5.2.3.6 User Defined Status
If you have not checked the Schedule Level status processing for the drawdown product (as part of product preferences), you have to specify the drawdown status here. For a new drawdown, the default status is NORM (Normal). You cannot change the status of any of the schedules in this case. You can select from a list of user-defined statuses maintained for the drawdown product (in the Status Maintenance screen).
If you have defined schedule-level status processing for the drawdown product, you cannot change the status of the contract in this field. You can change the status of any of the schedules, as required, and the status of the contract is determined as the worst status among the individual statuses of the schedules.
Parent topic: Capturing Details in the ‘Contract’ Tab