2.12.10 Guarantee Details screen

This topic provides information on Guarantee details screen.

Note:

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

1. On the Home screen, specify GCDCOLLG in the text box and click the icon.
2. On Guarantee screen , click the Guarantee Details tab.
   The Guarantee Details screen is displayed.

   Figure 2-71 Guarantee Details

   
   

   
   Description of "Figure 2-71 Guarantee Details"

   
   

   Using this screen, customer collateral of type guarantees can be maintained. You can capture multiple guarantees as part of customer collateral created and arrive at the collateral value appropriately.

   When multiple guarantees records are added to customer collateral, last of end dates is updated as collateral end date. At the end date of the last record, collateral value is updated as zero. However, when a particular guarantee linked to a collateral reaches end date first, then the collateral value is reduced to this extent.

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

   Table 2-75 Guarantee Details - Field Description

   Field	Description
   Reference Number	Reference number is unique between different guarantees attached to the same collateral.
   Guarantee Type	Select the guarantee type from the drop-down list. The available options are: Big Bond Commercial Financial Performance Personal
   Issuer Details and Beneficiary	Specify the guarantee issuer and beneficiary details.
   Applicable Place	Specify the applicable place.
   Issue Date	Specify the issue date cannot be future date. Issue date cannot be after effective date.
   Effective Date	Specify the effective date cannot be future dated. Issue date is defaulted as effective date unless specified.
   Expiry Date	Specify the expiry date cannot be back dated or current dated.
   Currency	If the collateral being is enabled for manual revaluation, then you can select the currency from the adjoining option list. However, in case collateral being is enabled for external revaluation, currency gets populated based on the security code selected.
   Amount In Collateral Currency	If guarantee currency is different from collateral currency, configured rate is considered and guarantee converted amount is updated as collateral value.
   Amount	Guarantee amount is updated as collateral value. When multiple guarantee records are included as part of one customer collateral, the sum of amount of all guarantees is updated as collateral value.
   Rating Agency	Rating for guarantee from the agency can be signified at guarantee level.
   Revocable	Select this check box to if you want to revoke the guarantee. Following sub-screens are not relevant to guarantee 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
   Remarks	Specify the remarks.

3. Click Save to save the record.