2 Introduction About Collateral Evaluation

This topic provides detailed information about the Collateral Evaluation process in OBCFPM.

Collateral Evaluation is a process in which the customer approaches the bank and requests the bank to evaluate the collateral. The bank performs an in-principle collateral evaluation and informs the customer about the collateral value. The various activities performed for Collateral Evaluation are:

  • Input Application Details
  • Upload related Mandatory and Non Mandatory documents
  • Verify Documents and Capture Details
  • Perform Internal Legal Evaluation
  • Perform Risk Evaluation
  • Perform Internal Valuation of Collateral
  • Generate In-principal Collateral Agreement
  • Receive the customer acceptance of Collateral Agreement
  • On customer acceptance, initiate a detailed Collateral Perfection

The flow chart illustrating various stages in the Collateral Evaluation process is shown below for reference.

Figure 2-1 Process Flow Diagram


Description of Figure 2-1 follows
Description of "Figure 2-1 Process Flow Diagram"

The Collateral Evaluation process has the following stages handled by users authorized to perform the task under these stages.

  • Evaluation Enrichment
  • Legal Opinion
  • Risk Evaluation
  • Valuation
  • Review and Recommendation
  • Approval
  • Customer Notification
  • Customer Agreement