3.2 KYC Check

This topic provides systematic instrucions about the KYC Check of the Group Concentration Limit Proposal.

This is an optional stage. If the KYC details are available for the group entity, you can add the KYC details to the GC Limit Origination application. Adding KYC details helps to determine the originality of the group entity.

  1. From Home screen, click Tasks. Under Tasks, click Free Tasks.
    The Free Task screen displays.

    Figure 3-47 Free Task

  2. Click Acquire & Edit the required KYC task.
    The KYC Evaluation Summary screen is displayed.

    Figure 3-48 KYC Summary


    Description of Figure 3-48 follows
    Description of "Figure 3-48 KYC Summary"

    For information on fields in the KYC Summary screen, refer the below table.

    Table 3-23 KYC Summary

    Fields Description
    Filter To filter a required liability, click the Filter icon in the Liability Summary widget and specify the filter parameters, or directly type the filter parameter in Type to filter text box.
    party Id To view more details about the liability, click the party Id in the Liability Summary widget.
    List View, Table View, and Tree View To change the layout of Liability Summary widget, use the List View, Table View, and Tree View icons.

    Note: For information on more actions that can be performed in the Summary page, refer Credit 360 User Manual.

  3. After reviewing the Summary, click Next.
    The KYC page is displayed.

    Figure 3-49 KYC page


    Description of Figure 3-49 follows
    Description of "Figure 3-49 KYC page"

    In the KYC page, provision to add KYC details for all the parties in the hierarchy is provided.

  4. Click or mouse hover on the hamburger icon in the required list item (party). The following options displayed.
    • KYC Details
    • KYC Evaluation (appears only if this feature is enabled in Maintenance module)
  5. To add the KYC Details, click KYC Details option. The KYC Details window is displayed.

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

    Table 3-24 KYC Details

    Fields Description
    Report Received If KYC report is available for the party, enable the Report Received switch.
    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 Specify 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.
  6. Click Create. KYC details are updated in the KYC page as shown below.
  7. To perform KYC evaluation, click the hamburger icon and select KYC Evaluation. Questionnaire maintained for the KYC evaluation is displayed.
  8. Select answers for the available questions and click Next Category.
  9. 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.
  10. Click Save. The KYC page is updated with the Evaluation Score as shown below.
  11. After adding KYC details or performing KYC evaluation for the parties in the hierarchy, click Next. The Comments page is displayed.
  12. Post comments, if required. Posted comment is displayed below the Comments box.
  13. Click Submit. The Policy Exception Summary / Business window appears based on Business Process Maintenance.
    The Policy Exception Summary screen displays.

    Figure 3-55 Policy Exception Summary

    Description of Figure 3-55 follows
    Description of "Figure 3-55 Policy Exception Summary"
    By default, policy exceptions are displayed for both the organization (party) and its child party.
  14. To view the policy exception detail specific to party or child party, select the party from the drop down list at top left corner.
  15. Click the Total count on each tile to view detailed information and initiate policy exception process.
  16. To Submit the application, click the Checklist data segment.
    The Checklist screen displays.

    Figure 3-56 Checklist

    Description of Figure 3-56 follows
    Description of "Figure 3-56 Checklist"
  17. Select the Outcome as PROCEED, if additional information is not required. Otherwise select the Outcome as Additional Info.
  18. Click Submit.

Parent topic: Group Concentration Limit Enrichment