5.1 Basic Info

This topic provides systematic instructions about the procedure to enrich basic information captured in the Initiation stage.

The system defaults the collateral and application details captured as part of initiation in this data segment. You can modify these details, if required. Based on the Application category selected, the system defaults the documents to be uploaded and the checklists applicable for the stage in the Document Upload and Checklists screens, respectively.
  1. From Home screen, click Tasks. Under Tasks, click Free Tasks.
    The Free Task screen is displayed.

    Figure 5-1 Free Task


    Description of Figure 5-1 follows
    Description of "Figure 5-1 Free Task"

  2. Click Acquire & Edit, the required Data Enrichment task.
    The Data Enrichment - Basic Info screen is dispalyed.

    Figure 5-2 Enrichment_Basic Info

    Description of Figure 5-2 follows
    Description of "Figure 5-2 Enrichment_Basic Info"
  3. Provide all the details in the Data Enrichment - Basic Info screen.

    For more information on the fields, refer to the field description table below:

    Table 5-1 Basic Info - Collateral Details - Field Description

    Field Description

    Customer ID

    		 Customer Id selected in the Quick Initiation screen is displayed. You can change the Customer Id, if required.
    Customer Name Customer Name is displayed based on the selected Customer Id.
    Liability Number Search and select Liability Number.
    Collateral Id

    Collateral Id is a unique identifier generated for the collateral. This is system generated and you cannot modify.

    Collateral Type

    Collateral Type selected in the Quick Initiation screen is displayed here. You cannot modify this.

    Collateral Category

    Select the Collateral Category. Collateral Categories applicable for the selected Collateral Type are displayed in the drop down list.

    Collateral Description

    Collateral Description provided in the Initiation stage is displayed here. You can modify this if required.

    Collateral Currency

    Collateral Currency specified in the Initiation stage is displayed here. You can modify this if required.

    Owner Estimated Value

    Owner Estimated Value of the collateral specified in the Initiation stage is displayed here. You can modify this if required.

    Available From

    Available From date selected in the Initiation stage is displayed here. You can modify this if required.

    Available Till

    Available Till date selected in the Initiation stage is displayed here. You can modify this if required.

    Purpose of Collateral

    Purpose of Collateral selected in the Initiation stage is displayed here. You can modify this if required.

    Applicable Business

    Select the business for which the collateral is applicable. Options include but not limited to LT Lending, Trade, and Working Capital.

    Charge Type
    Select the Charge Type from the drop down list. The available options are:
    • Hypothecation
    • Pledge
    • Lien
    Seniority of Charge
    Select the Seniority of Charge from the drop down list. The available options are:
    • First
    • Second
    • Third
    • PRIMARY
    LTV Percentage Specify the collateral's loan to value percentage.
    Collateral Status
    Select the status of the collateral. The available options are:
    • Active
    • Release
    Document Status
    Select the status of the collateral document. The available options are:
    • Active
    • Release

    Table 5-2 Basic Info - Ownership Details - Field Description

    Field Description
    Ownership Type
    Select the Ownership Type from the drop down list. The available options are:
    • Single
    • Joint
    Shareable Across Customers

    Enable this flag if the collateral is shareable with multiple customers.

    Table 5-3 Basic Info - Configuration - Field Description

    Field Description
    Refer to Field Investigation

    This flag is enabled if this configuration is enabled in the Business Process Maintenance for the selected Collateral Type. Field Investigation stage is applicable in the Collateral Perfection process, only if this flag is enabled.
    Refer to External Check

    This flag is enabled if this configuration is enabled in the Business Process Maintenance for the selected Collateral Type. External Check stage is applicable in the Collateral Perfection process, only if this flag is enabled.
    Refer to External Valuation

    This flag is enabled if this configuration is enabled in the Business Process Maintenance for the selected Collateral Type. External Valuation stage is applicable in the Collateral Perfection process, only if this flag is enabled.
    Refer to Legal Opinion

    This flag is enabled if this configuration is enabled in the Business Process Maintenance for the selected Collateral Type. Legal Opinion stage is applicable in the Collateral Perfection process, only if this flag is enabled.
    Refer to Internal Legal Opinion

    This flag is enabled if this configuration is enabled in the Business Process Maintenance for the selected Collateral Type. Internal Legal Opinion stage is applicable in the Collateral Perfection process, only if this flag is enabled.
    Refer to Internal Valuation

    This flag is enabled if this configuration is enabled in the Business Process Maintenance for the selected Collateral Type. Internal Valuation stage is applicable in the Collateral Perfection process, only if this flag is enabled.
    Refer to Risk Evaluation

    This flag is enabled if this configuration is enabled in the Business Process Maintenance for the selected Collateral Type. Risk Evaluation stage is applicable in the Collateral Perfection process, only if this flag is enabled.
  4. Click Next.