3.1 Create Application

Detailed information on the Creating Application of the FI Credit Proposal Initiation.

  1. Select the Application Priority based on the customer requirement. The options available are Low, Medium and High.
  2. Click search icon in the Application Branch field.
    The Select Branch screen is displayed.

    Figure 3-3 Select Branch

    Description of Figure 3-3 follows
    Description of "Figure 3-3 Select Branch"

    For information on fields in the Select Branch screen, refer the below table.

    Table 3-1 Select Branch

    Fields Description
    Fetch Click Fetch. Branch details appear.
    Branch Code Click the required Branch Code to add it to the Application Branch field.

For information on fields in the Customer details screen, refer the below table.

Table 3-2 Customer details

Fields Description
Customer Select the Customer type. The options available are New and Existing.
Customer ID Upon selecting the Existing option, the Customer ID field is displayed.

  1. Click search icon in the Customer ID field.
    The Select Customer screen is displayed.

    Figure 3-4 Select Customer

    Description of Figure 3-4 follows
    Description of "Figure 3-4 Select Customer"

    For information on fields in the Select Customer screen, refer the below table.

    Table 3-3 Select Customer

    Fields Description
    Fetch Click Fetch. Customer details appear.
    Customer ID Click the Customer Id. Selected ID is added to the Customer ID field.

For information on fields in the Organization details screen, refer the below table.

Table 3-4 Organization details

Fields Description
FI Name Type the FI Name.
FI Code Specify the unique code assigned to the Financial institution in the FI Code field.
BIC Code Specify the financial institution’s BIC Code.
FI Type Select the FI Type from the drop down list. The options available are Single and Conglomerate.
FI Legal Entity Type Select the FI Legal Entity Type from the drop down list. The options available are Proprietorship, Pvt Ltd, Public Ltd, Govt Owned, Trusts, Clubs, Society, Associations, Limited Liability Partnership, Foreign Bodies, NGO and Others.
Demography Type Select the Demography Type from the drop down list. The options available are Domestic and Global

Upon selecting Global option, Geographical Spread field appears.
Geographical Spread Search and select all the countries in which the FI is operating as Geographical Spread.
Country of incorporation Select the Country of incorporation.
Incorporation date Click the calendar icon and select the Incorporation date.
Country of Domicile Select the Financial Institution’s Country of Domicile for organization from the drop down list.

  1. Type the following addresses in respective fields:
    • Website Address
    • Facebook Address
    • Twitter Address
  2. To capture industry details of the Financial Institution, click +Add sector.
    The Add Industry window is displayed.

    Figure 3-5 Add Industry

    Description of Figure 3-5 follows
    Description of "Figure 3-5 Add Industry"

    For information on fields in the Add Industry screen, refer the below table.

    Table 3-5 Add Industry

    Fields Description
    Industry Groups Select the FI sector. Available Industry Groups appear.
    Industries Select the FI Industry Group. Available Industries appear.
    Sub-Industries Select the FI Industry. Available Sub-Industries appear.
  3. Select the FI sub-industry. The Industry details are added and displayed as shown below:

    Figure 3-6 Industries Details


    Description of Figure 3-6 follows
    Description of "Figure 3-6 Industries Details"

  4. To delete the added industry, click Action icon and select delete option.
  5. To capture rating information of the Financial Institution, click +Add ratings.
    The Add Rating window is displayed.

    Figure 3-7 Add Rating

    Description of Figure 3-7 follows
    Description of "Figure 3-7 Add Rating"
  6. Select the following details:
    • Rating Date
    • Outlook
    • Risk Ratings
    • Rated By

    The Year Of Rating is automatically populated based on the selected Rating Date.

    Upon selection of the above details, the rating is added and displayed as shown below.

    Figure 3-8 Customer Rating


    Description of Figure 3-8 follows
    Description of "Figure 3-8 Customer Rating"

  7. To modify or delete the added rating, click the hamburger icon and select the required option.

    Note:

    If the Financial Institution is rated by different rating firms, all the rating information must be captured while initiating credit proposal. To add another rating information, click +Add ratings again.
  8. Enable the Special customer flag, if the Financial Institution is a special customer for your bank.

RM Details

RM Id is automatically populated based on the login details.

For information on fields in the RM Details screen, refer the below table.

Table 3-6 RM Details

Fields Description
RM Id To modify the RM Id, search and select the required user.
Submit To submit the application for enrichment, click Submit. A unique application number is assigned to the application for easy identification, and the Initiation task is created.
Submit and Enrich To enrich the application right away, click Submit and Enrich.

  1. To cancel and exit the Initiation window, click Cancel.

    Note:

    During customer (child party) creation, Create button appears instead of Submit, Submit and Enrich, and Cancel buttons. Click Create to add customer for the Financial Institution

Parent topic: Credit Initiation