2018/10/16 - Fairways Debt - Fall Release

The new Fall Release is live for Fairways Debt. Have a look below and discover our new features and developments.

Debt & Derivatives

Capitalize Upfront Fees of Facility Agreements

Add capitalized amounts in addition to paid amounts for upfront fees.

1. Open a facility agreement.
2. Open a tranche.
3. Navigate to Fees.
4. Click More > New Upfront Fee.
5. Enable Capitalize to add capitalized amounts.

Automatically Calculate Paid Amounts for Upfront Fees of Facility Agreements

If a tranche has multiple borrowers/lenders associated, enter the paid amounts for the first third parties and automatically display the last paid amount.

1. Open a facility agreement.
2. Open a tranche.
3. Navigate to Fees.
4. Click More > New Upfront Fee.
5. Enter an upfront amount.
6. Enter the paid amounts of the first borrowers/lenders.

7. Click > / < beside a blank paid amount to automatically calculate that paid amount.

Formula: Paid amount = Upfront amount – Sum of paid amounts already entered

In this example:

• Borrowers: 1000 – 300 – 200 = 500
• Lenders: 1000 – 900 = 100

Delete Upfront Fee Details

Click the relevant fee to display its details.

The upfront fee details display.

Click Delete to delete the entire fee.

Create Non-Usage Fees

1. Open a transaction.
2. Open a tranche.
3. Navigate to Fees.
4. Click More > New Non-Usage Fee.

• Enable Capitalized in the New Non-Usage Fees panel to capitalize non-usage fees.
• Select a mode to calculate non-usage fees:
  — Undrawn Amount: Default mode. Formula: Limit amount – (Sum of drawings + Sum of capitalized fees + Sum of capital interest)
  — Undrawn Amount exc. Capitalized Flows: Capitalized fees and capital interest are ignored. Formula: Limit amount – Sum of drawings Note this calculation only impacts the fee calculation.
• Non-usage fees display in the borrower and in the lender participations.
• A deleted non-usage fee in a:
  • participation remains existing in a tranche.
  • tranche is also deleted in the participations.

Apply a Fee to All Transactions

You can now apply the same fees to multiple transactions.

1. Open a transaction.
2. Open a tranche.
3. Navigate to Fees.
4. Click Add > Apply to All Transactions.

Import Multiple Balances for Cash Facilities

You can simultaneously import multiple balances for cash facilities using two ways:

• Within a specific cash facility
• In the account administration 

Within a Specific Cash Facility

1. Open a cash facility.
2. Navigate to Balance.
3. Click Manage Balances > Excel Export to download the template.
4. Complete the template.
5. Click Manage Balances > Excel Import to upload the template.

The balances display in the Balances list. 

In the Account Administration

1. Navigate to Account Administration > Administration > Batch Update.
2. Click Upload Transaction Integration File.
3. Select Balance Amount for Cash Facilities.

Rounding Rules for Interest and Principal Amounts

Apply a different rounding rule for the interest amount and the principal amount, when editing a transaction.

1. Open a draft transaction.
2. Click Edit in the Characteristics section.

3. Select a rounding rule for the interest and principal amounts.

Note: Leave the selection blank to apply the default rule: nearest cent.

Example

Analysis & Reporting

Include Fees in Analyses

Include fees in two analyses:

• Debt Maturity Profile
• Interest Expense

Enter Accurate Dates for an Analysis Period

Three fields now replace the time frame of the Analysis Type so you can select a period more accurately and easily, using the combination of a:

• Frequency
• Start date
• Year count 

New Design for “Periodic Cash Flows” Analysis 

Financial Calendar

New:

• Geneva

Coming Soon!

• Group FX Rate: use custom FX rate for analyses and reporting
• A new connector for Habitat Social, in partnership with Salvia