6.6.10 Relationship with Financial Institution

The relationship with the Financial Institution section provides the details of the relationship of the subject with the Financial Institutions mentioned in the report. This option allows you to add a new relation of the subject with the Financial Institutions. You can also modify and remove the existing relation of the subject with the Financial Institutions.

To add a new subject relationship with a financial institution and modify or remove an existing subject relationship with a financial institution, follow these steps:

  1. Go to the Relationship with Financial Institution section.
  2. Click Add. The Relationship with Financial Institution window displays.
  3. Enter the required information in the Relationship with Financial Institution fields.

    Table 6-14 Add Relationship with Financial Institution

    Fields Description
    Financial Institution TIN Enter the TIN of the financial institution.
    Relationship with Financial Institution

    Select the relationship of the subject with the financial institution from the drop-down list.

    This field provides the following options in the drop-down list:

    • Accountant
    • Agent
    • Appraiser
    • Attorney
    • Borrower
    • Customer
    • Director
    • Employee
    • No relationship to the institution
    • Officer
    • Owner or Controlling shareholder.
    • Other
    Description (Relationship type “Other”)

    Enter the relationship of the subject with the financial institution.

    If the relationship of the subject with the financial institution is anything other than the options provided in the Relationship with Financial Institution drop-down list, then you must select Other and provide a description of the relationship.

    Status

    Select the status of the relationship of the subject with the financial institution from the drop-down list.

    This field provides the following options in the drop-down list:

    • Resigned
    • Suspended/Barred
    • Terminated
    • Relationship continues
    Action Date

    Select the date of termination of the subject related to the financial institution.

    Note: This field must be updated only if the relationship status is Terminated.

  4. Click Save. The following message displays: Update Operation Successful.
  5. Click OK. The Relationship with the Financial Institution details is saved.
  6. Click the Validate button in the Relationship With Financial Institution section to validate the information present in the Relationship With Financial Institution section and check for any missing mandatory information. Also identifies any disallowed combinations of Relationship types and the inclusion of an Action Date.
    Validations:
    If you click Save without entering any value in Relationship with Financial Institution, the application displays the following message: You have not selected any value for “Relationship with Financial Institution”. If there is no relationship, then please select “No relationship to an institution” from the drop-down.
    To edit the subject relationship with a financial institution, follow these steps:
    1. Select the record you want to edit from the Relationship with Financial Institution section.
    2. Click Edit. The Relationship with Financial Institution pop-up window displays.
    3. Modify the required information.
    4. Click Save. The following message displays: Update Operation Successful.
    5. Click OK. The Relationship with the Financial Institution details is saved.
    To delete the subject relationship with a financial institution, follow these steps:
    1. Select the record you want to delete from the Relationship with Financial Institution grid.
    2. Click Delete. The following message displays: Are you sure you want to delete this record?
    3. Click OK. The following message displays: Delete Operation Successful.
    4. Click OK. The Relationship with the Financial Institution detail is deleted.

    Note:

    You cannot edit the report details when the report is in View mode. Action buttons, such as Add, Edit, Delete, and Validate, are hidden in the Subject Details when the report is in View mode.