2.2.22 Tracking Facility Covenant Details

This topic describes about the procedure to track covenants linked to facility.

The system allows to track the covenants captured as part of facilities maintenance using the Facility Covenant Tracking Details screen GEDCOVTR which is specific to facility as well as a common Covenant Tracking Details screen GEDCVTRK.

1. On the Home screen, specify GESCOVTR in the text box and click the icon.
   The Facility Covenant Tracking Summary screen id displayed.
2. Click on the queried record on Facility Covenant Tracking Summary screen.
   The Facility Covenant Tracking Details screen is displayed.

   Note:

   • It is recommended to use the common Covenant Tracking Details screen (GEDCVTRK) for all covenant tracking purposes.
   • For information on common Covenant Tracking Details screen, refer OBELCM Common User Guide.

   User can invoke the Facility Covenant Tracking Details screen by typing GESCOVTR (Facility Covenant Tracking Summary) and on clicking the queried record GEDCOVTR (Facility Covenant Tracking Details) is opened with the details of the covenant.

   Figure 2-26 Covenant Tracking Details

   
   

   
   Description of "Figure 2-26 Covenant Tracking Details"

   
   
3. On Facility Covenant Tracking Detailsscreen, specify the details.
   For more information on fields, refer to the field description table.

   Table 2-47 Covenant Tracking Details - Field Description

   Fields	Description
   Entity ID	Click the icon and select the entity ID from the list.
   Liability No	Displays the liability number for which the facility is linked.
   Covenant Name	Displays the covenant name.
   Covenant Reference Number	Displays the covenant reference number for the facility being maintained.
   Grace Days	Displays the grace days for the next due/revision date allowed for facility covenant.
   Notice Date	Displays the date on which covenants can be tracked for compliance before revision date in advance based on notice days configured.
   Review Date	Displays the date on which covenant has to be revisited for review. Revision date is arrived by the system for a particular facility covenant based on start date + (combination of frequency & due date & start month) at the time of saving.
   Compliance Status	Select any of the following covenant status. The available options are: Complied If the status of the covenant is not compiled on or before revision date, then the status is updated as breached by running the scheduler ELCMCOVNTSTAT immediately after the end of revision date If the covenant has the grace days configured, compliance can be marked till the grace period end date. The status gets updated as breached only after grace period end date if compliance is not marked after running the scheduler ELCMCOVNTSTAT Compliance on the breached covenant can be marked after which the covenant for next frequency is enabled with the next revision date duly considering the original revision date + frequency Once compliance is marked for a particular frequency, record for the next frequency with blank status is available in DB and accordingly revision date get updated in collateral/facility Deferred Covenants can be deferred for a defined period during which time covenants are not available for tracking. When covenants are breached, it cannot be deferred. Deferment can be done before the covenant becomes breached. Terminated Covenants can be stopped from further tracking by updating the status as 'Terminated'. Only covenants which are either complied or deferred status can be terminated. Breached covenants cannot be terminated. Breached Covenants which are not complied within next revision date is marked as breached by running the scheduler ELCMCOVNTSTAT immediately after the end of revision date When covenants pertaining to multiple frequency are breached, all of them are available for tracking
   Defer Till Date	In case the status is Deferred, then user need to specify this date. User need to specify the date so that covenants falling during this period are not tracked. After end of deferment date, covenants are applicable and available for tracking.

4. Click Save to save the record.

• Including Netting Amount in Facility’s Netting Contribution
  This topic describes about the detailed information on including netting amount in facility's netting contribution.