3.2 Covenant Linkage Modification

Covenants functionality is now enhanced to support modification of the existing covenant linkage attributes.

• The modification is applicable at all covenant linkage levels – Facility, Collateral and Customer.
• Below set of attributes are now allowed for modification, post linkage and during covenant lifecycle.
  • Frequency - change the frequency during the covenant period.
  • Notice Days - change a covenant's Notice days during the covenant period.
  • Grace Days - change a covenant's Grace days during the covenant period.
  • End Date – modify the covenant’s end date.
  • Covenant Target Condition – modify the covenant’s existing target condition value during the covenant period.
  • Covenant Target Value – modify the covenant’s existing target value based on target condition.
• System considers modification impact on current/next instance considering tracking.