5.3 Amendment Evaluation - Legal Evaluation

This topic describes information about the Legal Evaluation of the Credit Amendment.

The following table provides a high level overview about the Legal Evaluation 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 the changes related to facilities, collateral, covenants, and T&C
  • Comments added in previous stages
  • Complete the legal evaluation
    • Questionnaire
  • Send back the application, if additional information is required
  • Capture comments about the performed legal evaluation

Legal evaluation is similar to the risk evaluation. Refer Amendment Evaluation - Risk Evaluation for information on performing legal evaluation.

After completing all the evaluation processes, the amendment proposal is sent to the proposal structuring stage.

Parent topic: Amendment Evaluation