1. Bilateral Loans User Manual
  2. Bilateral Loans
  3. Loan Servicing
  4. Financial Amendment

1.5.2 Financial Amendment

With Financial amendment user can initiate changes to following loan parameters:
  • Additional disbursement of Principal
  • Changes to interest details
  • Increase or Decrease of Maturity date

To initiate Financial Amendment

  1. On the Homepage, from Corporate Lending, under Operations, click Bi-lateral.
  2. On Bi-lateral menu, click Financial Amendment.
    The Financial Amendment screen is displayed.

    Figure 1-57 Financial Amendment

    Description of Figure 1-57 follows
    Description of "Figure 1-57 Financial Amendment"
    Click Advanced Search to provide further details to search for a loan contract as illustrated.

    Figure 1-58 Advanced Search

    Description of Figure 1-58 follows
    Description of "Figure 1-58 Advanced Search"
  3. In basic search you can search based on customer or facility code to choose a contract that needs to be serviced.
    • Customer Number- The LOV attached to this field is the list the customer available
    • Facility Code - The LOV attached to this field is the list the facility codes in the system.
  4. Click Search to list the contracts that meets the search criteria for you to choose a contract number. Advanced search option can be activated using the toggle in the search bar where you can additionally search based on Loan start and end dates or the Loan currency and amount.

    After selecting a contract system populates the appropriate business product applicable for the loan contract. You can choose a business product and the value date for the changes to be effective. On click of initiate, a unique Application Registration number is auto generated by the system, which are used throughout the process and for further tracking. The system derives the process flow for Financial Amendment with the configured list of data segments and the process gets instantiated.

    Based on the user rights, the system navigates the user to the first manual stage of the manual stage of the process flow

Related Topics

Parent topic: Loan Servicing