3 Credit Extension Initiation

This topic provides systematic insructions about the Credit Extension Initiation stage in the Credit Proposal Extension Process.

In this stage, the Relationship Manager or other user responsible for this stage must select the required party and initiate the Credit Extension process.

To initiate Credit Proposal Extension process:

  1. Login to OBCFPM.

Figure 3-1 Navigation Menu


Left navigation menu in OBCFPM

  1. On Home screen, select Credit Facilities. Under Credit Facilities, select Corporate. Under Corporate, select CP Extension.
    The CP Extension screen is displayed.

    Figure 3-2 CP Extension


    Option to provide application details and initiate Credit Extension process

  2. Select the CP Extension Application Priority.
    The options available are:
    • Low
    • Medium
    • High
  3. Select the Application Branch.
    Branches maintained in Common Core Maintenance module are displayed in the option list.
  4. Select the required Party Id.
    Party Ids of the on-boarded customers are displayed in the option list.

Upon selecting the Party Id, the system displays the Customer Information and the WIP Applications created for the party and enables the Initiate Credit Extension Process button.

  1. Click Initiate Credit Extension Process.
    The system creates a unique application number for the Credit Extension application and displays the Initiation - Customer Creation screen.
  • Customer Creation
    This topic provides systematic instructions about the Customer Creation data segment in the Credit Extension Initiation stage.
  • Liability
    This topic provides systematic instructions about the procedure to extend the expiry date of all the facilities in Credit Extension Initiation stage.
  • Funding Requirement
    This topic provides systematic instructions about the procedure to extend the expiry date of a single facility in Credit Extension Initiation stage.
  • Comments
    This topic provides systematic instructions about the procedure to add overall comments for the Credit Extension Initiation stage.
  • Summary
    This topic provides systematic instructions about the procedure to view the Summary and submit the Initiation task.