8 Proposal Approval

This topic provides systematic instructions about the Proposal Approval stage of the Simplified Credit Proposal Evaluation Process.

In this stage, the higher officials such as the head of credit department in the bank can review and approve the proposal, if the proposal meets the approval criteria set by the bank.

For field level explanation on the Proposal Approval stage, refer Proposal Structuring chapter.

The Outcomes available for this stage are Approve, Send Back, and Reject.

If the Outcome is selected as Approve, the proposal will be sent to the draft generation stage on clicking Submit.

If the Outcome is selected as ‘Send Back’, the proposal will be sent back to the Review stage on clicking Submit.

If the Outcome is selected as ‘Reject’, the proposal will be rejected on clicking Submit.

To approve the facility, perform the following steps:

1. In the Approval data segment, mouse hover on the Liability Details section and click the edit icon.
   The Liability Details window is displayed.

   Figure 8-1 Liability Details

   
   Description of "Figure 8-1 Liability Details"
2. Click the search icon in the Approval Liability Currency field and select the currency in which the liability has to be created.

   Note:

   Approved Liability Currency and Requested Liability Currency can be different.

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

   Table 8-1 Liability Details

   Fields	Description
   Approval Liability Amount.	Specify the Approval Liability Amount.
   Approved Expiry Date	Click the calendar icon and select the Approved Expiry Date for liability.
   Save	Click Save. The approval details are saved.

3. In the Approval page, click the hamburger icon in the required facility and select Edit.
   The Facility Details window is displayed.

   Figure 8-2 Facility Details

   
   Description of "Figure 8-2 Facility Details"

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

   Table 8-2 Facility Details

   Fields	Description
   Approved Amount	Specify the Approved Amount and click Save.
   Close	Click Close to exit the Facility Details window.
   Next	In the Approval page, click Next to go to the Comments page.
   Post	Post comments, if required.
   Submit	Click Submit. The Policy Exception window appears.
   Checklist	Click the Checklist data segment and select the Outcome as Approve.
   Submit	Click Submit.