7 Amendment Approval

This topic provides systematic instructions about the Amendment Approval stage in the Group Concentration Limit Amendment Process.

In this stage, the Approver can view the proposed liability details and take necessary actions such as Approve, Reject or Send Back the amendment application.
  1. From Home screen, click Tasks. Under Tasks, click Free Tasks.
    The Free Tasks page is displayed.

    Figure 7-1 Free Tasks


    Description of Figure 7-1 follows
    Description of "Figure 7-1 Free Tasks"

  2. Acquire & Edit the required Approval task.

    Figure 7-2 Customer Summary

    Customer Summary details such as Customer Summary and Facility Summary

    Note:

    For information on actions that can be performed in the Customer Summary page, refer Credit 360 User Manual.
  3. View the Customer Summary and click Next.
    The Liability Details page is displayed.

    Figure 7-3 Liability


    Description of Figure 7-3 follows
    Description of "Figure 7-3 Liability"

  4. To filter the required liability, click the Filter icon and specify the filter parameters or directly type the liability detail in Type to filter text box.
  5. To approve a liability amendment, click the Hamburger icon in the corresponding record and select Edit. The Liability Details window is displayed.
    The Approve Facility window is displayed.

    Figure 7-4 Liability Details

    Liability Details such as Currency and Amount
    For more information on fields, refer to the field description table below.

    Table 7-1 Liability Details

    Fields Description
    Sanctioned Amount Specify the sanctioned amount.
    Headroom Limit Displays the headroom limit.
    Outstanding Amount Specify the outstanding amount.
    Liability Expiry Date Specify the expiry date.
    Branch Specify the branch code.
    Save Click Save. The Liability Details page is updated with the modified details.

    Note:

    For more information of fields, refer Field Configuration Parameters

In the Proposed and Approved section:

  1. Search and select the Approval Liability Currency and specify the following in selected currency:
    • Approval Liability Amount
    • Approved Funded Sell Down
    • Approved Unfunded Sell Down
  2. Click the calendar icon and select the Approved Expiry Date. The liability will be expired on the Approved Expiry Date.
  3. Click Audit.
    The Audit screen displays.

    Figure 7-5 Audit


    Description of Figure 7-5 follows
    Description of "Figure 7-5 Audit"

  4. Click Save. The approved liability details are displayed in the Liability Details page.
  5. Click Next in the Liability Details page. The Comments page is displayed.

    Figure 7-6 Comments

    Overall Comments for Amendment Approval
  6. Type the necessary comments in the text box and click Post. Comments are added below the text box.
  7. Click Submit. The Policy Exception window is displayed.
    By default, policy exceptions are displayed for both the party and child parties. To view the policy exceptions for particular party / child party, select the required party / child party from the drop down list at top left corner.
  8. Click the Checklist data segment.
  9. Select the required Outcome. The options available are Approve, Send Back, and Reject.
  10. Click Submit.

    If the Outcome is selected as Approve, the amendment application will be moved to the ‘Documentation’ stage on clicking Submit.

    If the Outcome is selected as Send Back, the amendment application will be sent back to the Review and Recommendation stage on clicking Submit.

    If the Outcome is selected as Reject, the amendment application will be rejected on clicking Submit.