Create a Facility Agreement

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Updated January 17, 2024 10:27.

A facility agreement in Fairways Debt is an envelope involving different tranches subject to specific legal conditions (standard loans), which can be shared among pools of different lenders and borrowers. Third parties are not necessarily involved in all tranches. This type of financing transaction is widely used in the real estate sector.

Prerequisite

Enable the Facility Agreement transaction type (contact your Finance Active consultant)

Navigate to the Debt & Derivatives Application

Log in to your Fairways Debt account.
Select a customer account.
Navigate to Applications > Debt & Derivatives.

Create a Facility Agreement

Click Add Transaction > Facility > Facility Agreement.

Complete the form with all relevant details.

Note: Fields marked with an asterisk * are mandatory.

Field	Description
Reference Code	Unique reference of the transaction. Identifies the transaction in the portfolio. Note: The reference must be unique among all the entities managed in the account.
External Reference Code	Used by external systems to identify the transaction. Used when transactions are imported from or exported to another system.
Limit	Initial maximum amount that can be drawn.
Currency	Reference currency.
Owner	Owner of the transaction.

Field	Description
Trade Date	Date at which the transaction has been traded. From that date, the system takes the transaction into account as an item of the portfolio.
Start Date	Unadjusted start date of the transaction, date of the first draw.
Maturity Date	Unadjusted maturity date of the transaction, date of the last repayment.

Enter the required custom attributes, if any.

Enable Show Details after Validation to automatically open the new facility agreement profile once created.
Click Apply to create the facility agreement.

The new facility agreement displays in the draft portfolio.

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