3.12 Adhoc Collaterals Revaluation

This topic provides information on adhoc revaluation of collaterals.

The Adhoc Collateral Valuation is generally suitable for Market based Collaterals. This feature allows you to perform revaluation on collateral assets at any point of time (eg. whenever the Market is volatile). This process can be initiated by searching for the relevant collateral using one of several unique identifiers.

The system provides multiple options for you to search and select the collateral:
  • Collateral Code: Use this option if you know the specific collateral which needs to be revaluated.
  • Security Code: Select the security code price of which has changed and all linked collaterals to be revalued. In this case all the Collaterals linked to the selected Security Code will be displayed. The user can select either all the Collateral or appropriate Collaterals for performing the Adhoc Valuation. In the event if in a single collateral having multiple child collaterals with different security codes attached and the Adhoc revaluation is performed for one of the Security Code in the Collateral, then system will automatically perform revaluation for other Security Code present in the selected Collateral record.
  • Customer Number: Search using the customer number to find all collaterals linked to that customer.
  • Liability Number: Search using the liability number. In this case, all the collaterals linked to the selected liability number will be displayed for selection for performing the Adhoc Revaluation.

The Adhoc Collateral Revaluation screen provides an option to search and revaluate the market based collaterals with the latest price, if Revaluate Market Online is set as Batch in Application Parameter Settings defined in config service.

  1. On Home screen, select Limits and Collaterals. Under Limits and Collaterals, select Collaterals.
  2. Under Collaterals, select Maintenances. Under Maintenances, select Adhoc Collateral Revaluation.
  3. Under Adhoc Collateral Revaluation, select View Adhoc Collateral Revaluation.
    The View Adhoc Collateral Revaluation screen is displayed.

    Figure 3-181 Adhoc Collateral Revaluation


    Description of Figure 3-181 follows
    Description of "Figure 3-181 Adhoc Collateral Revaluation"

  4. On Adoc Collateral Revaluation screen, specify the fields.
    For more information on fields, refer to the field description table.

    Table 3-143 Adoc Collateral Revaluation

    Field Description
    Collateral Code Select the collateral code to be revalued.
    Security code Select the security code which price has changed for selecting the collaterals linked to be revalued.
    Liability number Select the liability number to fetch the market based collaterals linked to liability to be revalued.
    Customer Number Select the customer number to fetch the collaterals linked to customer which are created for the liability having customer as default.
    Reference Number The system generates a unique reference number for the adhoc revaluation and displays the same in this field, when the user clicks Process button.

    The user can also inquire the status of adhoc collateral revaluation by entering the reference number in this field.
    Status Displays the status of adhoc revaluation.
    When the collaterals are selected and process opted, the status will get updated as UNPROCESSED. Using reference number status can be queried and once revaluation is complete, status will be updated as PROCESSED

    Figure 3-182 Adhoc Collateral Revaluation


    Description of Figure 3-182 follows
    Description of "Figure 3-182 Adhoc Collateral Revaluation"

    After opting execute query, collateral records will be displayed under search results based on search criteria opted.User can opt the collaterals which need to be revalued by selecting/deselecting the check box and opt PROCESS button which will be shown down below.

    Note:

    Collaterals that are revaluated through adhoc revaluation process will follow the normal process of frequency based revaluation on the next revaluation date of the collateral.

Parent topic: Maintenances