Create a Deal
A deal represents a credit agreement between the lender and the borrower that governs the applicable terms of the facilities, which encompass various conditions such as Non-Business Day Rules, Agency Fee, and more. Below are the service operations used to streamline the process of initiating, managing, and tracking deals or transactions.
-
Creates new offer deal for the required customer when the mandatory input details are provided. Offer deal creates a draft contract and allows the users to negotiate multiple times. Offer deal is a draft contract and will not affect the balance sheet of the bank.
Accept Deal Offer
POSTOn executing acceptance, the contract is changed from offer to live deal for the required customer when at least the mandatory input is provided. Process will check all the required mandatory inputs and prompt an error message when mandatory details are not provided. Once the accept deal offer is processed further offer negotiation is not allowed.
Cancel Offer
POSTDeletes a new offer for the required deal contract when at least the mandatory input is provided. Deal offer is a draft contract, which allow the user to delete the contract online and deal offer contract will not affect the balance sheet of the bank.
-
Create a new deal for the customer with the details like product, term and amount . Corporate deal is a credit agreement between two parties- the lender and the borrower, who agree to certain terms and conditions along with their rights and obligations
Loan Evidences
Loan evidence refers to the documentation or supporting materials that provide proof of the existence, terms, and conditions of a loan agreement. These documents serve as tangible evidence of the loan transaction and are crucial for record-keeping, legal purposes, and tracking loan-related information.
-
Performs update of covenants and conditions for a loan account. Covenants are requested in periodic basis and the Conditions are one-time evidence. On non-submission or non-compliance of the evidences, the related consequent activity will be restricted
-
Captures and accepts the Annual Financial Statement details like Debt Equity ratio, profit or loss and turnover of the company
-
Captures and accepts the incorporation certificate details like entity name, type, incorporation date
-
Captures and accepts the Quarterly Financial Statement details like Debt Equity ratio, profit or loss and turnover of the company
-
Retrieves the covenants and conditions for a loan account. Covenants are requested in periodic basis and the Conditions are one-time evidence. On non-submission or non-compliance of the evidences, the related consequent activity will be restricted
Update Evidences
PUTPerforms update of covenants and conditions for a loan account. Covenants are requested in periodic basis and the conditions are one-time evidence. On non-submission or non-compliance of the evidences, the related consequent activity will be restricted