The funds received from the Syndication Party are credited to the Syndication Account (SY), in the currency of the contract.
In the Settlement panel, a credit (DAC) and a debit entry (DAD) are created from the Syndication Account
|Possible Syndication Status||Comments|
|Booked In Funded||Once the user enters the Details panel, this status is defaulted in the dropdown list.|
|Booked In Unfunded||An error is thrown if a user selects ‘Booked in Unfunded’ while funding has been requested for this entry.|
|Not Syndicated||An error is thrown if a user selects ‘Not Syndicated’ while funding has been requested for this entry.|
The funds received from the Syndication Party are stored in the Syndication Account of the Syndication Party. The main panels used here are the Liabilities and Settlement panels.
The status will be defaulted to ‘Booked In Funded’.
The amount is debited from the direct/interim account of the Syndication Party and credited to the SY account of the Syndication Party.
To register the funds received from the Syndication Party, SDTFBI transaction is used.
Select it from the menu item[Other Products -> Syndication -> Deal Funding -> Funding Inbooking].
When you have made your changes, click on the ( ) Save function to save all the the data entered in the transaction to the database.