1.2.4 Configure Covenant

This topic provides the systematic instructions to configure Covenant.

Covenant is an event or a condition which needs to be complied or monitored during the life of a Loan Contract at desired frequency. The frequency can be weeks, months or years. Covenant have an expected completion date for every frequency. You can capture the respective Covenant in a Loan Agreement along with the target date of completion. Upon completion of one Covenant for a particular frequency, the status can be captured accordingly and a new pending Covenant is created for the next frequency. You can capture the remainder days to trigger the notification to the respective RM regarding the upcoming Covenant prior to the completion date.

Specify the User ID and Password, and login to Homepage.

  1. On the Homepage, from Corporate Lending, under Maintenance, click Covenant.
    The Create Covenant screen is displayed.

    Figure 1-4 Create Covenant


    Description of Figure 1-4 follows
    Description of "Figure 1-4 Create Covenant"

  2. In the Create Covenant screen, provide the required details.

    Table 1-5 Create Covenant

    Field Description
    Party Click Search to view and select the required party.
    Project Name Click Search to view and select the required project name.

Parent topic: Maintenance Screens