Block or Unblock Commitment and Term
The deal commitment term can be blocked or unblocked based on the customer's request after deal creation for a particular period.
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Existing deal level commitment term is blocked
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Existing deal level commitment term is unblocked
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There could be adverse credit rating of the customer as part of the periodic review and bank would like to restrict further credit exposure. In such cases when the facility is blocked further drawdowns are not allowed while the existing drawings can be serviced.
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There could be adverse credit rating of the customer as part of the periodic review and bank would have restricted further credit exposure and stipulated some mitigants to be fulfilled by customer based on which the restrictions on credit exposure can be lifted. This API is used to unblock the facility commitment.
Create an Asset
Collection of end points that relate to Tangible asset, arrangement and covenants creation, enables creation of Land & Building, Equipments, Specialised Assets
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Creates assets that fall under classification of vehicles
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Creates assets that fall under classification of equipments
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Creates assets that fall under classification of land & buildings
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Creates assets that fall under classification of specialised assets.
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Registers the tangible asset into the system by capturing the basic details like asset class, asset type, cost details, depreciation details.
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Creation of hire purchase agreement for the customer with terms & conditions.
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Creation of lease agreement for the customer with terms & conditions.
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Creation of chattel mortgage agreement for the customer with terms & conditions.
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Captures and accepts new insurance for an asset, specifying details such as the insurer, coverage amount, policy number, and coverage period.
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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.
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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.
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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.
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Activation of an asset finance agreement. This action marks that the asset is delivered to the lessee and the contract terms are initiated.