Overview 


This page helps you understand how to add a tranche to a commercial paper in the Finvisage application. As part of adding a tranche, you can add its details on the New page. You can access the New page by clicking the Add Tranche button on the Tranches pane in the on the Commercial Paper details page.


Apart from the above, you will  get information on how to view the details of an existing tranche in this page.


What are Tranches?

In simple terms, tranches are a collection of securities with different maturity periods, credit ratings, and also yields. These different characteristics of tranches provide the investors to invest based on their investment objective.

Adding a Tranche to a Commercial Paper


1. On the Side Panel of Finvisage application, click Liability. 

The Liability menu is expanded.

2. On the expanded Liability menu, click Commercial Paper.

The Commercial Paper page is displayed.


3. On the Commercial Paper page, click the External ID of the commercial paper to which you wish to add a tranche.


The details of the commercial paper page is displayed.


4. On the Commercial Paper details page, click the Add Tranche button on the Tranches pane.


The Tranche>>New page is displayed.


5. On the Tranche>>New page, enter the tranche details as shown in the below table: 


FieldInstruction
StatusThis field is grayed out by default and not editable.
External IDIn this field, enter the External ID of the tranche.

Tip: You can enter any number of your choice as an external ID, which is used for identification purpose. 

Note: Entering the External ID is mandatory.


Value dateFrom the Calendar Control, select the Value Date. 

Note: Selecting Value Date is mandatory.
Maturity DateFrom this Calendar Control, select the Maturity Date.

Note: Selecting Maturity date is mandatory.
TenureThis field is auto populated once the Value date and Maturity Date are entered.
Face Value Per UnitThis field is selected by default and not editable.
Total Number of UnitsIn this field, enter the Total Number of units.

Note: Specifying the Total Number of Units is mandatory. 
Total face ValueThis field is auto populated once the Total Number of Units are entered.
Discount RateIn this field, enter the Discount Rate.
Price per HundredThis field is auto populated once the Discount Rate is entered.
Investment AmountThis field is auto populated once the Discount Rate is entered.
DiscountThis field is auto populated once the Discount Rate is entered.
Discount per DayThis field is auto populated once the Discount Rate is entered.
Stamp DutyThis field is auto populated once the Discount Rate is entered.
Security TrusteeIn this field, enter the name of the Security Trustee.
Additional InfoIn this field, enter the additional info, if any.



5. Click the Crete button at the bottom.


The Tranche successfully created message is displayed.

Viewing Details of an Existing Tranche 


1. On the Side Panel of Finvisage application, click Liability. 

The Liability menu is expanded.

2. On the expanded Liability menu, click Commercial Paper.

The Commercial Paper page is displayed.


3. On the Commercial Paper page, click the External ID of the commercial paper to which you wish to add a tranche.


The details of the commercial paper page is displayed.


4. On the Commercial Paper details page, in the Tranches section, click the External ID of the tranche whose details you wish to view.


The tranche page is displayed with basic details, transaction details, residual maturity amortization schedule, and linear amortization schedule