4 Await for Release Confirmation

This topic provides information about the Await for Release Confirmation stage in the Collateral Release process.

Once the collateral release request is captured and the application is sent to Await for Release Confirmation stage, the Credit Reviewer must check the status of underlying contracts or loans and utilization of the collateral. If the underlying contracts or loans are fully liquidated, the action to be taken post release of the collateral must be captured and the application must be submitted to the next stage.