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.
Charge Off
Borrowers can default on their payments due to economic or other personal crises. Under these circumstances, a bank may deem certain receivable amounts on the loan arrangement to be charged off. A charge off can be for the overdue amounts (partial) or the entire loan amount. Customers are not aware of a charge off and bills are generated as usual. However, the charged off balances are held in a separate account on the banks books (shadow balances).
Charge Off
PUTExecute loan charge-off activity to charge-off account balance only
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Retrieves the charge off balances of an arrangement account