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EDM: Drawdown on Deal Maturity Date Shows Incorrect Facility Available Amount (Doc ID 2824835.1)

Last updated on MARCH 07, 2022

Applies to:

PeopleSoft Enterprise FIN Deal Management - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.

Symptoms

When a Drawdown is done for the Deal Maturity Date, the amount of the Drawdown is not given back on the Facility. In other words, the Facility Amount Available is less the Drawdown amount.

- When the Deal matures, the Available Amount should be the full Facility Amount.
- Expecting the Paydown Amount and Total Outstanding amount to sum up to zero so the Available Amount = Facility Amount.
- OR an additional row needs to be added where the Opening Balance = Facility Amount minus the Drawdown amount, and whatever amounts go in between, so the Available Amount = Facility Amount.


STEPS

1. Define Instruments: Deal Management > Administer Deals > Define Instruments > Add Instrument Type = DBTFIXED
2. Define Instrument Template = TEST: Deal Management > Administer Deals > Define Instrument Template > Instrument Type = DBTFIXED
3. Add Facility for Issuing Debt = FAC1 > Deal Management > Administer Deals > Facilities for Issuing Debt > Facility Amount = 400,000,000.00 > click Facility Activity link > Line of Credit Activity Opening Balance and Available Amount = 400,000,000.00
4. Add Deal = 000000000384 > Deal Management > Capture Deals > Deals > Settlement and Issue Date = 01/01/2021 > Maturity Date = 11/23/2021 (tomorrows date)
5. Deal Cashflows link > 11/01/2021 Principal = 207,000,000.00, 11/23/2021 Principal & Interest = -207,062,383.56
6. Verify Facility Activity > Deal Management > Administer Deals > Facilities for Issuing Debt > Facility Activity link
    a. Drawdown Amount = 207,000,000.00
    b. Total Outstanding = 207,000,000.00
    c. Available Amount = 193,000,000.00
    d. Average Daily Balance = 207,000,000.00
7. Go back to Deal 000000000384 > Deal Management > Capture Deals > Deals > click on the Interest Dates link > Add Drawdown
    a. Amount = 77,000,000.00
    b. Payment Date = 11/23/2021 (tomorrows date)
    c. Click Add Paydown/Drawdown icon
8. Back to Deal > click Cashflows link > amounts as expected
9. Go back to Facility > Deal Management > Administer Deals > Facilities for Issuing Debt > Facility Activity link > amounts as expect
10. Net Deal Settlements amount as expected: Cash Management > Settlements > Net Deal Settlements
11. Next day, 11/23/2021, go back into Facility > Deal Management > Administer Deals > Facilities for Issuing Debt > Facility Activity link
      a. Verify Facility on Maturity Date of 11/23/2021, to make sure the full amount is available
      b. It is not. It is short the amount of the Drawdown on the maturity date of 11/23/2021

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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