Syndication
Automated syndication, from simple splits to complex syndicates.
The Syndication module provides automated support for syndicating leases, loans and revolving credit facilities within Alfa Systems.
For simple syndication scenarios, Alfa Systems manages the entire lifecycle, automatically keeping lender shares in sync with the end-borrower schedule in response to financial changes. This includes automated document production to participants, detailing a breakdown of capital and interest calculations for the period.
Alfa Systems also supports more complex syndication scenarios through manually managed syndicates, allowing for flexibility in capital repayment profiles between participants, and supporting multijurisdictional syndication.
Complex syndication support
Each syndicate participant’s share is calculated independently, reflecting their level of participation. This allows per-participant reporting of accounting treatment, interest basis and country details.
Participants can follow distinct capital repayment structures that vary over time, ensuring maximum flexibility in syndication.
Automated participation creation
Alfa Systems supports the management of the whole process automatically, in scenarios where capital is allocated consistently among participants over time. This allows for participant shares to be created automatically, and be updated automatically in response to financial changes or terminations on the borrower side.
With Syndication enabled, Alfa Systems also automates support for participants’ selling or buying into a deal in-life; creating and managing payment transfers between participants.
Fee income can be configured to be either syndicated to other participants, or kept in full by the lessor.
Syndicated revolving credit facilities
For those making use of Alfa Systems’ Revolving Credit module, syndicates can be created at the facility level. This provides a way to split utilisation fee income automatically between participants and ensure that all drawdowns under an RCF are syndicated appropriately between participants.
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