Overview
This page helps you understand how to add a drawdown to an external commercial borrowing. As part of adding, you need to access the ECB page, and enter all the required details. Upon saving, the drawdown is added to the external commercial borrowing.
The below step-by-step instructions describe the complete process of adding a drawdown to an external commercial borrowing.
Adding a Drawdown to an External Commercial Borrowing
1. On the Side Panel of Finvisage application, click Liability.
The menu is expanded.
2. On the expanded menu, click External Commercial Borrowing.
See the image below:
The ECB page is displayed on the right pane.
3. On the ECB page, click the ROC Reference Number button of the required external borrowing.
The Drawdown section is displayed.
4. On the Drawdown section, click the Menu button, and then click Add Drawdown from the drop-down menu.
The New page is displayed.
5. In the New page, enter all the required information.
Note: See the below table for the field description.
| Field | Description |
General Information | |
| External ID | In this field, you can specify any number of your choice as an external ID, which is used for identification purpose. |
| Ledger ID | In this field, you can specify the ledger ID of the external commercial borrowing. |
| Principal | In this field, you can specify the principal amount of external commercial borrowing in the borrowing currency. |
| Hedger | From this drop-down box, select the applicable hedger. |
| Value Date | The value date is displayed by default. If required, you can change it. |
| End Date | The end date is displayed by default. If required, you can change it. |
| Moratorium Period | In this field, you can specify the moratorium period of the external commercial borrowing. |
| Put/Call | From this drop-down box, select Put or Call. |
| Prepayment Allowed | From this drop-down box, select the applicable option choosing from Yes or No. |
| Prepayment Penalty | In this field, specify the Prepayment Penalty in percentage. |
| Lock in Period | In this field, specify the lock in period in days. |
| Loan Account | In this field, specify the loan account number. |
| Operating Account | From this drop-down box, select the applicable operating account. |
| Payment Account | From this drop-down box, select the applicable payment account. |
Interest Rate Slabs | |
| New Interest Slab button | Clicking on this button enables you to view the interest slab fields. |
| Start Date | In this field, specify the start date of the external commercial borrowing. |
| End Date | In this field, specify the end date of the external commercial borrowing. |
| Interest Type | From this drop-down box, select the applicable interest type choosing from Fixed or Floating. |
| Interest Benchmark | In this field, specify the interest benchmark. |
| Interest Spread | In this field, specify the interest spread. |
Field for Interest Calculation | |
| Days in a Year Type | From this drop-down box, select the applicable option. |
| Day Count Convention | From this drop-down box, select the applicable option choosing from Preceding or Succeeding. |
| Use Reset | From this drop-down box, select the applicable option choosing from Yes or No. |
| Use First Day for Calculation | Select this checkbox if you wish to use the first day for calculation. |
| Use Last Day for Calculation | Select this checkbox if you wish to use the last day for calculation. |
Hedging Rate Slabs | |
| New Hedging Rate Slab button | Clicking on this button enables you to view the hedging rate fields. |
| Start Date | The value date is displayed by default. If required, you can change it. |
| End Date | The end date is displayed by default. If required, you can change it. |
| Interest Type | From this drop-down box, select the applicable interest type choosing from Fixed or Floating. |
| Interest Benchmark | In this field, specify the interest benchmark. |
| Interest Spread | In this field, specify the interest spread. |
Fields for Hedging Calculation | |
| Days in a Year Type | From this drop-down box, select the applicable option. |
| Use First Day for Calculation | Select this checkbox if you wish to use the first day for calculation. |
| Use Last Day for Calculation | Select this checkbox if you wish to use the last day for calculation. |
| Conversion Rate | In this field, specify the currency rate of the external commercial borrowing. |
TDS Slabs | |
| New TDS Slab button | Clicking on this button enables you to view the TDS slab fields. |
| Effective Date | In this field, the effective date is displayed by default. If required, you can change it. |
| TDS | In this field, specify the applicable TDS. |
Withholding Tax Slabs | |
| New Withholding Tax button | Clicking this button enables you to view the fields related to withholding. |
| Effective Date | In this field, the effective date is displayed by default. If required, you can change it. |
| Withholding Tax | In this field, specify the applicable withholding tax. |
| Additional Info | In this box, specify the additional information. |
5. Finally, click the Create button.
The drawdown is added to the external commercial borrowing.