'Syndicate Claim' means any Claim/Demand Payment, whether secured or unsecured, arising under the Syndicate Agreement or any other Loan Document.
A claim request is sent to the Syndication Party for the Demand of Payment/Claim text is loaded from the defined template in the Adding an Advanced Text Definition[DBAATX] transaction, if available. The demand text can be modified in the claim transaction where required.
When the claim is received from the Syndication Party, it is credited to the bank’s interim account and
a debit entry is created in the Syndication SY account of the Syndication Party. This processing will take place in the subsequent transaction Book in Claim[SDTBUC].
When the claim is paid back by the bank, the settlement is reversed using the transaction Pay Back Claim[SDTSET].
Status Handling
| Possible Syndication Status | Comments |
|---|---|
| (Partial) Claim(s) Present | The status is defaulted in the dropdown list, if field 'Booking Amount' is filled and 'Register Claim' button is clicked. This can be part of the amount or full amount. |
| Claim Requested | A new liability line is created for the entered booking amount and when the user enters the Details panel, this status is defaulted in the dropdown list. |
| Booked In Unfunded | The status remains the same until a booking amount is entered. |
| Not Syndicated |
Claim Amount
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When the user would like to claim full or part of the amount, he has to enter the positive amount to be claimed in the “Booking Amount” field of the Liability to be claimed. Once the amount is entered, “Register Claim” button appears and the syndication status is set to “(Partial) claims(s) present”. As long as a claim is present under the contract, the status remains as “(Partial) claims(s) present”, be it for the full amount or a part of it.
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A pop-up appears to register the child claim for the “Booking Amount”.
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On adding the claim, a separate item is created in the Syndication Liabilities panel for the child claim. Here as well, the user must click on the details panel and accept the child claim. The user can then proceed further in the Claim process.
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if required, the child claim can be deleted using the “Delete Claim” button.
To register a claim under the Syndication Deal, SDTCRQ transaction is used.
Select it from the menu item[Other Products -> Syndication -> Other Deal Transactions -> Send Claim].
(Users can directly start this transaction by clicking the (Launch transaction 
) available in the Panel headline without having to select the relevant menu)
When you have made your changes, click on the ( 
) Save function to save all the the data entered in the transaction to the database.
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