Table of Contents
Funding Repayment
Transaction SDTFBO
This transaction is used to pay back the funds to the Syndication Party from the same Syndication Account that was used to credit the funds.
Here, the settlement process is dependent on the “No Repayment Flag”.
- If “No Repayment” checkbox is set, then no settlement is created for the funded amount; just the status is set to ‘Booked Out Funded’ and the fees are settled.
- If “No Repayment” checkbox is “not” set, then settlement is created along with status being updated to ‘Booked Out Funded’. Now the funds are reversed from the Syndication Account and is visible in the Settlement panel. Any interest calculated on the funded amount is also paid. A Settlement message is also sent to the Syndication Party.
Status Handling
| Possible Syndication Status | Comments |
|---|---|
| Booked Out Funded | Once the user enters the Details Panel, this status is defaulted in the dropdown list. |
Kindly refer to status_handling_of_syndication_deals for further particulars on Status Handling.
Example
The funds received from the Syndication Party are stored in the Syndication Account of the Syndication Party. The main panels used here are the Liabilities, Book Out, Deal Message/Handling and Settlement panels.
Syndication Liabilities: Here, the status will be defaulted to ‘Booked Out Funded’.
Deal Message/Handling: The user can either select a Partial Release or Full Release of the amount. Templates are available for the Syndication message and can be edited. The user can also choose to close the Syndication Deal and the Syndication Master Contract via this panel.
Book Out and Settlement panels:
- If the “No Repayment Flag” is “not” set, the amount is credited back to the Syndication Account of the Syndication Party.
- If the “No Repayment Flag” is set, then the funded amount is not credited back to the Syndication Party. Only fees and calculated interest is settled.
Requirements
An existing Syndication Deal which is open and not closed.
For incoming allNETT / RIVO messages see Overview of Incoming messages - allNETT / RIVO.
Transaction Control
Fees
Commissions
Results of this Transaction
Diaries
For more information see TRNDIA Diaries.
None
Updating/Storing of Amounts (CBS)
Liability (LIA)
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 | Type | Comments |
|---|---|---|---|---|
| Settlement | SYN (Syndication Party) | SWIFT / Letter | standard settlement message | |
| Partial Release / Full Release | SYN (Syndication Party) | SDTSYN1 | SWIFT / Letter | Based on the selection in Deal Message / Handling panel |
Kindly refer to deal_message_handling for further particulars on Deal Message Handling.
Release
Transaction Panels
Syndication Liabilities
Book Out
Overview
Details
Interest Details
Deal Message / Handling
Completion
Messages
Attachments
Settlement
Settlement Details
Syndication Liabilities
Datafields
| Datafield | Description |
|---|---|
| Own Reference | cf Appendix A, Table CCI field OWNREF |
| Name | cf Appendix A, Table CCI field NAM |
Book Out
Overview
Datafields
| 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 |
Details
Interest Details
Deal Message / Handling
