Syndicate (Loans, Fees and Credit facility)

Possible to enter a syndicate that consists of a group of lenders, either on a single deal or to re-use on multiple deals.

In reports it is also possible to split syndicated deals and see the correct distribution per counterpart (syndicate member)

Permission required are Read syndicate and Update syndicate.

All syndicate groups are saved in Master Data Syndicates

In the view  it is possible to see all syndicates that can be reused on other deals . If the check box "Show Deal part syndicate" is checked the syndicates that are only for one deal is also shown.

Add the counterparts that are part of the syndicate and their share in percentage %. Add the date from when the syndicate group is valid. If there are changes in the precentage or members of the group it is possible to add a new date and make the change that will be valid from that date and onwards.

When entering a deal, next to the counterpart, a Syndicate button will be available.

Expand the drop down list and select the preferred group or Add New. Continue to enter all needed information on the loan.

In reports , Setting Tab, you need to check the Split Syndicate Deals. Run the report and all deals are split on the different counterparties.

Note: The split syndicate functionality does not effect Cash flows, so it will not work in a cash flow report.