UNCTAD's Debt Management and Financial Analysis System (DMFAS

DMFAS main menu follows the typical operational life cycle of a debt instrument.Loan negotiation,Signature of loancontractLOAN LIFE CYCLEREPORTINGANALYSISContract informationandloan termsReal drawingsPayment ofprincipal andinterestReporting on thecountry's debtDebt StrategyDMFAS MAIN MENUAdministrationMobilizeServiceReportAnalysisThe debt and other instruments details are registered in the Administration section and,based on the contract information, amortization tables are calculated and initial drawingestimates made.The Administration section also contains a Reference files menu where the user entersinformation on daily exchange rates, variable interest rates, commercial interest referencerates, budget line identification numbers, etc. as well as creditors/debtors and otherparticipants to the agreements.As disbursements or subscriptions take place, these will be registered into the Mobilizesection of DMFAS. This section may also, upon the user’s request, be programmed to printdrawing requests automatically. Thereafter, all transactions related to the servicing of debtinstruments, including operations on arrears, penalty interest, rescheduling, swaps, etc., arerecorded in the Service section. The service section contains links to budget lines. Theautomatic registry of operations function enables the user to create blocks of payments,arrears, rescheduled arrears or write-offs for a given subset of debt instruments.To ensure consistency among data for a particular debt instrument, DMFAS executes anumber of automatic controls. Users can also produce different validation reports to checkthe data, using the user-defined report facilities in the Report section of DMFAS. Debtmanagers can also produce a large number of reports for monitoring purposes, usingDMFAS Report facilities.3