1. Bilateral Loans User Manual
  2. Bilateral Loans
  3. Draft Proposal

1.2 Draft Proposal

Use Draft Proposal 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.

To initiate Draft Proposal

  1. On the Homepage, from Corporate Lending, under Operations, click Bi-Lateral.
  2. On Bi-Lateral menu, click Draft Proposal.
    The Draft Proposal screen is displayed.

    Figure 1-3 Draft Proposal

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

    Table 1-2 Draft Proposal

    Field Description
    Lead/Prospect Number Click Search to view and select the required Lead/Prospect Number. This helps to determine if the loans are given under any back scheme.
    Business Product Click Search to view and 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 from the drop-down calendar. The system defaults the current system date as the application initiation date.
    Loan Purpose/Intent Click Search to view and select the required loan purpose/intent.
    Priority Select a priority from the drop-down list.
    Application Channel Click Search to view and select the required application channel
    Application Submitted By Select the details of the Agent/Customer who has submitted the application from the drop-down list.
    Name Enter the name of the Agent/Customer who has submitted the application.
    Email Enter 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.

Related Topics

Parent topic: Bilateral Loans