2.11.8 Valuation Details

This topic provides information on Maintaining Valuation Details.

Note:

The fields, which are marked with an asterisk, are mandatory.

1. On Collaterals Maintenance screen, click the Valuation Details tab.
   The Valuation Details screen is displayed.

   Figure 2-30 Valuation Details

   
   

   
   Description of "Figure 2-30 Valuation Details"

   
   

   Figure 2-31 Valuation Details screen

   
   

   
   Description of "Figure 2-31 Valuation Details screen"

   
   

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

   Table 2-32 Valuation Details - Field Description

   Field	Description
   Agency Code	Click the icon and select the valuation agency code. The codes maintained in GCDVALDT screen are displayed in the drop-down list.
   Agency Name	Displays the agency name based on the selected agency code.
   Valuation Type	Displays the valuation type maintained for the agency code.
   Valuation Date	Specify the valuation date. The date cannot be before the last captured valuation date in case of modifying existing valuation record.
   Valuation Currency	Click the icon and select the currency in which the collateral is valuated.
   Valuation Amount	Specify the collateral Valuation Amount.
   Valuation Frequency	Select the frequency from the drop down list. The options available are: Monthly Quarterly Half Yearly Yearly
   Valuer Remarks	Specify the remarks by valuation agent.
   Estimated Age of Asset	Specify the age of asset estimated by valuation agency in years.
   Estimated Life Span of Asset	Specify the validity of asset estimated by valuation agency in years.
   Reference Number	The reference number is used to link a particular sub-system record to a particular child entity. Once the child collaterals are added, values entered in unique field considered for each of the collateral type are populated under reference number field of sub-system. You can select the reference number of any child collateral to link it to the sub-system record. Example: If two child collaterals of type vehicle are added with VIN number as VIN1234 and VIN2345 respectively, then these VIN numbers are available under reference number column in the sub-system. You can signify the linkage between the sub-system (for example, Insurance) records and the corresponding child collaterals by selecting the reference number as VIN1234 for one record and as VIN2345 for the other record. In case you need to add a particular sub-system record at main collateral level, select ALL as the Reference number. For information on unique fields based on which the Reference Number field values are populated, refer Table 2-23.
   Remarks	Specify the remarks by credit team.
   Valuation Details History	If the valuation details are modified for a Agency Code and Valuation Type combination, the last valuation details available for that combination before modification will be moved to this section on saving the collateral record. The system will consider only the change in valuation date for moving the valuation record to history. Thus, if valuation date is not changed and other valuation details are changed, the valuation record will get updated but the record will not be moved to history on saving the collateral details.

2. Click Save to save the record.