4.12 Collateral Details

This topic describes the information about Collateral Details.

• When collateral details for existing delinquent accounts are updated, the changes are loaded into the OB CollectionsOBC staging area with RECORD_TYPE = 'U' (Update). An automated batch process then validates and processes these staging records and applies the corresponding updates to the main entity table. Each record is uniquely identified by the combination of Record Type, Product Processor, and Collateral Code.
• Oracle Banking Collections checks whether a record exists for the specified Product Processor and Collateral Code. If a match is found, the record is updated; otherwise, a new record is inserted.
• RECORD_TYPE = 'D' is not supported for this entity.