Sub-Arrangement Rules
The Sub-Arrangement Rules Property Class is available for the Facility Product Line. This Property Class enables to set rules for the sub-arrangements under a master arrangement.
The Sub-Arrangement Rules Property Class controls the following:
- Borrowers.
- Allowed currencies and products for the sub-Arrangements under a master arrangement.
It is attached to the Facility product to control the allowed customers, currencies and products of the drawings under the Facility. Similarly, it is attached to the Deal product to control the allowed customers, currencies and products of the facility and drawings under the Deal.
Product lines
The following Product Line uses the Sub-Arrangement Rules Property Class:
- Facility
Property Class type
The Sub-Arrangement Rules Property Class (optional) uses the following Property Class Types:
- Dated
- Tracking
Property type
The Accounting Property Class is associated with the Product Only Property Type Balance.
Prefix
Sub-Arrangement Rules does not hold any balances due to which there is no associated balance prefix.
Attributes
The following are the attributes of Sub-Arrangement Rules:
Customer
Specifies which Customer(s) can be the owner(s) of the Sub-Arrangement in conjunction with value defined in Required Customer. Allowed values are:
- Parent Owners – All or any of the beneficial owner(s) of the Master Arrangement must be owner(s) in the Sub-Arrangement.
- Parent Customers – All or any of the customer(s) (including non-beneficial owners) of the Parent Arrangement must be customer(s) in the Sub-Arrangement.
- Allowed List – All or any of the Customers defined in Allowed Customer field must be owner(s) of the sub-arrangement.
- Any – Any customer(s) can be owner(s) of the Sub-Arrangement.
Required Customer
Specifies if all or any of the customer(s) / owner(s) in the parent arrangement must be the customer(s) or owner(s) of the Sub-Arrangement. Allowed values are
- All – All customer(s) or owner(s)
- Any – Any of the customer(s) or owner(s)
Allowed customer
- Specifies the list of allowed customer(s) who can be the owner(s) of Sub-Arrangements.
- When the Customer field is set as Allowed List, the user can enter a value.
- The customer must be a valid record from the Customer application.
Currency
Specifies the currencies in which the Sub-Arrangements can be created. Allowed values are
- Parent – Sub Arrangement currency must be Parent Arrangement’s currency.
- Any – Sub Arrangement currency can be in any allowed currency for the sub-arrangement product.
- Allowed List – Sub Arrangement currency can be in any of the currency defined in the Allowed Currency field.
Allowed Currency
Specifies the list of allowed currencies in which Sub-Arrangements can be created.
- If value in Currency field is set as Allowed List, then a value can be entered in this field.
- Must be a valid currency.
Product
Specifies the Product in which the Sub-Arrangements can be created. Allowed values are
- Any – Sub Arrangement Product can be in any product.
- Allowed List – Sub Arrangement Product can be in any of the Product defined in the Allowed Product Group and Product fields.
- Parent – Sub Arrangement Product must be Parent Arrangement’s Product.
Allowed Product Group
Specifies the list of allowed Product Groups in which Sub-Arrangements can be created.
- If Product field is set as Allowed List, then a value can be entered in this field.
- It must be a valid AA Facility or lending Product Group.
- For an MCY product setup, only one Allowed Product Group can be defined , and it should be a valid Accounts product group.
Allowed Product
Specifies the list of allowed Products in which Sub-Arrangements can be created.
- If Product field is set as Allowed List, then a value can be entered in this field.
- It must be a valid AA Facility or Lending Product.
- For an MCY Product setup, only one Allowed Product can be defined, and it should be a valid Accounts product. This is the product under which the sub-accounts can be created for the MCY arrangement. This product should have the Product Only field (in AA.PRODUCT.DESIGNER) set to Mcy.
Term Recalculation
Specifies whether maturity can be extended during recalculation of maturity in the underlying Drawings. Allowed values are
- Maturity Date – Maturity date of the Facility
- Maximum Term – Maximum term defined in the negotiation rules of Facility.
Base Ccy Product
By defining the Base Ccy Product field in Sub-Arrangement Rules, the financial institutions have the option to store the product in which the base currency account gets automatically and instantly created after the Multi-Currency (MCY) account creation. If the user does not define the Base Ccy Product field, the system does not automatically create the base currency account, but the user has to create manually.
- The Base Ccy Product field is an optional field. If defined,
- It should be same as the Allowed Product given in that condition. Else the system raises a proofing error
- It should have the Product Only field set to Mcy
Allowed Arr Per Ccy
Specifies the permitted number of sub-arrangements that can be created under the master arrangement for each currency. Allowed values are:
- One - Only a single sub-arrangement is permitted to remain active for each currency throughout the duration of the master's lifecycle.
- Any - It is permissible for any number of sub-arrangements to be active per currency at any point in the master's lifecycle.
Periodic Attribute Classes
There are no periodic attribute classes associated with Sub-Arrangement Rules Property Class.
Actions
The Sub-Arrangement Rules Property Class supports the following actions:
| Action Name | Description |
|---|---|
| UPDATE | Individual AA.PROPERTY.CLASS.ACTION records control which Product Line it’s associated to. The Sub-Arrangement Rules Property Class supports the UPDATE action. The update action is used to apply the changes to the Sub-Arrangement Rules property class attributes and does not result in any accounting updates. |
Accounting Events
The Sub-Arrangement Rules Property Class does not perform any actions that generate accounting events.
Limits Interaction
The Sub-Arrangement Rules Property Class does not perform any action that impact the limits system.
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