To pay back the funds to the Syndication Party from the same Syndication Account that was used to credit the funds, SDTFBO transaction is used.
|Possible Syndication Status||Comments|
|Booked Out Funded||Once the user enters the Details Panel,
this status is defaulted in the dropdown list.
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, Book Out, Deal Message/Handling and Settlement panels.
The user can either select a Partial Release or Full Release of the amount. Templates are available for the Syndication message and can be edited. The user can also choose to close the Syndication Deal and the Syndication Master Contract through this panel.
Book Out and Settlement panels:
The settlement process is dependent on the “No Repayment Flag”.
If “No Repayment” checkbox is set, then no settlement is created for the funded amount and the status is set to ‘Booked Out Funded’.
If “No Repayment” checkbox is “not” set, then settlement is created along with status being updated to ‘Booked Out Funded’. Now the funds are reversed from the Syndication Account and is visible in the Settlement panel. A Settlement message is also sent to the Syndication Party.
Select it from the menu item[Other Products -> Syndication -> Deal Funding -> Funding Repayment].
When you have made your changes, click on the ( ) Save function to save all the the data entered in the transaction to the database.