2.16 Covenant Tracking Summary

This topic describes about the procedure to maintain customer to liability link

The Covenant Tracking Summary GESCVTRK is a common screen for tracking all the covenants linked to Facilities, Collaterals, and Customers. You can query a covenant record and open the detailed screen GEDCVTRK for covenant tracking.

1. On the Home screen, specify GEDUDFNS in the text box and click the icon.
   The Covenant Tracking Summary screen displays.

   Figure 2-45 Covenant Tracking Summary

   
   

   
   Description of "Figure 2-45 Covenant Tracking Summary"

   
   

   For more information on fields, refer to the field description table.

   Table 2-43 Covenant Tracking Summary - Field Description

   Field	Description
   Authorization Status	Select the authorization status of the record. The options are: Authorized Rejected Unauthorized
   Record Status	Select the status of the record. The options are: Open Closed
   Liability No	Click the icon and select the liability number from the list.
   Entity Type	Select the entity type from the list.
   Entity ID	Click the icon and select the entity ID from the list.
   Customer Name	Click the icon and select the customer name from the list.
   Covenant Reference Number	Click the icon and select the covenant reference number from the list.
   Review Date	Specify the review date.
   Compliance Status	Select the compliance status from the drop-down list.
   Covenant Status	Select the covenant status from the drop-down list.

2. Click the required queried record.
   The Covenant Tracking Details screen displays.

   Figure 2-46 Covenant Tracking Details

   
   

   
   Description of "Figure 2-46 Covenant Tracking Details"

   
   

   For more information on fields, refer to the field description table.

   Table 2-44 Covenant Tracking Summary - Field Description

   Field	Description
   Entity ID	Indicates the entity ID to which covenant is linked.
   Entity Type	Indicates the entity (Customer/Collateral/Facility) to which the covenant is linked.
   Liability Number	Indicates the liability number to which the covenant associated with customer/collateral/ facility is linked.
   Covenant Name	Indicates the covenant name.
   Covenant Reference Number	Indicates the covenant reference number for the customer/collateral/facility being maintained.
   Grace days	Indicates the grace period beyond review date available for compliance of customer/ collateral/facility covenants.
   Notice Date	Indicates the date on which covenants can be tracked for compliance before Review date.
   Revision Date	Indicates the date on which compliance has to be signified.
   Compliance Status	Select the compliance status as Complied or Breached. Covenant compliance status can be marked as complied in case the monitoring information is submitted and/or the target value is met. In case the monitoring information is not submitted and/or the target value is not met, the covenant compliance status can be marked as breached. The compliance status can be marked until the Revision Date and Grace Days configured. The system updates the compliance status as breached after the grace days, if compliance status is not updated manually. User can also manually signify the compliance status for a particular covenant as breached if monitoring information is not submitted and/or the target value is not met. Note: Records once updated as complied cannot be changed to breached. Records marked as breached for any frequency tracking can be updated as complied.
   Covenant status	Select the Covenant Status from the drop down list. The options available are: Active - By default, the system displays the covenant status as active. Terminated - Covenants can be stopped from further tracking before or after the next frequency tracking task, by updating the status as Terminated. Status can be updated as Terminated irrespective of last frequency compliance status (Complied / Breached). If Terminated has to be signified after next frequency tracking task triggered on notice date, first the Compliance Status should be updated. waived - Covenants can be stopped from further tracking before or after the next frequency tracking task, by updating the status as Terminated. Status can be updated as Terminated irrespective of last frequency compliance status (Complied / Breached). If Terminated has to be signified after next frequency tracking task triggered on notice date, first the Compliance Status should be updated.
   Waived Till Date	In case the status is Waived, then user need to specify this date. The covenants falling during this period are automatically tracked by the system. After the Waived Till Date, usual covenant tracking functionality is applicable.