Manikandan Narayanan
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Articles
Recent activity by Manikandan Narayanan-
Reimbursement
What is Reimbursement Finance? In simple terms, Reimbursement finance is financing done by reimbursing bank (bank other than letter of credit issuing bank and supplier’s bank). When a Bank (the I...
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Closing Syndication Deal
A Syndication Deal can only be closed if no open syndication liability exists for the deal. The syndication amount must be equal to 0. Reduction of syndication liability is only possible through th...
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Commissioning under Syndication
The Commission plays a vital role for every transactions. The banks will receive the commission for their service provided on each of the transactions. To settle due commissions under the syndi...
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Common Message in Syndication
This message is used to send common messages to a contract party, to contract parties or to another freely selectable address. On the Common Message panel the user has to enter the type of message ...
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Funding Repayment in Syndication
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. Status Handling: Possible Syndication Status...
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Funding Inbooking in Syndication
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 cr...
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Funding Request in Syndication
When the deal is opened and if a funding has been requested by the grantor, the Syndication Party must provide the requested funding and cannot deny the request. In Funded Syndications the Syndic...
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Pay Back Claim under Syndication
When the grantor pays back the claim to the Syndication Party, once the recourse party (the liability party of the primary contract) has paid the grantor. Here, the settlement process is dependent ...
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Send Claim under Syndication
'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 Part...
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Syndication Amendment Summary
Amendment of a Syndication contract is associated with the amendment on the primary side (Advise an Amendment under Export LC, Amending of a Guarantee …..).When an MT707 (or MT767 etc.) message is ...