System is enriched to pickup and display interest rate based on selected Floating Rate code in below scenarios.

• In the Interest Details data segment, once system defaults interest components system will pick up and display Interest rate for maintained Floating Rate code if that component preferences is set as Floating type.
• Post default of interest component, if bank user is changing Floating rate code or interest type (Fixed to Floating etc) then system will do pickup and display interest rate online.

Risk Free Rates support is brought in for Bilateral and Syndication process flows with below features:

• Both RFR type Rate and Index is supported with Observation shift
• For RFR, 8 methods are supported that is Lookback, Lockout, Plain, Payment delay, Interest Rollover, Principal Adjustment, Last reset, Last recent
• The combinations of methods supported as well, as below :
  • Lookback + Lockout
  • Lookback + Payment Delay
  • Lockout + Payment Delay
• Corresponding to the method opted, Look Back Days / Payment Delay Days / Lockout Days, Rounding Unit can be captured.
• Interest computation method supports both Amount and Rate compounding along with options as Simple and Compounding for Base Rate, Spread/Margin and Spread Adjustment, separately.

Implemented remote caching solution for static/dynamic data using Oracle Coherence.

User can maintain static data for different types (like Application Channel, Loan purpose, Document Type etc) from Front end along with API call.

User can maintain advice specific Mail subject and Mail body in system. While sending mail out, OBCLPM will read this info and prepare mail accordingly, instead of hard-coded subject and body.

A consolidated view allows users to check the details of given application. Users can search by application number, and the system will display the details of all data segments related to that application number. Users can further drill down into each data segment details.

An Application Status screen has been introduced, it allows users to track the status of external system calls using the application number. Users can query the application number to view details of external calls, including status, external reference number, and any errors or warnings.

A new process flow has been introduced for users to maintain settlement instructions for customers. After approval, the system will trigger the back-office service to create the settlement instructions.

A new process flow has been introduced, it allows users to manage new entity for customers. After approval, the system will trigger the back-office service to create the instructions.

• Float Rate Pickup for SME flows
• RFR (Risk Free Rate) support for SME flows

This enhancement supports the waiving or capitalizing a part or full due amount, for any component (Interest or Principal) on any day during the lifecycle of the loan.

The Prepayment preferences, including Penalty Amount, Penalty Rate, and Schedule Processing options (FIFO, LIFO, Prorata) have been introduced on the payment screen for manual liquidation during the prepayment process.

Linkage of Facility and collateral has been enhanced to link an existing Collateral Pool to a Bilateral Loan or Syndication Drawdown, along with capturing additional details.

The Loan Origination screen has a new AI Assist feature that allows users to upload scanned documents such as the Loan Agreement, Sanction Letter, Credit Memo, and so on. When a loan is initiated, GEN AI extracts all necessary data from these documents and populates them in according to the predefined parameters based on specified prompts.