Change Exchange Rate
You can update the exchange rate when there is a cross-currency involved and by considering facilities and drawings in different currencies.
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Given the scenario, when there is a cross currency involved considering facility and drawings in different currencies, exchange rate is applicable and the same is updated using the exchange rate functionality. Exchange rate property class is to define the Exchange Rate (FX), rate tolerance and prior days, advance FX fix activity, and so on to support the advance FX fixing requirement. Drawings created other than the facility currency, the exchange rate defined under the exchange rate property should be applied. User should be able to retrieve the exchange rate details updated with this API.
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