Create a Facility Agreement

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

 

Navigate to the Debt & Derivatives Application
  1. Log in to your Fairways Debt account, e.g. https://login.financeactive.com/eu.
  2. Select a customer account.
  3. Navigate to Applications > Debt & Derivatives.

 

Create a Facility Agreement
  1. Click Add Transaction > Facility > Facility Agreement.

Portfolio_AddTransaction_Facility_EN.png

  1. 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.

Transaction_EN.png

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.

Date_EN.png

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

FacilityAgreement_Create_EN.png

The new cash facility displays.

FacilityAgreement_Created_EN.png

 

 

What's Next?
Related Documentation
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