3.5.18.2.1 Add Collateral

This topic explains the systematic instructions for adding a collateral to the loan account.

To add a collateral:

Note:

The fields marked as Required are mandatory.

1. From the Select Amendment field, select Add.
   A row is added in the Linked collateral section.

   Figure 3-83 Add Collateral

   
   

   
   Description of "Figure 3-83 Add Collateral"

   
   
2. In the Linked collateral section, specify the fields in the new row added. For more information on fields, refer to field description table below:

   Table 3-57 Add Collateral – Field Description

   Field	Description
   Linked collateral	This section displays the linked collateral details.
   Collateral Code	Select the collateral code to linked to the account. The drop-down list displays the collateral code, party name, collateral type, and collateral amount.
   Party ID	Displays the party ID linked to the collateral.
   Name	Displays the party name.
   Relationship	Displays the relationship of the party.
   Type	Displays the collateral type.
   Linkage	Select the linkage type for the collateral. The options are: Primary Collateral Secondary Collateral To enable the field, user should double click the field or click Edit from Action field.
   Liability Reference	Displays the reference number for the liability.
   Coverage	Specify the coverage amount.
   Utilized	Displays the utilized amount.
   Action	Displays the following icons: : Click to save the details added or modified. This icon is displayed only after the required mandatory details are specified. : Click to close the row added. This icon is displayed only after the required mandatory details are specified. : Click to edit the limit ID and expiry date of the limit. Once all the required mandatory details are specified, this icon is not displayed. : Click to delete the entry.
   Reason	Select the reason for adding the collateral.

3. Click Submit.
   The screen is successfully submitted for authorization.