3.1 Collateral Initiation

This topic provides systematic instructions about the Collateral Initiation data segment in the Evaluation Enrichment stage.

In this data segment, the Collateral and Application details captured as part of Quick Initiation are defaulted. You can modify these details as well as add additional collateral details.

Figure 3-1 Enrichment - Collateral initiation


Description of Figure 3-1 follows
Description of "Figure 3-1 Enrichment - Collateral initiation"

  1. For information on fields in the Enrichment - Collateral Initiation screen, refer the field description table below.

    Table 3-1 Enrichment - Collateral Initiation - Field Description

    Field Description

    Application Branch

    By default, the system displays the current branch details. User can modify the Application Branch, if required.

    Collateral Type

    By default, this field displays theCollateral Type selected in the Quick Initiation screen. User cannot modify this.

    Collateral Category

    By default, this field dispalys the Collateral Category selected in the Quick Initiation screen. User cannot modify the same.

    Available From Date

    Specify the date from which the collateral is available.

    Collateral Description

    Specify a brief description about the Collateral.

    Owner Estimated Value

    Specify the Owner Estimated Value of the collateral.

    Purpose of Collateral

    Purpose of collateral selected in the Quick Initiation screen is defaulted. User can modify this, if required.

    Exposure Type

    Click and select the Exposure Type for tracking purpose.

    Seniority of Charge
    Specify the bank's Seniority of Charge on the collateral. The options available in the drop down list are:
    • First
    • Second
    • Third

    Ownership Type
    Specify the customer's collateral Ownership Type. The available options are:
    • Single
    • Joint

    Revaluation Type
    Select the Collateral Revaluation Type from the drop down list. The options available are:
    • Automatic
    • Manual
  2. Click Next, after capturing and/or modifying the collateral details.
    The Enrichment - Collateral Ownership screen is displayed.