2.12.12 Corporate Deposits

This topic provides the information on this Corporate Deposits.

1. On the Home screen, specify GCDCOLCD in the text box and click the icon.
2. On Corporate Deposits screen , click the Corporate Deposits Details tab.
   The Corporate Deposits details screen is displayed.

   Figure 2-73 Corporate Deposits details

   
   

   
   Description of "Figure 2-73 Corporate Deposits details"

   
   

   Using this screen, you can create customer collaterals of corporate deposits considering various attributes. Multiple corporate deposits can be linked to same collateral. Collateral value is calculated based on value of one or more corporate deposits linked to the collateral.

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

   Table 2-77 Corporate Deposit Details - Field Description

   Field	Description
   Issuer Name	Issuer code/name is to be fetched from GCDISSUR. Only those issuers which have been created for type – corporate deposit should be available.
   Issuer Contact Details	Issuer contact details for the issuer name selected is fetched.
   Issuer contact address	Issuer contact address can be captured.
   Corporate Deposits Category	Select the category from the drop-down list. The available options are: Sovereigns Banks Corporates
   Rating Agency and Rating	These details are fetched from the Credit Rating Agency Maintenance screen.
   Deposit Reference	Specify the deposit reference number which is unique across records of the collateral.
   Date of Deposit	Specify the date of deposit. Future date is not allowed.
   Interest Rate	Specify the interest rate of deposit.
   Period (in Days)	Based on issue date and maturity date, period (in days) is calculated.
   Maturity Date	When multiple corporate deposit have different maturity dates, the last date of these maturity dates is updated as collateral end date. On the maturity date of the last date record, collateral value is updated as zero. However, when a particular corporate deposit record linked to a collateral matures first, then the collateral value is reduced to this extent. Maturity date cannot be back dated or current date. Maturity date cannot be back dated or current date.
   Deposit Amount	Deposit amount is updated as collateral value. After collateral creation, you cannot modify the Deposit Amount. In order to modify the collateral value, you must add another record.
   Interest Payment	Select the interest payment from the drop-down list. The available options are: Cumulative Non-Cumulative
   Maturity Amounte	Maturity amount cannot be less than deposit amount. It is equal or greater than deposit amount. Following sub-screens are not relevant to Corporate Deposits type of collateral. Appropriate message is displayed when the same are invoked for entering data at the time of collateral maintenance. Insurance Field Investigation details Valuation details

3. Click Save to save the record.