4.2 Legal Evaluation

This topic provides systematic instructions about the Legal Evaluation data segment in Proposal Initiation stage.

To perform legal evaluation for the proposal, perform the following steps:

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

    Figure 4-16 Free Tasks

    Description of Figure 4-16 follows
    Description of "Figure 4-16 Free Tasks"
  2. Select the required application with credit origination as process name and click Edit.
    The Legal Evaluation - Summary page is displayed.

    Figure 4-17 Legal Evaluation - Summary

    Description of Figure 4-17 follows
    Description of "Figure 4-17 Legal Evaluation - Summary"
  3. To view the sector and industry information, click the industry icon in customer information section.
    The Industry Details window is displayed.

    Figure 4-18 Industry Details

    Description of Figure 4-18 follows
    Description of "Figure 4-18 Industry Details"
  4. Click Close to exit the Industry Details window.
  5. To view the overview of the organization, click the entity overview icon in Customer Information section.
    The Entity Overview window is displayed.

    Figure 4-19 Entity Overview

    Description of Figure 4-19 follows
    Description of "Figure 4-19 Entity Overview"
  6. To change the layout of the entity overview, click the configuration icon at the top right corner.
    The Layout window is displayed.

    Figure 4-20 Layout

    Description of Figure 4-20 follows
    Description of "Figure 4-20 Layout"
  7. Select the required layout. Entity Overview is changed to the selected layout as shown below.
  8. To exit the Entity Overview window, click Close.

    In Customer Information section, the count of Share Holders, Contractors, Guarantors, and Bankers is displayed.

  9. To view the detailed information about the Share Holders, Contractors, Guarantors, and Bankers, click the respective count numbers.
  10. To change the layout of Facility Summary, Collateral Summary, Existing Facilities, 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.

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

    Figure 4-22 Legal Evaluation

    Description of Figure 4-22 follows
    Description of "Figure 4-22 Legal Evaluation"

    In Legal Evaluation page, the banker can perform legal evaluation for both the organization and the connected parties by answering simple questions related to the evaluation:

  14. To initiate the evaluation, click Start.
    The Questionnaire window is displayed.

    Figure 4-23 Questionnaire

    Description of Figure 4-23 follows
    Description of "Figure 4-23 Questionnaire"
  15. Select answers for the available questions and click Next Category.
  16. Right arrow icon appears in case of multiple questions, click the right arrow and answer all the questions in all the category.
    A score is generated and displayed for the sector based on each answer provided.
  17. Click Save.

    After performing the legal analysis for both the organization and its connected parties, the Legal Evaluation page with a cumulative score appears:

    Figure 4-24 Legal Evaluation

    Description of Figure 4-24 follows
    Description of "Figure 4-24 Legal Evaluation"
  18. Click Next.
    The Comments page is displayed.

    Figure 4-25 Comments

    Description of Figure 4-25 follows
    Description of "Figure 4-25 Comments"
  19. Type the overall Comments for the legal evaluation and click Post. Comment is posted below the Comments box.
  20. Click Submit.
    The Policy Exceptions window is displayed.

    Figure 4-26 Policy Exceptions


    Description of Figure 4-26 follows
    Description of "Figure 4-26 Policy Exceptions"

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

  21. To view the policy exception detail specific to party or child party, select the party from the drop down list at top left corner.
  22. Click the Checklist data segment.
  23. Select the Outcome as PROCEED, if additional information is not required. Otherwise select the Outcome as Additional Info.
  24. Click Submit.

    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.

Parent topic: Proposal Evaluation