5 Data Enrichment

This topic describes about the Data Enrichment stage in the Collateral Perfection process.

The Data Enrichment stage allows you to capture additional details of the Customer and the collateral to enrich Collateral Perfection application. The details that can be enriched in this stage are:

• Basic Info with additional Collateral Details
• Collateral Ownership details
• Collateral Type details
  • Property
  • Vehicle
  • Ship
  • Aircraft
  • Insurance
  • Deposits
  • Precious Metals
  • Guarantee
  • Machine
  • Stocks
  • Bonds
  • Funds
• Seniority of Charge details of the collateral
• Comments

• Basic Info
  This topic provides systematic instructions about the procedure to enrich basic information captured in the Initiation stage.
• Collateral Ownership
  This topic provides systematic instructions about the procedure to add collateral ownership details in Data Enrichment stage.
• Seniority of Charge
  This topic provides systematic instructions about the procedure to add details about bank's seniority of charge on the collateral.
• Comments
  This topic provides systematic instructions about the procedure to add comments for the Data Enrichment Stage.