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.
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User should be able to increase the commitment amount of the existing deal arrangement.
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User should be able to decrease the commitment amount of the existing deal arrangement
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Deal tenure can be increased or decreased
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Increase the commitment amount of the credit agreement (facility) with the incremental amount
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Decrease the commitment amount of the credit agreement (facility) by the specified amount
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Updates facility tenure by increasing or decreasing the term, in addition it allows the amendment of the availability schedule of the contract.
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To increase the drawdown commitment for a given arrangement
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To decrease the drawdown commitment for a given arrangement
Balance Maintenance
Balance Maintenance involves managing financial accounts and ensuring that the balances, bills, and debts associated with those accounts are properly maintained and reconciled.
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Bill balances such as commitment balance, principal or interest or charge amount of facility should be adjusted
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Perform the write off of all the balances and bills of a loan. Bank calls for the write off of a loan borrowed by a defaulter when the chances of loan recovery are almost zero and its assets are non-performing.
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Bill balances such as commitment balance, principal or interest or charge amount of facility should be adjusted
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Perform a write off of the balances and bills such as principal or interest or charge amount for the unpaid loans
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Perform a write off of the balances such as principal or interest or charge amount for the unpaid loans
Write Off Bills
PUTPerform a write off of the bills such as interest or charge amount for the unpaid loans