Change Commitment and Term
The deal commitment amount can be increased based on the customers repayment history or decreased in the case of customer request after deal creation. It is also possible to update the tenure of a deal. The above functionalities can be achieved using the following service operations.
-
User should be able to increase the commitment amount of the existing deal arrangement.
-
User should be able to decrease the commitment amount of the existing deal arrangement
-
Deal tenure can be increased or decreased
-
Increase the commitment amount of the credit agreement (facility) with the incremental amount
-
Decrease the commitment amount of the credit agreement (facility) by the specified amount
-
Updates facility tenure by increasing or decreasing the term, in addition it allows the amendment of the availability schedule of the contract.
-
To increase the drawdown commitment for a given arrangement
-
To decrease the drawdown commitment for a given arrangement
Evidence
Manage subscription for asset finance contracts & assets
-
Captures and accepts details based on the the outcome of an inspection, including data such as the inspector, inspection date, status, and any comments about the assets condition.
-
Captures and accepts details when a vehicle has been inspected and officially accepted by the organization, documenting the data such as acceptance date, accepting party, and status.
-
Captures and accepts details when an asset has been inspected and officially accepted by the organization, documenting the data such as acceptance date, accepting party, and status.
-
Captures and accepts new insurance for an asset, specifying details such as the insurer, coverage amount, policy number, and coverage period.
Update Evidence
PUTUpdate the evidences to specify its approval or rejection status.
Fetch Evidences
GETRetrieves evidence information such as evidence id, description, activity, and effective date.
-
Retrieves the list of newly acquired evidences which require an acceptance action to advance the status to accepted status.
-
Retrieves evidence details for a lease agreement as per the covenants and condition