In this page, user will find more information about the Admin module and more specifically on :

• Credit line list 
• Credit facility admin 
• Fees on the guarantee

 

Credit Facility Admin

 

Assign Roles: Credit Facility Admin (All)

 

Pre- requisite: Credit lines can be set up ONLY if all addresses of counterparties are first set up in the address book

 

Credit facilities is only available for LCI & GTI system

Click MENU->Facilities à Credit Line List

 

 

Under the facilities menu, you have 3 sub menus:

• Credit lines list: will show the user each individual credit lines
• Unit credit lines : show the user all the business unit + lines allocate to each unit (the user only see what he has access to, based on the access rights)
• Credit lines summary : group by bank and show the total of the lines (see below)

 

On this page, the user see different lines such as

• Total line: total amount allocated to the borrower
• Available : when an instrument is applied à will affect the available amount
• Un-utilized : when an instrument is issued à will affect the “un-utilized”

 

 

Click Add New Credit Line

You can input all the relevant information on the main details tab, at minima the mandatory ones.

 

 

These are some of the fields to be completed for Credit Line setup:

 

Important Fields	Descriptions
Issue Date	Date on which the facility has been issued (need to be earlier than any existing issue date for data migration)
Expiry Date	Date on which the facility will cease to expire (optional, if any will disappear from the dropdown menu when the user creates an instrument after expiry)
Follow up Date	For information purpose only, no impact on the line, for example when need to be rediscuss
Lender Ref	Lender Reference Number
Internal Ref	Internal Reference Number
External Ref	External Reference Number
Credit Line Borrower	This party shall be the primary borrower of the facility with the bank
Lender	Bank, Insurance Company, or Parent Company by clicking the [Select Lender] or [Select Business Unit] Button
Arranger	Use for syndicated guarantees (“Dummy line”) à only informative field
Obligor Holds Liability	When the obligor is the internal liability party à will copy the obligor information in the borrower field when create an instrument
Umbrella	For informative purpose only
Commitment fee rate	Not mandatory but will do the calculation automatically
Excluded countries…	Not blocking but indicative information
Enforcement	If exceed the amount, what the user will have : warning or error or nothing
Available for Letter of Credit or Guarantees	At the bottom of the table, to select to which module it needs to apply Sub-limit information: Total amount : Nominal and then only use a lower amount for guarantee

 

You can decided on the “ Shared unit Allocation” to allocate this limit to all the sub-unit automatically. Choose the “ All or Indicated” and save- Once save a new button will appear “ Allocate maximum to all Units”

 

 

 

On the Product sub-limits tab, the user can set up a limit based on the type of guarantee (bid bond, performance…). Click on Add Sub limit.

 

 

Enter a description and for which product it should applied. Once this is done, click on “ Next > Edit Triggers”.

 

 

 

You will be able to enter the amount and the enforcement you want for the specific type of undertaking you selected.

 

 

 

On the Unit Sub-limits tab, the user can select which sub-unit can used the facility.

 

 

Click on “edit unit sub limits” and then click on  “ Add credit line borrower sub units”, Select the sub units by ticking the box on the right and save.

 

 

Then, the user can select for each sub unit the sub limits that apply.

Select an enforcement in case that an issuance/amendment would exceed the available amount on the line of credit.

Error=the user is unable to continue

Ignore=no message is given to the user and is able to continue with the issuance

Warning=user gets an error message but is able to continue

 

 

Commission Matrix tab

This option allows the user to replicate in the system the pricing structure signed with the bank and to have automatic calculation.

Click on edit to modify information about commissions.

 

 

Currency: if not select, the system will use the one of the instrument

Default: Commission will be calculated until the guarantee is closed but can be stop when the guarantee is expired.

Tips:

• The “Amount, min” and the “Valid from, month” of the first range, should be zero.
• The “Amount, max” of the last amount range should be “99,999,999,999,999.00”, the greatest number, accepted in @GlobalTrade.
• The “Valid to, months” of the last validity range for each amount range should be “999”, the greatest number of months accepted in @GlobalTrade.
• Make sure that the commission matrix has no gaps in amounts or validity. You have to finish the validity range for your first amount range before you can enter the next amount range.

 

 

Click on “add” to save the information and to add a new entry.

 

 

Be careful by clicking on the “update Guarantee commission rate”, it will update all the existing data in the system

 

 

Unit ratings tab

 

Assign a rating to a specific unit. Click on «  Edit Rating List” to create a list or rating.

 

 

Then click on “ Edit Unit Rating” to update for each sub unit, the rating you want to assigned

 

 

Syndication Structure tab

Click on “Edit structure” and add all banks part of the syndication and insert the percentage or an amount for each bank and click on save after entering the effective date.

 

 

Then the system will automatically calculate the different amounts and fees.

 

 

Fronting Banks tab

Click on Add new bank to add fronting banks to the list. The user can then specifies if the bank collects its own fronting fees or not, the email notification…

 

 

Fronting Fee tab

 

Once the fronting bank has been defined, you can define the fronting fee and the effective date if you click on “Edit”

 

 

Fees tab on the guarantee

Once on the Guarantee tab, the user can access two tabs:

 

• Estimated fees: takes data from commission matrix and estimates the fees, user can overwrite the information by clicking on edit, save and click on “recalculated”

 

 

When the fees become due, the user will see a book date and the amount on the table and will be move to the “bank fee” tab (automatic based on the dates)

• Bank fees

The list of all due fees is being moved from estimated fees to bank fees.