In Fairways Debt, manual loans are manually scheduled, i.e. not automatically processed by the platform. After creating the transaction, you should enter and manage the loan schedule manually, through a manual update or using Excel files.
Navigate to the Debt & Derivatives Application
- Log in to your Fairways Debt account.
- Select a customer account.
- Navigate to Applications
> Debt & Derivatives.
Create a Manual Loan
- Click Add Transaction > Loan > Manual Loan.
- Complete the form with all relevant details.
Note: Fields marked with an asterisk * are mandatory.
| Field | Description |
|---|---|
| Transaction 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. |
| Principal | Principal amount of the loan. |
| Currency | Currency of the principal amount. |
| Borrower |
Borrowing entity in the system. Note: Only entities in the current organization can be managed by the current user. |
| Lender | Can be either internal (an entity in the system) or external (a commercial bank). |
| 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. |
| Maturity Date | Unadjusted maturity date of the transaction. |
| Field | Description |
|---|---|
| Index |
Index type. Note: This field is only used for classification purpose: Fairways Debt does not compute the interest of manual loans, as users should manually book it. |
Enter the required custom attributes, if any.
- Enable Show Details after Validation to automatically open the new manual loan profile once created.
- Click Apply to create the manual loan.
The new manual loan displays in the draft portfolio.
