5 Extension Review and Recommendation

This topic provides systematic instructions about the Review and Recommendation stage in the Group Concentration Extension Process.

In this stage, the user can review the requested and proposed expiry dates and specify the approved expiry date for the liability based on customer request, product feature or due to lack of information to complete the group concentration (GC) review.

Note:

In this chapter, only the steps to review and recommend are provided. For more field level explanation, refer the Initiation chapter.
  1. From Home screen, click Tasks. Under Tasks, click Free Tasks.
    The Free Tasks screen is displayed.

    Figure 5-1 Free Tasks


    Description of Figure 5-1 follows
    Description of "Figure 5-1 Free Tasks"

  2. Acquire & edit the required Review and Recommendation task.
    The Review and Recommendation - Summary page is displayed.

    Figure 5-2 Customer Summary


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    Description of "Figure 5-2 Customer Summary"

  3. View the Customer Summary and click Next.
    The Liability Details page is displayed.

    Figure 5-3 Liability


    Description of Figure 5-3 follows
    Description of "Figure 5-3 Liability"

  4. To review and recommend the expiry date, click the Hamburger icon in the corresponding record and select Edit.
    The Liability Details screen displays.

    Figure 5-4 Liability


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    Description of "Figure 5-4 Liability"

    Table 5-1 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.
  5. Click Audit.
    The Audit screen displays.

    Figure 5-5 Audit


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    Description of "Figure 5-5 Audit"

  6. To go to the next page, click Next.
    The Comments page is displayed.

    Figure 5-6 Comments


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    Description of "Figure 5-6 Comments"

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

    Figure 5-7 Business


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    Description of "Figure 5-7 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.

  9. Click the Checklist data segment.
  10. Select the required Outcome. The options available are Proceed and Send Back and Reject.
    If the Outcome is selected as Proceed, the extension application is moved to the Approval stage.

    If the Outcome is selected as Send Back, the extension application is moved back to the Enrichment stage. The user who enriched the Group Concentration Extension application must modify the necessary detail and re-submit the application to Review and Recommendation stage.

    If the Outcome is selected as Reject, the extension application is rejected.