3.2.9 Collateral Details

This topic describes the information about Collateral Details.

• When Collateral details are submitted for new delinquent accounts, it is loaded into the OBC staging area with RECORD_TYPE = 'I'. An automated batch then processes these staging records and inserts them into the main entity table. Each record must be uniquely identified by the combination of Record Type, Product Processor and Collateral Code.
• Oracle Banking Collections verifies whether a record exists for the given Product Processor and Collateral Code. If it exists, the record is updated; otherwise, a new record is inserted.

For field level details please refer to Collateral Details