5 Trade Loan Drawdown Request

This topic describes the overview of Trade Loan Drawdown Request and provides information to initiate an application for trade loan drawdown.

The loan initiation is done based on information as below.
  • Party Details
  • Trade loan products
  • Loan specific information
Trade Loan Drawdown Request option is used for initiating a trade loan.
  • The initiation is done based on information that is segregated.
  • Charges as associated with the loan product is computed and displayed during trade loan initiation.
  • The trade loan drawdown request screen with respect to draft submission and edit facilities before save should be done.
  • The user can create a data template for trade loans drawdown based on the fields provided in the trade loans drawdown request screen. The user can update or delete these templates. The user can view these templates in thumbnail or list view.
  • The user can perform bulk file upload for trade loan drawdown templates/request. In addition, the user can initiate multiple trade loan drawdown requests.

Note:

This feature also supports Send to Modify option which can be used by the Approver instead of rejecting the drawdown request. Later, maker can make necessary changes to Trade Loan Drawdown Request and send for approval.
Perform one of the following navigations to access the Trade Loan Drawdown Request screen:
  • From the dashboard, click Menu, and click Accounts, and then click Corporate Loans. Under Corporate Loans, click Trade Loan Drawdown Request.
  • From the dashboard, click Menu, and click Accounts, and then click Corporate Loans. Under Corporate Loans, click Overview, then click Trade Loan Drawdown Request of the Quick Links widget.

This topic contains the following sub-topics: