9 Amendment Approval

This topic provides systematic instructons about the Amendment Approval of the Credit Amendment.

In this stage, members of the approving authority team review the application in its entirety, evaluate the recommendations given by the business and credit teams, and then finally make a judgment on the amendment proposed. The approving authority may refer the proposal back to the previous stages for any modification or reject the amendment proposal. If all the conditions are satisfied, the proposal is approved.

The following table provides a high level overview about the Amendment Approval stage.

Information Available for User

Activities that can be performed by user

Customer summary Customer group Structure - Liability details, Facility details Other bank facilities Group wise exposure Connected party details Facility over utilized, Facility overdue Breached covenants Breached T&C, Existing Collateral details Existing covenants and T&C Amendment summary Details about changes related to facilities, collateral, covenants and T&C Comments added in previous stages Credit evaluation scores and details Legal evaluation score and details Risk evaluation score and details Write up added in previous stages Comments added in previous stages

Review the following Liability amount and dates requested and proposed Facility amount and dates requested and proposed Covenants proposed T&C proposed Collateral Offered Capture the following Approved Liability amount and dates Approved Facility amount and dates Add/Modify/Delete facility, collateral, covenants or T&C Add write up Send back the application for proposal revision if additional information is required Approve the application Reject the application

To approve the amendment proposal, perform the following steps:

1. On Home screen, select Tasks, under Tasks, select Free Task.
   The Free Tasks page is displayed.

   Figure 9-1 Free Task

   
   

   
   Description of "Figure 9-1 Free Task"

   
   
2. Click Acquire & Edit the required Amendment Approval task.
   The Proposal Approval - Customer Summary page appears.

   Figure 9-2 Customer Summary

   
   

   
   Description of "Figure 9-2 Customer Summary"

   
   

   Note:

   For information on actions that can be performed in Proposal Approval - Customer Summary page, refer Customer Summary section in Amendment Structuring chapter.
3. Upon clicking Next in the Customer Summary page. The Amendment Summary page is displayed.

   Figure 9-3 Amendment Summary

   
   

   
   Description of "Figure 9-3 Amendment Summary"

   
   

   Note:

   For information on actions that can be performed in the Amendment Summary page, refer unresolvable-reference.html#T_AMENDMENT_SUMMARY123.
4. Upon clicking Next in the Amendment Summary page. The Approval page is displayed.

   Figure 9-4 Approval

   

   For information on fields in the Approval page, refer the below table.

   Table 9-1 Approval

   Fields	Description
   Amendment impact overview	To view the Amendment impact overview, click and expand the corresponding section.
   Filter	To filter the facility, click the Filter button and provide the filter parameters. (Or) directly type first 3 letters of the filter parameter in Type to filter text box.

   Note:

   For information on modifying existing facility or creating new facility, refer unresolvable-reference.html#T_FACILITIES
5. To approve the facility, click on the facility and select the Approve Facility icon (tick icon).
   The Approve Facility window is displayed.

   Figure 9-5 Approve Facility

   

   For information on fields in the Approve Facility page, refer the below table.

   Table 9-2 Approve Facility

   Fields	Description
   Approve	Post the Comments for the facility and click Approve.
   Cancel	To cancel the operation, click Cancel.
   Send Facility Back For More Info	To request additional information for the facility, select the facility and click the Send Facility Back For More Info icon (icon next to the tick icon).
   Reject Facility	To reject the facility, select the facility and click the Reject Facility icon.

   Note:

   For information on actions that can be performed in the Covenants, Collaterals, and Terms & Conditions tab, refer unresolvable-reference.html#T_PROPOSAL_STRUCTURING.
6. To go to the Comments page, click Next in the Approval page.

   Figure 9-6 Comments

   
   

   
   Description of "Figure 9-6 Comments"

   
   

   For information on fields in the Comments page, refer the below table.

   Table 9-3 Comments

   Fields	Description
   Post	Post the Comments for the overall approval process.
   Hold	To exit the page without saving the information, click Hold.
   Back	To go back to the previous page, click Back.
   Save & Close	To save and exit the page, click Save & Close.
   Submit	To go to the Next stage, click Submit.
   Cancel	To cancel the operation, click Cancel.

7. Upon clicking Submit.
   The Policy exceptions window is displayed.

   Figure 9-7 Policy exceptions

   
   

   
   Description of "Figure 9-7 Policy exceptions"

   
   

   By default, policy exceptions are displayed for both the party and the child parties.

8. To view the policy exception detail specific to party or child party, select the party from the drop down list at top left corner.
9. Click the Checklist data segment.

   Figure 9-8 Checklist

   
   

   
   Description of "Figure 9-8 Checklist"

   
   

   For information on fields in the Checklist page, refer the below table.

   Table 9-4 Checklist

   Fields	Description
   Outcome	Select the Outcome as PROCEED, if additional information is not required. Otherwise select the Outcome as Additional Info.
   Submit	Click Submit.

   If the Outcome is selected as Proceed, the amendment proposal is moved to the Draft Generation stage.

   If the Outcome is selected as Additional Info, the amendment proposal is moved to the Amendment Enrichment stage.

   Note:

   Write Up data segment appears, if the data segment is enabled in the Maintenance module. For information on Write up data segment, refer Amendment Initiation chapter.