3.1.3 Collateral Domain Changes

1. Dedupe Check: The dedupe check is now automated during collateral maintenance, based on the option selected at the collateral category level.
2. Collateral Event Details Query: New Value Date and Handoff Status columns are available for improved visibility.
3. Collateral Maintenance Launch Screen: Each supported collateral type now has a dedicated maintenance screen, with seamless navigation across related data segments. The previous common launch screen has been retired.
4. Revaluation history is now available through the dedicated Collateral Revaluation History Summary screen, replacing the previous inquiry at collateral maintenance level.
5. Collateral Pool Query: Collateral Pool Query is now available within the Utilization Inquiry and Utilization Log Inquiry screens.
6. Utilization Query and Utilization Log Summary: Utilization Inquiry and Utilization Log Summary are available as part of the enhanced drill-down inquiry options for Collateral.
7. Collateral Manual Fee Payment Maintenance: Authorization is now handled through the View screen.
8. In Collateral, data segments such as Insurance and Valuation apply only to selected collateral types and are enabled for data entry based on applicability.
9. Associating insurance and valuation at child collateral level is now enabled through insurance and valuation data segments by signifying the unique reference number of the child.
10. Introduction of charge registration due date at collateral
    • Collateral Maintenance now supports capturing a charge registration due date when the charge status is ‘Proposed’.
    • Configurable controls can automatically suspend the collateral and/or freeze linked facilities if registration (charge status as ‘registered’) is not completed by the due date.
    • Automated restoration returns collateral and facility statuses to active when charge perfection conditions are met.
11. Collateral Warehouse Maintenance and Linking:
    • Support for maintaining a master list of warehouses with all required details.
    • Ability to link individual collateral to one or more warehouses with precise allocation percentages; totals across linked warehouses must be equal to 100%.
    • Applies to the following collateral types: Agriculture, Commodity, Inventory, Machinery, Miscellaneous, Perishables, Precious Metals, and Vehicle.
12. Changes to Vehicle Collateral:
    • For newly procured vehicles, the following fields are made optional.
      • Registration Number, Registration Date, and Registration Authority.
    • For used or existing vehicles, these fields remain mandatory when creating a Vehicle collateral record.
13. Charge Due Date Enhancement:
    • Provision to signify number of days at collateral category level which facilitates in deriving charge due date at collateral level.
    • Based on number of days defined at category level, charge registration due date is derived during collateral maintenance for charge status as proposed, which can be modified by user.
14. Nominal value changes: Stocks, Funds, and Bonds collateral is now enhanced to support collateral value calculation when Nominal Value is selected.
    • A new Nominal Amount field is available on collateral child screens for externally revalued securities.
    • If Nominal Value is selected in Security Maintenance:
      • Face Value is mandatory.
      • At collateral level, nominal Amount is mandatory, and Security No. of Units is disabled
    • If Nominal Value is not selected:
      • Nominal Amount is disabled, and Security Number of Units is enabled.
    • Collateral value calculation is supported in both configurations.