1 / 10

Syndicated Loan FpML Design (Proposal for FpML v5.6)

Syndicated Loan FpML Design (Proposal for FpML v5.6). Bhavik Katira, TenDelta Chair - Syndicated Loan Working Group. Syndicated Loan FpML Outline. Loan Asset Definitions Deal, Facility, Loan Contract, Letter of Credit Loan Servicing Business Events Loan Servicing Notifications

sonel
Download Presentation

Syndicated Loan FpML Design (Proposal for FpML v5.6)

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Syndicated Loan FpML Design(Proposal for FpML v5.6) Bhavik Katira, TenDelta Chair - Syndicated Loan Working Group

  2. Syndicated Loan FpML Outline • Loan Asset Definitions • Deal, Facility, Loan Contract, Letter of Credit • Loan Servicing Business Events • Loan Servicing Notifications • Correctable Request Message • Embedded business event • Loan Statement • Asset • Position • Party Profile

  3. Syndicated Loan FpML Outline (contd.) • Loan Trading Life Cycle • Trade Capture • Trade Settlement • Trade Management • General Process Management • Payments • Message Confirmation (for any message) • Retraction [Cancellation] • Message / Business Event / Loan Trade / Hold • Hold • Deal / Facility / Trade / Allocation / Party

  4. Loan Asset Definitions • Deal & Facility • ‘Identified Assets’ (Instruments) • Main parties • Dates • Notional amounts • Rules • Loan Contract & Letter of Credit • Standalone types (Not instruments) • Used to communicate outstanding borrowings and accrual rates against facilities

  5. Loan Servicing Business Event • Business Event • Generic (standalone) abstract type • Unique business event (business event id) • Events are applicable at different asset ‘levels’ • Generic business event management: • Release • Retraction

  6. Loan Servicing Notification • Inherited from Correctable Request Message • Used to communicate a single (embedded) business event • Logical separation of notification and business event details

  7. Loan Statement • Statements inherit from Correctable Request Message • Point-in-time ‘statement’, communicates: • Deal • Facility • Loan Contracts • Letter of Credits • Current lender-specific positions in any of the above • Also used to communicate Party Profile

  8. Loan Trading Life Cycle • Loan Trade & Loan Allocation • Party Trade Identifier • Stand-alone trade structures • Settlement events • Containers for settlement information • Notifications inherit Correctable Request Message

  9. General Process Management • Payments • Notification inherits Correctable Request Message • No re-use of FpML payment types • Full payment (bank account) information • Payments can be made against one or more: • Business Events • Loan Trades / Loan Allocations • Message confirmation (via message id) • Retraction • Message / Business Event / Loan Trade / Hold

  10. General Process Management (contd.) • Hold • Used to publish the immediate halting of all relevant (settlement) activity • Publishable by any party • Hold can be placed on: • Deal / Facility • Trade • Allocation • Party • E.g. hold can be placed by an agent bank on a facility (due to amendment processing)

More Related