13 Collateral Approval

This topic describes information about the Collateral Approval stage in Collateral Perfection process.

In this stage, the Credit Approver in bank reviews the collateral details along with the Legal Opinion, Risk Evaluation and Valuation details from the corresponding department and recommendation from the Collateral Review stage, and then approves/rejects the Collateral.

The following data segments are available in the Collateral Approval stage:

• Collateral Summary
• Collateral Approval
• Covenant Details
• Comments

• Collateral Summary
  This topic provides systematic instructions about the Collateral Summary data segment in Collateral Approval stage.
• Collateral Approval
  This topi provides systematic instructions about the Collateral Approval data segment in the Collateral Approval stage.
• Covenant Details
  This topic provides systematic instructions about the procedure to add and manage covenants for the collateral.
• Comments
  This topic provides systematic instructions about the Comments data segment in the Collateral Approval stage.