2.11.21 Covenant Tracking Details

This topic provides more information on tracking collateral covenant details.

The covenants linked to the collaterals can be tracked using the Collateral Covenant Tracking Details screen (GCSCOVTR) which is specific to collaterals as well as a common Covenant Tracking Details screen (GEDCVTRK).

For information on common Covenant Tracking Details screen, refer OBELCM Common User Guide.

1. On the Home screen, specify GCSCOVTR in the text box and click the icon and on clicking the queried record GCDCOVTR (Collateral Covenant Tracking Details) is opened with the details of the covenant.
   The Covenant Tracking Details screen is displayed.

   Figure 2-43 Covenant Tracking Details

   
   

   
   Description of "Figure 2-43 Covenant Tracking Details"

   
   

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

   Table 2-44 Covenant Tracking Summary - Field Description

   Field	Description
   Entity ID	Indicates the entity ID to which covenant is linked.
   Entity Type	Indicates the entity (Customer/Collateral/Facility) to which the covenant is linked.
   Liability Number	Indicates the liability number to which the covenant associated with customer/collateral/ facility is linked.
   Covenant Name	Indicates the covenant name.
   Covenant Reference Number	Indicates the covenant reference number for the customer/collateral/facility being maintained.
   Grace days	Indicates the grace days for the next due/revision date allowed for facility covenant.
   Notice Date	Indicates the date on which covenants can be tracked for compliance before revision date in advance based on notice days configured.
   Revision Date	Indicates the date on which covenant has to be revisited for review. Revision date is derived by system and updated when covenant is saved – based on combination of start date + (combination of frequency and due date and start month).
   Status	Select the compliance status as Complied or Breached. Note: 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. Breached Covenants which are not complied within revision date are 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. Covenants can also be marked as Breached online.
   Waived Till Date	In case the status is ‘Waived’, then you need to specify this date. You 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.

2. Click Save to save the record.