3 Quick Initiation

This topic provides systematic instructions about the procedure to initiate the Collateral Perfection process in OBCFPM.

The Relationship Manager or the operations user can perform quick initiation of collateral perfection on receiving the application from the customer.
  1. From Home screen, click Collaterals. Under Collaterals, select Perfection.
    The Perfection Initiation screen is displayed.

    Figure 3-1 Collateral Perfection


    Description of Figure 3-1 follows
    Description of "Figure 3-1 Collateral Perfection "

  2. Click Initiate Perfection.
    The Quick Initiation screen is displayed.

    Figure 3-2 Quick Initiation


    Description of Figure 3-2 follows
    Description of "Figure 3-2 Quick Initiation"

  3. Provide all the details in the Quick Initiation window.
    For information on the fields, refer to the field description table below.

    Table 3-1 Quick Initiation - Application Branch Details - Field Description

    Field Description

    Application Branch

    Select the bank branch for creating Collateral Perfection application.

    Application Priority
    Select the Application Priority. The options available are:
    • Low
    • Medium
    • High

    Application Category

    Select the Application Category as Collateral Perfection.

    Application Date

    Click the calendar icon and select the Collateral Perfection Application Date.

    Table 3-2 Quick Initiation - Customer Details - Field Description

    Field Description

    Customer Id

    Select the Customer Id from the List of Values.

    Customer Name

    Customer Name is displayed based on the selected Customer Id.

    Click Add Collateral in the Collateral Details section, The Add Collateral window is displayed.

    Figure 3-3 Add Collateral


    Description of Figure 3-3 follows
    Description of "Figure 3-3 Add Collateral"

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

    Table 3-3 Add Collateral- Field Description

    Field Description

    Collateral Type

    Select the Collateral Type from the drop-down list. The available options are:

    • Account Receivables
    • Account Contracts
    • Aircraft
    • Bill Of Exchange
    • Bond
    • Cash Collaterals
    • Commercial Paper
    • Commodity
    • Corporate Deposits
    • Crop
    • Fund
    • Guarantee
    • Insurance
    • Inventory
    • Machine
    • Miscellaneous
    • Other Bank Deposits
    • PDC
    • Perishable
    • Precious Metals
    • Promissory Note
    • Property
    • Ship
    • Stock
    • Vehicle

    Collateral Category

    Select the Collateral Category from the drop-down list.

    Collateral Description

    Specify the Collateral description.

    Currency

    Specify the collateral currency.

    Owner Estimated Value

    Specify the Owner Estimated Value of the collateral.

    Purpose of Collateral

    Select the purpose of the Collateral from the drop-down list. The available options:

    • New Facility
    • Enhancement Of Limit
    • Replacement Of Collateral
    • Augmentation Of Collateral
  4. After adding collateral, click Submit in the Quick Initiation screen.

    The application is created and listed in the Free Tasks screen.