5 Customer KYC

This topic provides systematic instructions about the Customer KYC stage of the Simplified Credit Proposal Evaluation Restructuring Process.

This is an optional stage applicable only if Is KYC Required check box is selected in restructuring initiation stage. If the KYC details are available for the organization, the banker can add the KYC details to the credit proposal. Adding KYC details helps to determine the originality of the organization.

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

    Figure 5-1 Free Tasks

    Description of Figure 5-1 follows
    Description of "Figure 5-1 Free Tasks"
  2. Select the required application and click Edit.
    The Credit page summarizing the proposal is displayed.

    Figure 5-2 Kyc Evaluation - Summary

    Description of Figure 5-2 follows
    Description of "Figure 5-2 Kyc Evaluation - Summary"
  3. To view the sector and industry information, click the industry icon in customer information section.
    The Industry Details screen is displayed.

    Figure 5-3 Industry Details

    Description of Figure 5-3 follows
    Description of "Figure 5-3 Industry Details"

    Click Close to exit the Industry Details window.

  4. To view the overview of the organization, click the entity overview icon in Customer Information section.
    The Entity Overview screen is displayed.

    Figure 5-4 Entity Overview

    Description of Figure 5-4 follows
    Description of "Figure 5-4 Entity Overview"
  5. To change the layout of the entity overview, click the configuration icon at the top right corner.
    The Layout screen is displayed.

    Figure 5-5 Layout

    Description of Figure 5-5 follows
    Description of "Figure 5-5 Layout"
  6. Select the required layout. Entity Overview is changed to the selected layout as shown below.

    Figure 5-6 Entity Overview

    Description of Figure 5-6 follows
    Description of "Figure 5-6 Entity Overview"

    For field level information on Entity Overview screen refer the below table.

    Table 5-1 Entity Overview

    Fields Description
    Close To exit the Entity Overview window, click Close.

    In Customer Information section, the count of Share Holders, Contractors, Guarantors, and Bankers is displayed.
    count numbers To view the detailed information about the Share Holders, Contractors, Guarantors, and Bankers, click the respective count numbers.
    layout icon To change the layout of the Facility Summary, Collateral Summary, Existing Facilities held with Other Bank, Pricing, Covenants, and Terms & Conditions in Summary page, click the layout icon and select the required layout.

    By default, Financial Profile of the organization and financial Projections for the organization are listed for 3 years.

    Financial Profile To view the Financial Profile and Projections for five years, select Previous 5 years option from the Show results for drop down list.
    Projection To view detailed information about the Financial Profile and Projection, click View all in the respective sections.
  7. After reviewing the Summary, click Next.
    The KYC screen is displayed.

    Figure 5-7 KYC

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

    In the KYC page, provision to add KYC details for the organization and all its connected parties is provided.

  8. Click or mouse hover on the hamburger icon in the required list item (organization or its connected parties). The following options appears:
    • KYC Details
    • KYC Evaluation (appears only if this feature is enabled in Maintenance module)
  9. To add the KYC Details, click KYC Details option.
    The KYC Details screen is displayed.

    Figure 5-8 KYC Details

    Description of Figure 5-8 follows
    Description of "Figure 5-8 KYC Details"

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

    Table 5-2 KYC details

    Fields Description
    Report Received If KYC report is available for the organization, 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 Type 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.
  10. Click Create. KYC details are updated in the KYC page as shown below.

    Figure 5-9 KYC Status

    Description of Figure 5-9 follows
    Description of "Figure 5-9 KYC Status"

    For field level information on KYC Status screen refer the below table.

    Table 5-3 KYC Status

    Fields Description
    KYC Evaluation. To perform KYC evaluation, click the hamburger icon and select KYC Evaluation.Questionnaire maintained for the KYC evaluation is displayed.
    Submit Select answer for all the questions and click Save.
  11. After adding KYC details or performing KYC evaluation for the organization and all its connected parties, click Next.
    The Comments screen is displayed.

    Figure 5-10 Comments

    Description of Figure 5-10 follows
    Description of "Figure 5-10 Comments"

    Post comments, if required. Posted comment is displayed below the Comments box.

  12. Click Submit.
    The Policy exceptions screen is displayed.

    Figure 5-11 Policy exceptions

    Description of Figure 5-11 follows
    Description of "Figure 5-11 Policy exceptions"

    By default, policy exceptions are displayed for both the organization (party) and its child party.

    To view the policy exception detail specific to party or child party, select the party from the drop down list at top left corner.

  13. Click the Checklist data segment.

    Figure 5-12 Checklist

    Description of Figure 5-12 follows
    Description of "Figure 5-12 Checklist"

    For field level information on Checklist screen refer the below table.

    Table 5-4 Checklist

    Fields Description
    Outcome Select the Outcome as PROCEED, if additional information is not required. Otherwise select the Outcome as Additional Info.
    Submit Click Submit. The draft proposal is sent to the mentioned Email ID.

    Note:

    Write Up data segment appears, if the data segment is enabled in the Maintenance module. Refer Appendix A for information on the Write Up data segment.