3.10 Collateral

You can add collateral details of the party in this data segment, if the details are available.

Figure 3-59 Collateral


Description of Figure 3-59 follows
Description of "Figure 3-59 Collateral"

  1. Click the + icon.
    The Basic Details window is displayed.

    Basic Details

    In this page, you can select a collateral type and capture basic details about the collateral.

    Figure 3-60 Basic Details


    Description of Figure 3-60 follows
    Description of "Figure 3-60 Basic Details"

    For information on fields in the Basic Details screen, refer the table below.

    Table 3-27 Basic Details

    Fields/Icon Description
    Collateral ID Specify a unique ID for collateral in the Collateral Id field.
    External Reference ID Specify external reference ID for collateral in the External Reference ID field.
    Collateral Type Select the Collateral Type from the drop-down list. The options available are:
    • Accounts Receivables
    • Accounts Contracts
    • Agreement Undertaking
    • Aircraft
    • Bill of Exchange
    • Bond
    • Cash Collateral
    • Commercial Paper
    • Commodity
    • Corporate Deposits
    • Crop
    • Deposits
    • Fund
    • Guarantee
    • Intangible Assets
    • Insurance
    • Inventory
    • Livestock
    • Machine
    • Miscellaneous
    • PDC
    • Perishable
    • Precious Metals
    • Promissory Note
    • Property
    • Ship
    • Stock
    • Vehicle
    Collateral Category Select Collateral Category from the drop-down list. Collateral categories are listed based on the selected Collateral Type.
    Collateral Currency Click search icon in Collateral Currency field and select the currency for collateral value.
    Collateral Value and Held Collateral Value Specify Collateral Value and Held Collateral Value in corresponding fields.
    Charge Type Select Charge Type based on selected Collateral Type. The options available are:
    • Assignment
    • Equitable Mortgage
    • Hypothecation
    • Lien
    • Mortgage
    • Negative lien
    • Pledge
    • Registered Mortgage
    • Setoff
    Seniority of Charge Select the bank’s Seniority of Charge on the collateral. The options available are:
    • Exclusive
    • First
    • First Pari passu charge
    • Second
    • Second Pari passu charge
    • Subservient Charge
    • Third
    Collateral Status Collateral Status is displayed as Active by default.
    Collateral Start Date and Collateral End Date Click Calendar icon and select the Collateral Start Date and Collateral End Date. Collateral will be effective only during the mentioned period.
    LGD Type Select the LGD Type (Loss Given Default Type) from the drop-down list. The bank will take action on loss given default based on the option selected in this field. The options are:
    • Cash & Cash Equivalent- Cash Margin
    • Cash & Cash Equivalent- FD Lien
    • Cash & Cash Equivalent - Mashreq Investment Certificate (MIC)
    • Cash & Cash Equivalent - Mashreq Investment Series (MIS)
    • Contracting Receivables - PPCs
    • Corporate Guarantee - International/GCC /Local Corporate
    • Durables/Non-Durables
    • Financial Guarantee - Banks/Financial Institution
    • Gold
    • Main index equities (including convertible bonds)
    • Mortgage Equipment - Industrial Items /Consumer Durables/Non-DurablesNon-Durables
    • Mortgage Real Estate - Commercial/Residential/Industrial Unit/Property
    • None (No Collateral)
    • Other equities (including convertible bonds) listed on a recognised exchange
    • Others issuers Bonds
    • Pledged Rental Receivables - Residential/Commercial
    • Pledged Stocks - Goods (durable / non-durable)
    • Shares
    • Sovereign Bonds
    • Trade Receivables - LBD
    • UCITS/Mutual funds
    Collateral Classification Select Collateral Classification from the drop-down list. The options available are:
    • Liquid
    • Secured
    • Unsecured
    LTV % Specify the collateral’s loan to value percentage in LTV % field. By default, it is displayed as 100%.
    Tangible Enable Tangible flag, if the collateral is tangible.
    Document Status Select Document Status from the drop-down list. The options available are:
    • Not Submitted
    • Released
    • Submitted
    Revaluation Details Select Revaluation Type from the drop-down list. The options are:
    • Automatic
    • Manual
    Collateral Description Specify a brief description about the collateral in Collateral Description field.
    Remarks Capture Remarks about the collateral.
  2. Click Next. The Collateral Details page is displayed.

    Note:

    During Initiation stage, if information is available then you can enter all the details about the collateral. Otherwise, Only the basic details can be entered and further enrichment can be done in the later stages.

    Refer Collateral Details, for more information on adding collateral details.

Parent topic: Proposal Initiation