We understand you concerns but the intercompany transaction can be resolved through inter-company document i.e. debit note / credit note between ICB and PJT, kindly enlighten me if you have any other accounting and audit issues which will affect the book keeping.
The direct payment method is proposed because this can avoid currency exchange in PJT level and much faster to drawdown the remaining portion of the term loan. Based on our experience, Standard Chartered Bank took longer time to verify the invoices and payment documents before they reimbursing the funds to us. Please let me know your view on the above.