6 Extension Approval

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

In this stage, the Approver can view requested, proposed and approved expiry dates for the group concentration limit and take necessary actions such as Approve or Reject the extension application.

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

   Figure 6-1 Free Tasks

   
   Description of "Figure 6-1 Free Tasks"
2. Acquire & Edit the required Approval task.

   Figure 6-2 Customer Summary

   
   

   
   Description of "Figure 6-2 Customer Summary"

   
   

   Note:

   For information on the 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.
   The Liability Details page is displayed.

   Figure 6-3 Liability

   
   

   
   Description of "Figure 6-3 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 modify the liability expiry date, click the Hamburger icon in the corresponding record and selectEdit. The Liability Details window is displayed.
   The Liability Details screen displays.

   Figure 6-4 Liability

   
   

   
   Description of "Figure 6-4 Liability"

   
   

   Table 6-1 Liability Details

   Fields	Description
   Sanctioned Amount	Specify the sanctioned amount.
   Headroom Limit	Specify the amount of headroom limit.
   Outstanding Amount	Displays the outstanding amount.
   Liability Expiry Date	Displays the liability expiry date.
   Branch	Displays the branch code.
   Return on Capital	Ratio calculated by dividing the after tax operating income by the average book-value of the invested capital.
   Probability of Default	Estimate of the likelihood that the entity will be unable to meet its debt obligations.
   Loss Given Default	Amount of money a bank or other financial institution loses when a borrower defaults on a loan.
   Cash Cover	Amount deposited by the party in your bank.
   Total Gross Facility	Displays the total gross facility.
   Total Net Facility	Displays the total net facility.
   Next Review Date	Select the next review date when the party's liability needs to be reviewed.
   Facility Extended Expiry Date	Select the facility extended expiry date for the liability based on your party request.

In the Dates section:

Table 6-2 Liability Details - Dates

Fields	Description
Approved Expiry Date	Modify the Approved Expiry Date.
Save	Click Save. The approved liability details are displayed in the Liability Details page.

6. Click Audit.
   The Audit screen displays.

   Figure 6-5 Audit

   
   

   
   Description of "Figure 6-5 Audit"

   
   
7. Click Next in the Liability Details page.
   The Comments page is displayed.

   Figure 6-6 Comments

   
   

   
   Description of "Figure 6-6 Comments"

   
   
8. Type the necessary comments in the text box and click Post. Comments are added below the text box.
9. Click Submit.
   The Policy Exception window is displayed.

   Figure 6-7 Business

   
   

   
   Description of "Figure 6-7 Business"

   
   

   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.

10. Click the Checklist data segment.

    Figure 6-8 Checklist

    
    

    
    Description of "Figure 6-8 Checklist"

    
    
11. Select the required Outcome. The options available are Approve and Reject.
12. Click Submit.

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

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