How-to enter a Credit facility

New deal / Credit facility. Here the credit facility limit is entered and the committment fee connected to the undrawn amount. 

1. Open new deal / credit facility
2. Enter Legal entity and Counterparty for the Limit 
3. Select if the underlying drawdown are loans or deposits. Usually Loan
4. Enter currency and limit amount and dates.
5. Payment period and first payment roll date applies to the committment fee
6. In TAB Date settings selection day count convention and rolling behaviour if committment fees maturity or payment is on a bank holiday. 
7. In TAB bank account choose the bank account here the committment fee will be paid from and to
8. In TAB related deals click on search and in the popup enter the deal id on loans / deposits drawn under the Credit Facility. 
9. In TAB Committment fee set up the rule for when the committment fee should be applied (mandatory). The most common rule are x% of UnUtilizedAmount see print screen below. If a more advanced condition should be applied tick Condition and type the rule.  Note! for Loan faciltity enter Unutilized amount with minus sign
10. Click save and the committment fee transactions are created in TAB Transactions

Note, If the committment fee transactions needs to be updated enter the new condition and click on the icon recalculate fee in TAB transactions

Utilization Fee

Please observe, if the credit facility has an utilization fee on the drawn amount you need to add a calculated fee on the Credit facility for the utilization fee.

If the utilization fee has different conditions, create one rule per condition.

Example:

RCF amount EUR 100M

0,10% up to and equal to 33,33%

0,20% up to and equal to 66,66%

0,40% up to 100%

Note! for Loan faciltity enter Utilized amount with minus sign