2.11.15.1 Modification of Revaluation Related Settings

This topic provides information on Modification of revaluation related settings.

Modification of Revaluation type

For collateral which are enabled for revaluation, revaluation type can be modified post creation. If a collateral is created with manual revaluation type, then it can be modified to auto revaluation type with one of the applicable revaluation methods. Likewise, if a collateral is created with auto revaluation type, it can be modified to manual revaluation type wherever the same is applicable.

When revaluation type is modified from Manual to Auto with one of the applicable revaluation methods, then the system considers the revaluation settings signified and appropriately stamp next revaluation date.

Likewise, when revaluation type is modified from auto (with one of the applicable revaluation methods) to manual revaluation related settings are blanked out and collateral is eligible for manual revaluation.

Modification of revaluation method

Modification of only revaluation method is not applicable.

Modification of rate of depreciation

Based on new rate, revaluation is done on the next revaluation date already stamped.

Modification of revaluation frequency

• Override message appears that modified frequency is applicable after the next revaluation.
• On the next revaluation date, modified frequency is considered and further revaluation date is arrived.

Modification of revaluation start month

Next revaluation date is stamped based on modified revaluation start month.

Modification of due date

Based on new value, next revaluation date is to be updated. The system considers the new value and compares with current business date/last revaluation date to stamp the next revaluation date.

Modification of holiday processing – from ignore to one of the settings

• Appropriate override message is shown during modification that modified holiday processing settings are applicable after next revaluation date.
• New holiday processing setting is applicable from next revaluation date.

Modification of holiday processing – from one of the settings to ignore

• Appropriate override message is shown during modification that modified holiday processing settings are applicable after next revaluation date.
• New setting is applicable from next revaluation date onwards.

For more information on collateral revaluation, refer to Collateral Revaluation section in this User Manual.