Create a Facility
You can either create a standalone facility or create, accept, and activate an offer into a facility. A facility can also be merged or split.
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Creates a new offer facility for the required customer when at least the mandatory input is provided. Offer facility creates a draft contract and allow the users to negotiate multiple times. Offer facility is a draft contract and will not affect the balance sheet of the bank.
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Creates a new offer facility for the required customer when at least the mandatory input is provided. Offer facility creates a draft contract and allow the users to negotiate multiple times. Offer facility is a draft contract and will not affect the balance sheet of the bank.
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On executing acceptance, the contract is changed from offer to live facility 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.
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Creates corporate facilities
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.
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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
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Captures and accepts the Annual Financial Statement details like Debt Equity ratio, profit or loss and turnover of the company
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Captures and accepts the incorporation certificate details like entity name, type, incorporation date
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Captures and accepts the Quarterly Financial Statement details like Debt Equity ratio, profit or loss and turnover of the company
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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