2.2.25 Terms and Conditions

This topic describes about the procedure to define Terms and conditions.

Terms and conditions functionality for entities like customer, facility and collateral is supported with the following features.

T&C Maintenance

• Common terms and conditions maintenance for all 3 entities.
• Creation, modification, inquiry, and summary features for maintenance.

T&C Linkage

• Support for linking terms and conditions with entities like customer, facility, and collateral.
• One or more conditions can be attached to an entity.
• For facility and collateral, separate sub-system is provided in existing maintenance screen for Terms and conditions.
• For customer, separate function is provided for linking terms and conditions.
• Once a condition is updated as part of tracking, tracking related details are updated in linkage level.

T&C Tracking

• Common tracking screen for conditions of all entities.
• Condition is available for tracking on or after the due date.
• As part of tracking condition status can be updated like met, breached, waived, or deferred.
• New due date can be signified for deferred condition in the linkage screen.
• Deferred condition can be tracked and taken for a logical closure by updating the status like met, breached, or waived.