Purpose

RIVO allows Corporate users to create and manage syndication agreements involving multiple participating banks. Users can define the lead bank, participating banks, risk-sharing percentages, fronting limits, and agreement validity.

This article explains how to configure and maintain syndication agreements in RIVO.

Audience

Corporate administrators are responsible for managing banks, credit limits, and syndication agreements.

1. Accessing Syndication Management

Navigate to My Banks → Syndication Management.

The Syndication Overview page displays the configured agreements, including their reference, participating banks, agreement amount, validity, and status.

Users can create new agreements and view or maintain existing agreements.

2. Creating a Syndication Agreement

Click Add New to create a syndication agreement.

Complete the following details:

The agreement amount must remain within the applicable available limit, and the agreement expiry date must not exceed the underlying limit expiry date.

3. Configuring Participating Banks

Banks participating in the syndication must be configured under My Banks before they can be selected.

Each bank is assigned one of the following roles:

The first selected bank is automatically assigned the Lead & Fronting role. Only one Lead & Fronting bank is permitted per agreement.

For each participating bank, users can configure:

• Syndicated Limit Reference
• Risk Percentage
• Risk Amount
• Fronting Limit, where applicable
• Participation Start and Expiry Dates

The total risk allocation across all participating banks must equal 100%.

4. Risk Allocation and Fronting Limits

The Risk Percentage determines each participating bank's agreed share of the syndicated facility.

The Fronting Limit defines the capacity available to a bank acting as a fronting institution.

RIVO calculates the corresponding risk amount based on the configured percentage and syndication amount.

A fronting limit is required for banks with the Lead & Fronting or Participant & Fronting role. Banks configured only as Participants do not require a fronting limit.

5. Viewing and Maintaining Agreements

The Syndication Management page allows users to view the details and status of configured agreements.

Depending on the agreement status and usage, users can perform available maintenance actions, including editing relevant information, disabling an agreement, or deleting an unused agreement.

Disabled or expired agreements are not available for new syndicated guarantee issuance.

6. Audit Trail

RIVO records syndication agreement maintenance activities in the Audit Trail.

The audit log captures actions such as:

• Add Rule – New syndication agreement created.
• Edit Rule – Existing agreement information modified.
• Delete Rule – Agreement deleted.
• Disable Rule – Agreement disabled.

The audit information provides visibility into changes made to the agreement, including relevant participant details and modified values.

For transaction processing and reporting, refer to [Syndicated Guarantees].