3.4.5 Configuring Collateral

Configuring Collateral
  1. To add collateral related policy, click Collateral from the left menu and then click + icon. Collateral Details window is displayed.

    Figure 3-50 Collateral Details


    Description of Figure 3-50 follows
    Description of "Figure 3-50 Collateral Details"

    Figure 3-51 Collateral Details


    Description of Figure 3-51 follows
    Description of "Figure 3-51 Collateral Details"

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

    Table 3-19 Collateral Details

    Fields/ Icons Description
    Collateral Type Select Collateral Type from the drop-down list. The options available are:
    • Machine
    • Deposits
    • Bond
    • Stock
    • Fund
    • Vehicle
    • Guarantee
    • Property
    • Aircraft
    • Insurance
    • Precious Metals
    • Ship
    • Account Receivables
    • Cash Collaterals
    • Inventory
    • Accounts Contracts
    • Crop
    • Commercial Paper
    • Perishable
    • Commodity
    • PDC
    • Bill Of Exchange
    • Promissory Note
    • Miscellaneous
    • Corporate Deposits
    • Livestock
    • Intangible Assets
    • Agreements Undertaking
    Minimum frequency for valuation (yrs) Specify the frequency for evaluating the collateral in Minimum frequency for valuation (yrs) field.
  2. Add Covenant, Terms & Conditions, and Documents details for the collateral.

    Refer Configuring Covenants, Configuring Terms & Conditions, and Configuring Documents, for information on adding Covenants, Terms & Conditions, and Documents.

  3. Click Add in Collateral Details window.

    The added details are displayed in the Policy Definition window:

    Figure 3-52 Collateral Details


    Description of Figure 3-52 follows
    Description of "Figure 3-52 Collateral Details"

    Default and Validation

    The following fields will get defaulted from Policy Definition to the OBCFPM processes which are linked to policy definition and policy validation.
    • Minimum frequency of validation will get defaulted
    • Covenants (under Covenants - is Waviable?, Target Condition, and Target Value will get defaulted)
    • T & C will get defaulted
    • Document will get defaulted
    The following fields will get validated against policy definition and the compliance will be reported in Policy Exception.
    • Type will get validated
    • Minimum frequency of validation will get validated
    • Covenants (under Covenants - is Waviable?, Target Condition, and Target Value will get validated)
    • T & C will get validated
    • Document will get validated

Parent topic: Policy Definition