6 KYC Check

This is an optional stage. If the KYC details are available for the party, the banker can add the KYC details to the credit proposal. Adding KYC details helps the Approver to determine the originality of the party.

Steps to add KYC details

To add KYC details, perform the following steps:

  1. In OBCFPM, navigate to Tasks > Free Tasks.
    The Free Tasks page is displayed.

    Figure 6-1 Free Tasks


    Description of Figure 6-1 follows
    Description of "Figure 6-1 Free Tasks"

  2. Acquire & Edit the required KYC task. The Credit Origination - KYC Evaluation page summarizing the proposal is displayed.
  3. To view the sector and industry information, click Industry icon in Party Information section.
    The Industry Details window is displayed.

    Figure 6-6 Industry Details


    Description of Figure 6-6 follows
    Description of "Figure 6-6 Industry Details"

    Table 6-1 Industry Details

    Fields/ Icons Description
    Close Click Close, to exit the Industry Details window.
    To view the overview of the party, click Entity Overview icon in Party Information section. The Entity Overview window is displayed.

    Figure 6-7 Entity Overview


    Description of Figure 6-7 follows
    Description of "Figure 6-7 Entity Overview"

  4. Click Allowed Customers For This Liability icon in the Party Information section, to view party's linked to the liability information.
    The Allowed Customers For This Liability window appears.

    Figure 6-8 Allowed Customers For This Liability


    Description of Figure 6-8 follows
    Description of "Figure 6-8 Allowed Customers For This Liability"

    Figure 6-9 Allowed Customers For This Liability


    Description of Figure 6-9 follows
    Description of "Figure 6-9 Allowed Customers For This Liability"

  5. Click Close, if you want to exit the Allowed Customers for this liability window.
  6. Click Linked to other liabilities icon in the Party Information section, to view other liabilities linked to the party information.
    The Linked to other liabilities window is displayed. If other liabilities are linked, the list of other liabilities details linked to the party window is displayed.

    Figure 6-10 Linked to other liabilities


    Description of Figure 6-10 follows
    Description of "Figure 6-10 Linked to other liabilities"

    Figure 6-11 Linked to other liabilities


    Description of Figure 6-11 follows
    Description of "Figure 6-11 Linked to other liabilities"

  7. Click Close, if you want to exit the Linked to other liabilities window.
  8. To change the layout of the Entity Overview, click Layout icon at the top right corner. The Layout window is displayed.
  9. Select the required layout. Entity Overview is changed to the selected layout as shown below.

    Figure 6-13 Entity Overview


    Description of Figure 6-13 follows
    Description of "Figure 6-13 Entity Overview"

    Table 6-2 Entity Overview

    Fields/ Icons Description
    Close To exit the Entity Overview window, click Close.

    In Party Information section, the count of Share Holders, Contractors, Guarantors, and Bankers is displayed.

    Respective count numbers To view the detailed information about the Share Holders, Contractors, Guarantors, and Bankers, click the respective count numbers.
    Layout Icon To change the layout of Facility Summary, Collateral Summary, Existing Facilities held with Other Bank, Pricing, Covenants, and Conditions widgets in Summary page, click Layout icon and select the required layout.

    By default, Financial Profile of the party and financial Projections for the party are listed for 3 years.

    Financial Profile To view Financial Profile and Projections for five years, select Previous 5 years option from the Show results for drop-down list.
    Financial Profile To view detailed information about Financial Profile and Projection, click View all in the respective sections.
  10. After reviewing Summary, click Next.
    The KYC page is displayed.

    Figure 6-14 KYC


    Description of Figure 6-14 follows
    Description of "Figure 6-14 KYC"

    In the KYC page, provision to add KYC details for the party and all its connected parties is provided.

    For KYC details field level information refer the table below.

    Table 6-3 KYC details

    Fields/ Icons Description
    Hamburger icon Click or mouse hover on Action icon in the required list item (party or its connected parties). The following options appears:
    • KYC Details
    • KYC Evaluation (appears only if this feature is enabled in Maintenance module)
  11. To add the KYC Details, click KYC Details option.
    The KYC Details window is displayed.

    Figure 6-15 KYC Details


    Description of Figure 6-15 follows
    Description of "Figure 6-15 KYC Details"

    For KYC details field level information refer the table below.

    Table 6-4 KYC details

    Fields/ Icons Description
    Report Received If KYC report is available for the party, enable Report Received option.
    Verification Date Click the Calendar icon and select KYC Verification Date.
    Effective Date Click the Calendar icon and select Effective Date on which the KYC verification is approved.
    KYC Method Enter KYC Method. For example, Field verification is a KYC Method.
    KYC Status Select KYC Status. The options available are:
    • Verified
    • Yet To Verify
    • Verification Failed
  12. Click Create. KYC details are updated in the KYC page as shown below.
  13. To perform KYC evaluation, click Action icon and select KYC Evaluation. Questionnaire maintained for the KYC evaluation is displayed.

    Figure 6-17 KYC Evaluation


    Description of Figure 6-17 follows
    Description of "Figure 6-17 KYC Evaluation"

    Table 6-5 KYC Evaluation

    Fields/ Icons Description
    Next Category Select answers for the available questions and click Next Category.
    Right arrow Right arrow icon appears in case of multiple questions, click Right arrow and answer all the questions in all the category.

    Total score is generated and displayed for the KYC evaluation based on each answer provided.
    Save Click Save.

    Click Save in the KYC Evaluation screen. The KYC page is updated with the Evaluation Score as shown below.

    Figure 6-18 KYC


    Description of Figure 6-18 follows
    Description of "Figure 6-18 KYC"

  14. After adding KYC details or performing KYC evaluation for the party and all its connected parties, click Next.
    The Comments page is displayed.

    Figure 6-19 Comments


    Description of Figure 6-19 follows
    Description of "Figure 6-19 Comments"

    Table 6-6 Comments

    Fields/ Icons Description
    Comments Post comments, if required. The posted comment is displayed below the Comments box.
  15. Click Submit.
    The Policy exceptions window is displayed.

    Figure 6-20 Policy Exceptions


    Description of Figure 6-20 follows
    Description of "Figure 6-20 Policy Exceptions"

    By default, Policy Exceptions are displayed for both the party and its child party.

    Table 6-7 Policy Exception

    Fields/ Icons Description
    Party Details To view the policy exception detail specific to party or child party, select Party from the drop-down list at top left corner.
  16. Click the Business data segment.
  17. Click the Checklist data segment.

    Figure 6-22 Checklist


    Description of Figure 6-22 follows
    Description of "Figure 6-22 Checklist"

    Table 6-8 Checklist

    Fields/ Icons Description
    Outcome Select Outcome as Proceed if additional information is not required. Else, select the Outcome as Additional Info.
    Submit Click Submit.

    Note:

    For information on Write up data segment, refer Write Up section.