Charge Off
Borrowers can default on their payments due to economic or other personal crises. Under these circumstances, a bank may deem certain receivable amounts on the loan arrangement to be charged off. A charge off can be for the overdue amounts (partial) or the entire loan amount. Customers are not aware of a charge off and bills are generated as usual. However, the charged off balances are held in a separate account on the banks books (shadow balances).
Charge Off
PUTExecute loan charge-off activity to charge-off account balance only
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Retrieves the charge off balances of an arrangement account
Secondary Loan Trading
Secondary Loan Trading involves the trade of syndicated loans in the secondary loan market. Below are the various service operations involved to create and maintain the various types of trade products.
Create a Trade
POSTCreate a trade for a syndicated loan as initially agreed upon between counterparties.
Accept Trade
POSTConfirm the trade when all the parties involved agreed the terms and conditions of the trade.
Update Trade
POSTUpdate additional details in trade.
Update Consent
POSTUpdate borrower consent for trade
Update Commitment
POSTUpdate the trade due to changes in commitment amount being traded.
Approve Trade
POSTFinalize the trade to verify all necessary details are available.
Show Pricing Letter
POSTIssue pricing letter to the counter party for a final settlement amount.
Calculate a Trade
POSTSettle the trade in bank books.
Cancel Trade
POSTCancel the trade in bank books.
Update Charges
PUTAmend charges already authorized in the trade
Fetch Charges
GETView all the charge details for a given trade.
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View all the trade products