5.2 Legal Evaluation

The following table provides high level overview about the Legal Evaluation stage.

Information available for user Activities that can be performed by user
  • View the party summary.
    • Liabilities requested
    • Facilities requested
    • Collateral Offered
    • Covenants stipulated
    • T&C stipulated
    • Financials
    • Rating
    • Demographic details
  • View comments added in previous stages.
  • Complete the Legal Evaluation.
    • Questionnaire
    • Generate Score
  • Send back the application if additional info required.
  • Capture comments about the Legal evaluation done.

To perform legal evaluation for the proposal, perform the following steps:

  1. In OBCFPM, navigate to Tasks > Free Tasks.
    The Free Task page is displayed.

    Figure 5-32 Free Task


    Description of Figure 5-32 follows
    Description of "Figure 5-32 Free Task"

  2. Acquire & Edit the required Legal Evaluation task. The Credit Origination - Legal Evaluation page summarizing the proposal appears.
  3. To view the sector and industry information, click Industry icon in Party Information section.
    The Industry Details window is displayed.

    Figure 5-37 Industry Details


    Description of Figure 5-37 follows
    Description of "Figure 5-37 Industry Details"

    Table 5-11 Industry Details

    Fields/ Icons Description
    Close Click Close, to exit the Industry Details window.
    To view the overview of the party, click Entity Overview icon in Party Information section. The Entity Overview window is displayed.

    Figure 5-38 Entity Overview


    Description of Figure 5-38 follows
    Description of "Figure 5-38 Entity Overview"

  4. Click Allowed Customers For This Liability icon in the Party Information section, to view party's linked to the liability information.
    The Allowed Customers For This Liability window appears.

    Figure 5-39 Allowed Customers For This Liability


    Description of Figure 5-39 follows
    Description of "Figure 5-39 Allowed Customers For This Liability"

    Figure 5-40 Allowed Customers For This Liability


    Description of Figure 5-40 follows
    Description of "Figure 5-40 Allowed Customers For This Liability"

  5. Click Close, if you want to exit the Allowed Customers for this liability window.
  6. Click Linked to other liabilities icon in the Party Information section, to view other liabilities linked to the party information.
    The Linked to other liabilities window is displayed. If other liabilities are linked, the list of other liabilities details linked to the party window is displayed.

    Figure 5-41 Linked to other liabilities


    Description of Figure 5-41 follows
    Description of "Figure 5-41 Linked to other liabilities"

    Figure 5-42 Linked to other liabilities


    Description of Figure 5-42 follows
    Description of "Figure 5-42 Linked to other liabilities"

  7. Click Close, if you want to exit the Linked to other liabilities window.
  8. Click Layout icons at the top right corner, to change the layout of the Entity Overview. The Layout window is displayed.
  9. Select the required layout. Entity Overview is changed to the selected layout as shown below.

    Figure 5-44 Entity Overview


    Description of Figure 5-44 follows
    Description of "Figure 5-44 Entity Overview"

    Table 5-12 Entity Overview

    Fields/ Icons Description
    Close To exit Entity Overview window, click Close.

    In Party Information section, the count of Share Holders, Contractors, Guarantors, and Bankers is displayed.

    Count numbers To view the detailed information about the Share Holders, Contractors, Guarantors, and Bankers, click the respective count numbers.
    Layout Icon To change the layout of Facility Summary, Collateral Summary, Existing Facilities held with Other Bank, Pricing, Covenants, and Conditions widgets in Summary page, click Layout icon and select the required layout.

    By default, Financial Profile of the party and financial Projections for the party are listed for 3 years.

    Financial Profile and Projections To view Financial Profile and Projections for five years, select Previous 5 years option from the Show results for drop-down list.
    Detailed Financial Profile and Projections To view detailed information about the Financial Profile and Projection, click View all in the respective sections.
  10. After reviewing the Summary, click Next.
    The Legal Evaluation page is displayed.

    Figure 5-45 Legal Evaluation


    Description of Figure 5-45 follows
    Description of "Figure 5-45 Legal Evaluation"

    In Legal Evaluation page, you can perform legal evaluation for both the party and its connected parties by using a questionnaire related to the evaluation.

  11. To initiate the evaluation, click Start.
    The Questionnaire window is displayed.

    Figure 5-46 Questionnaire


    Description of Figure 5-46 follows
    Description of "Figure 5-46 Questionnaire"

    Table 5-13 Questions

    Fields/ Icons Description
    Next Category Select answers for the available questions and click Next Category.
    Right arrow Right arrow icon appears in case of multiple questions, click the right arrow and answer all the questions in all the category.

    A score is generated and displayed for the sector based on each answer provided.
    Save Click Save.

    A score is generated and displayed for the sector based on each answer provided.

    Note: The questions can be of multiple categories. For each question depending on the answer a score is generated.

    After performing the legal analysis for both the party and its connected parties, the Legal Evaluation page with a cumulative score appears.

    Figure 5-47 Legal Evaluation


    Description of Figure 5-47 follows
    Description of "Figure 5-47 Legal Evaluation"

    Click Next in the Legal Evaluation page. The Comments page is displayed.

    Figure 5-48 Comments


    Description of Figure 5-48 follows
    Description of "Figure 5-48 Comments"

    For field level information refer the table below.

    Table 5-14 Comments

    Fields/ Icons Description
    Comments Enter the overall Comments for the legal evaluation and click Post. The comment is posted below the Comments box section.
  12. Click Submit.
    The Policy Exceptions window is displayed.

    Figure 5-49 Policy Exceptions


    Description of Figure 5-49 follows
    Description of "Figure 5-49 Policy Exceptions"

    By default, Policy Exceptions are displayed for both the party and its child party.

    Table 5-15 Policy Exception

    Fields/ Icons Description
    Party details To view the policy exception detail specific to party or child party, select the party from the drop-down list at top left corner.
    Next Click Next, the Business screen is displayed.
  13. Click the Business data segment.

    Figure 5-50 Business


    Description of Figure 5-50 follows
    Description of "Figure 5-50 Business"

    Table 5-16 Business

    Fields/ Icons Description
    Next Click Next, the Checklist screen is displayed.
  14. Click the Checklist data segment.

    Figure 5-51 Checklist


    Description of Figure 5-51 follows
    Description of "Figure 5-51 Checklist"

    Table 5-17 Checklist

    Fields/ Icons Description
    Outcome Select the Outcome as Proceed if additional information is not required. Else, select the Outcome as Additional Info.
    Submit Click Submit.

    Note:

    For information on Write up data segment, refer Write Up section.

Parent topic: Proposal Evaluation