Change Commitment and Term
The deal commitment amount can be increased based on the customers repayment history or decreased in the case of customer request after deal creation. It is also possible to update the tenure of a deal. The above functionalities can be achieved using the following service operations.
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User should be able to increase the commitment amount of the existing deal arrangement.
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User should be able to decrease the commitment amount of the existing deal arrangement
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Deal tenure can be increased or decreased
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Increase the commitment amount of the credit agreement (facility) with the incremental amount
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Decrease the commitment amount of the credit agreement (facility) by the specified amount
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Updates facility tenure by increasing or decreasing the term, in addition it allows the amendment of the availability schedule of the contract.
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To increase the drawdown commitment for a given arrangement
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To decrease the drawdown commitment for a given arrangement
Syndicated Loan
Syndicated or club loans are substantial credit facilities provided by a group of lenders to a single borrower. Below are the service operations for creating syndicated loan arrangements.
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Creates a club facility with facility details along with the details of participating lenders
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Creates a club drawing arrangement with drawdown details along with the details of participating lenders
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Creates a funded share transfer for a facility when participant details are passed. Share of a funding participant is transferred to another funding participant in a club facility and underlying drawings
Transfer Risk Share
POSTCreates a risk share transfer for a facility when participant details are passed. The risk of the own bank in a facility is mitigated by selling a portion risk to another financial institution
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Creates a funded share transfer for a drawing under a facility when participant details are passed. Share of a funding participant is transferred to another funding participant in a standalone club loan
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Creates a risk share transfer for a drawing under a facility when participant details are passed. The risk of the own bank in a loan is mitigated by selling a portion risk to another financial institution
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Retrieves club facilities, drawings and deal