8 Amendment Review

This topic describes information about the Amendment Review of the Credit Amendment.

This is a Checker stage in the work flow. In this stage, the senior member of the credit team reviews the amendment application and verifies if it is as per the banks policies. The user will have the option to send the application back to the previous stages in case any additional information is required or if the amendment proposal needs any modification. If all the conditions are satisfied, the proposal is sent to the approving authority for approval.

The following table provides a high level overview about the Amendment Review 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 Add write up Send back the application if additional information is required Submit application for Approval

Amendment review process is similar to the amendment structuring process. Refer Amendment Structuring chapter for step-by-step instructions on reviewing the amendment proposal.

Note:

In Amendment Review stage, the amendment proposal can be only viewed and cannot be modified.