This topic provides systematic instructions on Guarantee.

1. On Home screen select Limits and Collaterals. Under Limits and Collaterals, select Collaterals. Under Collaterals, select Maintenances.
2. Under Maintenances, select Collateral Types. Under Collateral Types, select Guarantee.
3. Under Guarantee, select Guarantee Maintenance.
   The Guarantee Details screen is displayed.

   Figure 3-113 Gurantee Details

   
   

   
   Description of "Figure 3-113 Gurantee Details"

   
   

   Click
   
   icon. The Guarantee Details screen displays.

   Figure 3-114 Guarantee Details

   
   

   
   Description of "Figure 3-114 Guarantee Details"

   
   

   Using this screen, customer collateral of type guarantees can be maintained. You can capture multiple guarantees as part of customer collateral created and arrive at the collateral value appropriately.

   When multiple guarantees records are added to customer collateral, last of end dates is updated as collateral end date. At the end date of the last record, collateral value is updated as zero. However, when a particular guarantee linked to a collateral reaches end date first, then the collateral value is reduced to this extent.

   For more information on fields, refer to the field description table.

   Table 3-90 Guarantee Details - Field Description

   Field	Description
   Reference Number	Specify unique reference number for guarantee record being added. The reference number is used to link a particular sub-system record to a particular child entity. Once the child collaterals are added, values entered in unique field considered for each of the collateral type are populated under reference number field of sub-system. You can select the reference number of any child collateral to link it to the sub-system record. For more details, refer to Reference Details Example in Insurance Maintenance section.
   Guarantee Type	Select the guarantee type from the drop-down list. The available options are: Bid Bond Commercial Financial Performance Personal
   Revocable	Select this check box to if you want to revoke the guarantee.
   Issue Date	Specify the issue date cannot be future date. Issue date cannot be after effective date.
   Effective Date	Specify the effective date cannot be future dated. Issue date is defaulted as effective date unless specified.
   Expiry Date	Specify the expiry date cannot be back dated or current dated.
   Issuer Details	Specify the guarantee issuer details.
   Beneficiary	Specify the beneficiary details.
   Applicable Place	Specify the applicable place.
   Currency Details	Select the currency of guarantee amount from the LOV.
   Currency	Select the currency of guarantee amount from the LOV
   Amount	Guarantee amount is updated as collateral value. When multiple guarantee records are included as part of one customer collateral, the sum of amount of all guarantees is updated as collateral value.
   Amount In Collateral Currency	If guarantee currency is different from collateral currency, configured rate is considered and converted guarantee amount in collateral currency is displayed.
   Rating Agency	Rating for guarantee from the agency can be signified at guarantee level.
   Rating	Select the rating of the guarantee as rated by agency
   Remarks	Specify the remarks.

4. Click Save to save the record.

• View Guarantee
  This topic describes the systematic instructions to view the guarantee.