager) | SDTINT1 | E-mail / Letter | Account manager of Syndicated Party |
Kindly refer to deal_message_handling for further particulars on Deal Message Handling.
Overview
Syndication Liabilities
Details
Interest Details
Syndication Agreement
Completion
Messages
Compliance
Attachments
Datafield | Description |
---|---|
Name | cf Appendix A, Table LED field NAM |
Name | cf Appendix A, Table GID field NAM |
Own Reference | cf Appendix A, Table LED field OWNREF |
Own Reference | cf Appendix A, Table GID field OWNREF |
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 |
Currency | cf Appendix A, Table CBB field CUR |
Maximum Amount | cf Appendix A, Table CBB field AMT |
Opening Date | cf Appendix A, Table SDD field OPNDAT |
Datafield | Description |
---|---|
Own Reference | cf Appendix A, Table CCI field OWNREF |
Name | cf Appendix A, Table CCI field NAM |