2.2.5 Credit Rating and Score Maintenance

This topic describes about the procedure to maintain details for credit rating and score.

Note:

The fields, which are marked with an asterisk, are mandatory.

User can maintain details regarding credit rating and scoring agencies in the Credit Rating and Score Maintenance screen.Using this maintenance, the agency specified can be identified as catering to credit rating or score or both. You can also maintain the credit rating codes given by each credit rating agency. This maintenance is used in assigning credit rating/score at borrowing entity level as part of liability maintenance. Credit ratings are also assigned to facilities provided by the bank.

  1. On the Home screen, select Limits and Collaterals. Under Limits and Collaterals, select Common.
  2. Under Common, select Maintenances. Under Maintenances, select Credit Rating and Score Maintenance.
    The Credit Rating and Score Maintenance screen displays.

    Figure 2-34 Credit Rating Agency Maintenance


    Description of Figure 2-34 follows
    Description of "Figure 2-34 Credit Rating Agency Maintenance"

  3. On Credit Rating Agency Maintenance screen, click New and specify the fields.
    For more information on fields, refer to the field description table.

    Table 2-26 Credit Rating Agency Maintenance - Field Description

    Field Description
    Agency Name Specify the name of the credit agency.
    Agency Description Specify the brief description about the rating agency.
    Agency Type Select the agency type from the drop-down list. The available options are:
    • Internal
    • External

    To support assigning ratings from external agencies as well as by banks internally, each agency can be classified as internal or external which is defaulted in liability/facility maintenance.
    Credit Indicator Select the credit indicator which the agency will maintain. The available options are:
    • Rating
    • Score
    • Both

    Note: On selecting the option as Rating or Both, the Credit Rating section will get displayed to enter the rating details.

    Following details are applicable for only credit rating and not for score.

    Table 2-27 Credit Rating and Score Maintenance

    Field Description
    Credit Rating Specify the unique credit ratings assigned by the agencies to entities.
    Credit Rating Description Specify the brief description about the credit rating.
    Priority Specify the priority of the credit rating to enable sequencing assigning of the credit rating.

    Note: This is only for information purpose and not for processing.

  4. Click Save and Close to save the record.

Parent topic: Maintenances