6.1 Steps to add KYC details

To add KYC details, perform the following steps:

  1. From Home screen, click Tasks. Under Tasks, click Free Tasks.
    The Free Tasks page is displayed.

    Figure 6-1 Free Tasks

    Acquire and Edit action for Free Tasks
  2. Acquire & Edit the required KYC task.
    The KYC Evaluation Customer Summary page is displayed.

    Figure 6-2 KYC Evaluation

    Graphs for Customer Summary

    Note:

    For information on actions that can be performed in the Customer Summary page, refer Credit 360 User Guide.
  3. After reviewing the Customer Summary, click Next.
    The Summary page is displayed.

    Figure 6-3 Summary

    Facilities summary details
  4. To transfer the facility to another entity or merge with different facility, click Facility Transfer.

    Figure 6-4 Facility Summary

    Add, Edit and Delete actions for Summary
  5. Click the Add icon.
    The Transfer Facility window is displayed.

    Figure 6-5 Transfer Facility


    Description of Figure 6-5 follows
    Description of "Figure 6-5 Transfer Facility"

    For field level information refer the below table.

    Table 6-1 Transfer Facility

    Fields Description
    From Entity In the Transfer Facility window, Party ID is automatically populated in the From Entity field. You cannot modify the From Entity detail.
    To entity Select the entity to which the facility has to be transferred from the To entity drop-down list.
    From Facility Select the facility from which amount has to be transferred from the From Facility drop-down list. Facilities available under the From entity are displayed in the list.
    To Facility Select the facility to which the amount has to be transferred from the To Facility drop-down list. Facilities available under the selected To entity are displayed in the list.
    On selecting the entity and facilities, the system displays the following information about the from and to facilities:
    • Line Code
    • Facility Amount
    • Available Amount
    • Facility Type
    • Facility Name
    • Start Date
    • Expiry Date
    Transfer Currency Select the Transfer Currency in which the amount has to be transferred.
    Transfer Amount Specify the amount to be transferred in the Transfer Amount field.
    Effective From Click the calendar icon in the Effective From field and select the date on which the transfer should happen.
    Expiry Date Click the calendar icon in the Expiry Date field and select the date on which the transferred amount should expire.
    Create Click Create. Specified amount will be transferred to the target facility and the transfer details will be displayed in the Facility Transfer page.

    To update the facility transfer details, select the required item and click the edit icon. The Transfer Facility window appears.
    Update Modify the required details and click Update.
    Delete To delete the transfer details, select the required item and click the Delete icon.
    Facilities To go back to the Facilities page, click Facilities next toFacility Transfer. Facilities page appears.

    Note: For information on more actions that can be performed in the Facilities page and for Information on viewing and managing Collateral, Covenants and Terms and Conditions, refer Basic Info.

    Entities To view the party details, click the Entities tab in Summary page.
  6. To go to the KYC page, click Next.

    Figure 6-6 KYC

    KYC details such as Enttity and Party Id

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

  7. Click or mouse hover on the hamburger icon in the corresponding record. The following options appears:
    • KYC Details
    • KYC Evaluation (appears only if this feature is enabled in Maintenance module)
  8. To add the KYC Details, click KYC Details option. KYC Details window appears:

    Figure 6-7 KYC Details

    KYC Details such as Verification date and Effective date

    For field level information refer the below table.

    Table 6-2 KYC Details

    Fields Description
    Received switch If KYC report is available for the party or child party, enable the Report Received option.
    Verification Date Click the calendar icon and select the KYC Verification Date.
    Effective Date Click the calendar icon and select the Effective Date on which the KYC verification is approved.
    KYC Method Enter the KYC Method. For example: Field verification is a KYC Method.
    KYC Status Select the KYC Status. The options available are Verified, Yet To Verify, and Verification Failed.
    Create Click Create.

    KYC details are updated in the KYC page as shown below:

    Figure 6-8 KYC

    KYC details such as Enttity and Party Id
  9. To perform KYC evaluation, click the hamburger icon and select KYC Evaluation. Questionnaire maintained for the KYC evaluation appears.

    Figure 6-9 Questionnaire

    Questionnaire analysis

    For infromation on fields Questionnaire screen, refer the below table.

    Table 6-3 Questionnaire

    Fields 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 the 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.

    The KYC page is updated with the Evaluation Score as shown below:

    Figure 6-10 KYC

    KYC details such as Enttity and Party Id
  10. After adding KYC details or performing KYC evaluation for both the party and child parties, click Next.
    The Comments page is displayed.

    Figure 6-11 Comments


    Description of Figure 6-11 follows
    Description of "Figure 6-11 Comments"

    For field level information on Comments screen refer the below table.

    Table 6-4 Comments

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

    Figure 6-12 Policy Exceptions


    Description of Figure 6-12 follows
    Description of "Figure 6-12 Policy Exceptions"

    By default, policy exceptions are displayed for both the party and its child party.

    For field level information on Policy Exception screen refer the below table.

    Table 6-5 Policy Exception

    Fields Description
    Child party To view the policy exception detail specific to party or child party, select the party from the drop down list at top left corner.
    Checklist Click the Checklist data segment.

    Figure 6-13 Checklist


    Description of Figure 6-13 follows
    Description of "Figure 6-13 Checklist"

    For field level information on Checklist screen refer the below table.

    Table 6-6 Checklist

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

    Note:

    For information on Write up data segment, refer Proposal Initiation Chapter.

Parent topic: KYC Check