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Creating a Syndication Master
Transaction SCTOPN
This transaction is used to open a Syndication Master Contract.
A Syndication Master can only be created if there is at least one liability entry available at the primary side. This is because syndication is a process of sharing the risk of one's own books with some other financial institution.
There can be only one Syndication Master created, but one or many Syndication Deals can be created under a Syndication Master Contract. Each Syndication Deal is connected to one Syndication Party. Hence the risk can be shared with one or many Syndication Parties.
The Master Contract includes an overview of the linked parent contract, i.e. an Export L/C such as L/C Reference, Primary Liability Amount, Recourse Party, Type of Transaction, or suchlike.
Possible entries for Type of Transaction are:
- Confirmed Letter of Credit
- Silent Confirmed Letter of Credit
- Standby Letter of Credit.
“Opening Date”, “Date of Expiry” and “Latest Date of Shipment” (if available) are populated from the parent contract. “Date of Expiry” here is the expiry date of the Syndication Master Contract. It is neither connected nor defaulted from the primary contract. It must be set manually by the user.
Status Handling
| Possible Syndication Status | Comments |
|---|---|
| Not syndicated | The Syndication Status is disabled and defaults to ‘Not Syndicated’. |
Kindly refer to status_handling_of_syndication_deals for further particulars on Status Handling.
Example: Opening a Syndication Master using a Confirmed Export L/C Contract
Overview panel:
Syndication liabilities:
Requirements
This transaction creates a new Syndication Master.
If an existing Syndication Master is used, it may not be open or closed.
An existing Export L/C contract which is not closed.
An existing Guarantee contract which is 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.
Release
Transaction Panels
Overview
Datafields
| Datafield | Description |
|---|---|
| Name | cf Appendix A, Table LED field NAM |
| Name | cf Appendix A, Table GID field NAM |
| Parent Contract Type | cf Appendix A, Table SCD field PNTTYP |
| Parent Reference | cf Appendix A, Table SCD field PNTREF |
| 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 SCD field OPNDAT |
| 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 |
Parent/ Primary Side
Syndication Liabilities
Datafields
| Datafield | Description |
|---|---|
| Own Reference | cf Appendix A, Table CCI field OWNREF |
| Name | cf Appendix A, Table CCI field NAM |
Compliance
