2.12.9 Obligation Details screen

This topic provides information on obligation details screen.

Note:

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

1. On the Home screen, specify GCDCOLLO in the text box and click the icon.
   The Obligation screen is displayed.

   Figure 2-69 Obligation

   
   

   
   Description of "Figure 2-69 Obligation"

   
   
2. On Obligation screen , click the Obligation Details tab.
   The Obligation Details screen is displayed.

   Figure 2-70 Obligation Details

   
   

   
   Description of "Figure 2-70 Obligation Details"

   
   

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

   Table 2-74 Obligation Details - Field Description

   Field	Description
   Guarantor CIF No	Specify the customer number (CIF ID) of the guarantor. Guarantor CIF No. should be unique.
   Guarantor Name	Specify the guarantor’s name. The system displays the guarantor’s name if guarantor CIF is entered.
   PNW	Specify the present net worth of the guarantor.PNW cannot be negative.
   Guarantor Address	Specify guarantor’s address.
   Obligation Type	Specify if the guarantee is personal or corporate guarantee.
   Agreement Date	Specify the guarantee agreement date. Agreement date cannot be future dated.
   Guarantee Amount	Specify the guarantee amount. The amount is updated as collateral value. When multiple records are included as part of one customer collateral, sum of amounts of all obligations are updated as collateral value.
   Total Guarantee Amount	The system displays the total amount of guarantee provided by the mentioned Guarantor for multiple obligation collaterals on clicking Calculate. After authorizing the collateral record, clicking the ‘Calculate’ button will recalculate and update the Total Guarantee Amount based on the amount available in all the obligation records (current and existing records) at that time. Total Guarantee Amount will be updated for all the linked child collaterals as well. In case of child collaterals with cross currency, Total Guarantee Amount will be updated considering the cross currency revaluation of child collaterals. Note: Closed collateral records are not considered for Total Guarantee Amount calculation.
   Rating Agency and Rating	You can assign a credit rating to each Guarantor. Select the rating from the drop-down list. Selected rating details are populated in Rating Agency and Rating fields.
   Revocable	Indicate whether the Guarantor can revoke (withdraw) this guarantee provided or not.
   Revoke Date	Indicate the date when the Guarantor revokes the guarantee. This field is enabled only when the Revoke check box is selected. Revoke date cannot be backdated. When multiple obligation records are added to customer collateral, farthest of revoke date is updated as collateral end date. On the expiry date of the farthest record, collateral value is updated as zero. When multiple records are having different end dates, collateral value is reduced to the extent of obligation on reaching revoke date. Note: If Revoke Date is given in the "Obligation Details" and Collateral End Date is not given, then farthest Revoke Date will be updated as Collateral End Date with appropriate message. Override message- Collateral End Date is not provided, so it will be updated as the maximum Revoke Date. If Revoke Date is given in the "Obligation Details" and Collateral End Date is also given and if Collateral End Date is after farthest Revoke Date, then End Date will be updated as the maximum Revoke Date. Override message - Collateral End Date is greater than the maximum Revoke Date, so Collateral End Date will be updated as the maximum Revoke Date. If Revoke Date is given in the "Obligation Details" and Collateral End Date is also given and if Collateral End Date is earlier than farthest Revoke Date, then Collateral End Date given will be retained. Override message - Collateral End Date will be retained though Maximum Revoke Date is greater than the Collateral End Date. Collateral will be marked as expired on this Collateral End Date.
   Guarantor’s Own Exposure	The system displays the total exposure of the guarantor.
   Continuing Guarantee	Select this check box if the guarantee is a continuing guarantee.
   Remarks	Specify the remarks for the guarantee, if any. Following sub-screens are not relevant to obligation 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.