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
Arrangement Maintenance
Manage tangible asset contract lifecycle actions
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Renegotiation of the terms & conditions of the chattel mortgage agreement
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Renegotiation of the terms & conditions of the lease agreement
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Rengotiation of the terms & conditions of the chattel mortgage agreement
Update Parties
POSTChange the parties involved in the asset finance agreement. The parties, simply are the customers acting as a lessee, guarantor or joint lessee.
Update Settlement
POSTUpdate the settlement instructions of the customer in order to transact with the asset finance agreement.
Update Officers
POSTChange the relationship/account officers who is dealing with the lessee's agreement.
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Update payment holiday for leasees , hire purchase and chattel mortgage asset finance agreements