Siebel Finance Guide > Managing Commercial Loans >
Adding Covenants to Facilities (End User)
Using the Covenants view, end users can associate facilities with covenants. For example, an organization might require a borrower to submit a financial statement every quarter. This type of requirement can be created and managed in the Covenants view. To add a covenant to a facility
- Navigate to the Commercial Loan screen.
- In the Request list, drill down on a commercial loan request.
- Click the Covenants view tab.
- In the Borrower list, select a borrower.
- In the Loan Facility list, select a facility for the borrower.
- In the Covenants list or Covenant Detail form, add a record and complete the necessary fields.
Some fields are described in the following table.
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Covenants Type |
Select Coverage or Leverage. |
Current |
The current value of the covenant. |
Proposed |
The proposed value for the client to comply with the covenant. |
Definition |
Brief description of the covenant. |
Measurement |
Measurement used to define the covenant, such as month or year. |
Operand |
Operand used to define the covenant conditions. For example, <, >, =. |
Copying Existing Covenants from One Facility to Another
If necessary you can copy existing covenants from one facility to another. To copy existing covenants from one facility to another
- Select the facility that has the covenants to be copied.
- In the Covenants list, click Apply To Facility.
- In the Pick Loan Facility dialog box, select the facility to which the covenants are to be added, and click OK.
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