Modify (change bank) accounts in a deal

Front Office > Deal Entry

Modify Bank Account

Bank accounts can be changed from any given start date during a lifetime of a deal.

This is possible for the following Deal Types;

• Loan/Depo
• Caps/Floors
• Leasing Loans
• IRS
• Credit facilities
• Fees
• FX

Note! To change bank accounts on Bonds please look at this article  How to modify a Bond

Note; Deal must be in status 'Modified' to change the bank accounts. ( -> Change this in 'Change deal status', if the deal is already "Confirmed").

1. Select 'Modify Bank Account'

2. Select a Begin Date and the new Account/ or Accounts that you want. Begin date is not the same as payment date. The date showing in the field Begin date is equal to the next interest start period date (value date of the interest period) with respect to today's date.

Example: Change done per date as at 2023-09-14 - Begin date 2023-11-09 is shown as default.

Note! If the loan does not have any future transaction with respect to today's date 0001-01-01 is displayed as default in the list but the actual dates are shown when opening up the list.

3. Press "OK"

The change of accounts will only have effect from the chosen 'Begin Date'. All cashflows prior to that date will have the old account.

Permissions needed

The permission Modify Bank Accounts and Modify Deal needed to change Bank Accounts in 'Modify Bank Account'.