How-to: Credit Facilities - Deal input

In this article we are going to show how to create a new Credit Facility with both commitment, utilisation and upfront fees. We will also show how to register draw-downs under the created facility.

Here's how it works:

Create a Credit Facility

1. Go to Deal input > Credit Facility
2. Create a new facility be pressing F6 or Create new and give the facility a name. Press OK.
3. In the wizard, use the tab key to move through the fields. Start by entering Legal entity and Counterpart.
4. The credit line is entered as a tranch of type 'F' in the L/D field.
5. Then enter the facility amount in the Capital amount field. It is by default set to a negative amount
   
   
6. The conditions for the Commitment fee is entered in the Interest payments section. For example the commitment fee % is entered in field Interest %.
7. Utilization fee is entered in the field Util fee %.

Create draw-downs on Credit Facility

1. To add a draw-down under the Facility itself, click on a new row.
   
   
2. Draw-downs are entered as regular loans (tranche of type ‘L’). Note! If it is a deposit facility the lending should be entered as a tranche of type ‘D’.
   
   

Commitment fee

The commitment fee amount (presented in column Interest amount) is calculated on the unused portion of the credit line.