7 Final Check

In this stage, a senior member of the documentation team goes through the credit proposal, the facilities and the collateral, and verifies the corresponding documents submitted by the customer to make sure that the documents are in order for Limit activation.

The following table provides a high level overview about the Final Check stage in PSN process.

Table 7-1 Final Check Information and Activities

Information available for user Activities that can be performed by user
  • Latest approved Credit Proposal (Gold copy)
  • Customer summary
    • Liabilities approved
    • Facilities approved
    • Collateral Offered
    • Covenants stipulated
    • T&C stipulated
    • Financials
    • Demographic details
  • Facility marked for release
  • Collateral value updated as Held
  • Comments from previous stage
  • Verify all the document/agreements uploaded are complete in nature for the final time
  • Review and edit the facility marked for release if necessary
  • Review and edit the collateral updated as held if necessary
  • Update comments
  • Submit the application for Limit activation
  • Send the application back for more information
  • Upload more documents if needed

Refer Docket Generation chapter for information on fields in this stage. The Outcomes available for selection in this stage are:

  • Proceed
  • Additional Info
  • Send to Document Officer Review

If Outcome is selected as Proceed, the PSN application is moved to the Limit Activation stage.

If Outcome is selected as Additional Info, the PSN application is moved to the Legal Check stage on clicking Submit.

If Outcome is selected as Send to Document Officer Review, the PSN application is moved to the Document Officer Review stage on clicking Submit.

  • Summary
  • Write Up
  • Limit Configuration
    This topic provides systematic instructions about limit configuration.
  • Comments
    This topic provides systematic instructions about the Comments data segment in the Final Check stage.