Facility Agent

At ITSL, services in capacity of Facility Agent to our various clients depend upon the transaction structure mainly including the following:-

  • Interest calculation and payouts.
  • Compliances to meet various covenants.
  • Authority for various payments from Bank Accounts.
  • Coordination between lenders and borrowers.
  • Circulate various information as and when received from the borrower/issuer.
  • Monitoring the fund movement.
  • Other services as per the requirement of the transaction.

Also, we provide specialized services as Facility Agent for complex structured transactions including opening the Bank Accounts and Demat Accounts. We advise on the suitability of the transaction on operational aspects.

Depending on the Role in aforesaid transactions we provide the services to accomplish the requirement. To cite a few are as follows:-

  • Dissemination of information between the Parties to the transaction.
  • Monitor pre-execution and post-execution compliance of conditions.
  • Monitor and confirm compliance of pre-disbursement conditions.
  • Convening meetings of the parties to the transaction.
  • Obtain information regarding compliance from the parties.