2.2 Substitution Request

This topic provides information on substitution request. It enables users to initiate and manage the process of replacing existing collateral with new assets.

The Collateral Substitution task is generated and listed in the free tasks queue.
  1. From Homescreen, click Tasks under Tasks, click Free Tasks.
    The Free Tasks screen is displays.

    Figure 2-3 Free Tasks


    Description of Figure 2-3 follows
    Description of "Figure 2-3 Free Tasks"

  2. Click Acquire & Edit.
    The Substitution Request screen is displays.

    Figure 2-4 Substitution Request


    Description of Figure 2-4 follows
    Description of "Figure 2-4 Substitution Request"

    Note:

    The fields marked as Required are mandatory.
    For more information on fields, refer to the field description table.

    Table 2-3 Substitution Request - Field and Description

    Field Description
    Old Collateral Details Displays the old collateral details sections.
    Old Collateral ID Displays the old collateral ID.
    Old Collateral Type Displays the old collateral type.
    Old Collateral Category Displays the old collateral category.
    Old Collateral Currency Displays the old collateral currency.
    Utilized Amount Displays the utilized amount.
    Old Collateral Description Displays the old collateral description.
    New Collateral Details Displays the new collateral details sections.
    External Reference ID Specify the external reference ID.
    New Collateral Type Select the new collateral type from the drop-down list. The available options are:
    • Account Receivables
    • Account Contracts
    • Aircraft
    • Bill Of Exchange
    • Bond
    • Cash Collaterals
    • Commercial Paper
    • Commodity
    • Corporate Deposits
    • Crop
    • Fund
    • Guarantee
    • Insurance
    • Inventory
    • Machine
    • Miscellaneous
    • Other Bank Deposits
    • PDC
    • Perishable
    • Precious Metals
    • Promissory Note
    • Property
    • Ship
    • Vehicle
    New Collateral Category Select the new collateral category from the drop-down list.
    Collateral Purpose Select the collateral purpose from the drop-down list. The available options are:
    • New Facility
    • Enhancement of Limit
    • Replacement of Collateral
    • Augmentation of Collateral
    New Collateral Currency Click search icon to select the new collateral currency.
    Agreed Collateral Value Specify the agreed collateral value in selected currency.
    New Collateral Description Specify a brief description about the new collateral.
    Reason for Substitution Specify the reason for substitution.
  3. Click Next.

Parent topic: Collateral Substitution Request