1.2 Draft Proposal

This topic describes the information about the Draft Proposal. The Draft Proposal is used to check the eligibility, basic details and structure of the loan.

Draft Proposal process facilitate to create a prospect or lead Corporate Loan which a customer may want by for the various financing requirements. A customer would like to check his eligibility, basic details and the structure of the loan which can be catered through Draft Proposal. This process also defines the basic terms and condition on which a customer can avail loan from bank or a draft version of loan details.

This process commence from Draft Proposal initiation till the draft advice is sent to customer for various Application Category. The process of Draft Proposal can be initiated by the Relationship Manager (RM) (or users with relevant rights) on behalf of an existing or a prospective customer. Based on the nature of the financing requirement the system can be configured to initiate the relevant Business process flow. For instance the Corporate Customer / Company may approach the bank for its credit needs related to working capital, expansion or for Trade financing through various channels like branch, mail or through external agents. The platform also enables the initiation of this process through Customer direct Banking channel through the REST based Service APIs. The Platform has a predefined Netflix Conductor process flow following a typical corporate loan process. However this can be modified to suite the Bank's requirements.

The list of stages pre-defined for the Draft Proposal are
  • Application Entry
  • Application Enrichment
  • Verification
  • Credit Appraisal
  • Draft Approval
  • Customer Acceptance
Netflix Conductor process drives the flow from one stage to another based on the combination of attribute value and process outcome combination. Following attributes are validated as part of Netflix Conductor process for In- principle Approval life cycle:
  • Credit Appraisal Required
  • Customer Agreement Required
  • Loan Amount
  • Loan Currency

The basic registration details to create a draft Approval for a prospective borrower can be initiated using this Initiation Screen, provided the user has the required access rights.

  1. From Homepage, click Corporate Lending. Under Corporate Lending, click Operations, and then click Bi-Lateral.
  2. On Bi-Lateral, click Draft Proposal.
    The Draft Proposal screen displays.

    Figure 1-20 Draft Proposal

    Description of Figure 1-20 follows
    Description of "Figure 1-20 Draft Proposal"
  3. On Draft Proposal screen, specify the fields. For more information on fields, refer to the field description table

    Table 1-17 Draft Proposal - Field Description

    Field Description
    Lead/Prospect Number Select the required Lead/Prospect Number.

    This helps to determine if the loans are given under any back scheme.
    Business Product Select the required Business Product.

    Based on the business product system derives the following details to process the loan application.

    • Applicable stages and its data segments
    • Required documents and checklists
    • Stage level advices
    Application Date Select an effective application date.

    The system defaults the current system date as the application initiation date.
    Loan Purpose/Intent Select the required loan purpose/intent.
    Priority Select a priorityt.
    Application Channel Select the required application channel.
    Application Submitted By Select the details of the Agent/Customer who has submitted the application.
    Name Specify the name of the Agent/Customer who has submitted the application.
    Email Specify the Email ID of the Agent/Customer who has submitted the application.
  4. Click Initiate to begin the process.
On submit of the screen, a unique Application Registration number is auto generated by the system, which are used throughout the process and for further tracking. For an application, based on application category namely, Term Loan, Pre-shipment Finance, Post-shipment Finance, Project Financing, Working Capital and so on. The system derives the process flow for Loan Origination and the process gets instantiated. Based on the user rights the system navigates the first manual stage of the process flow.

This topic contains the following sub-topics:

Parent topic: Bilateral Loans