10.6 Identifying Loan Products for Agency Contract Creation

You can create loan products in the Loans and Deposits – Product Definition screen. To facilitate Straight Through Processing (STP) from Loan Syndication module to Loans and Deposit module, you have to maintain products specifically to serve this purpose. For this, you have to check the Agency Contract box in the Loans and Deposits Product Preferences screen to indicate that only products with this preference is used for creating contracts on the originations side.

Only Agency Contract type of products are available for mapping with LB products (in the LB OL Product and Component Mapping screen).

This preference defaults to all contracts booked under the product. It helps in distinguishing a normal loan from an agency contract. However, if required, you can deselect this box for a contract (in the OL Contract Online screen).

For more details on setting up loan products in the OL module, refer the Defining the Attributes specific to a Loan product chapter of the Loans User Manual.