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 no disbursement has been made yet under the dossier, only the temporary repayment plan that was saved via the “Dossier Splitting” panel when the export financing contract was created will be available for selection.
• If disbursements have already been made under the dossier, the repayment plans of the previous disbursements are also available for selection and thus allow a further disbursement to be made in existing accounts. The prerequisite for this is that the value date is not within a closed period, i.e. the value date of the new payout may not be earlier than the value date of the previous payout.

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.

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.

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