Loan / Collateral Management
This module captures the details of collateral(s) that are provided by the customer against the facility(s) as per the understanding between the bank and the customer.
The key features of this module are as follows:
- Collateral Valuation
Loan Management Solution – CorrCMS applies the current applicable mark to market or user defined rate to determine the value of the collateral and also applies the haircut / valuation margin in order to derive the bank’s value of that collateral.
- Linking of Collaterals with Facility
Functionality is provided to link collateral(s) with facility(s) and to share the available collateral amount with the linked facility to cover the facility exposure. It covers the following scenarios:- Link one collateral with one facility
- Link one collateral with multiple facility(s)
- Link multiple collateral(s) with one facility
- Link multiple collateral(s) with multiple facility(s)
- Linking of Collaterals with Insurance Policies / Cover Notes
Functionality is provided to link the collateral with insurance policies to record the risk coverage provided for such collateral(s) by linked policy(s). It covers the following scenarios:- Link one collateral with one insurance policy / cover note
- Link one collateral with multiple insurance policy(s) / cover notes
- Link multiple collateral(s) with one insurance policy / cover note
- Link multiple collateral(s) with multiple insurance policy(s) / cover notes
- Collateral Placed at Warehouse
Loan Management Solution – CorrCMS keeps track of details and value amount of collateral placed in a warehouse against the warehouse limit. It also has the ability to capture and store the warehouse and creditor expenses for the specific collateral based on which the net usable value of that collateral is determined.
