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
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