4.1.1.4 Reverse Utilization
This topic provides information about reverse utilization.
Reverse Utilization transaction is used to reverse or roll back all existing
utilizations linked to a collateral thereby setting the utilization balance back to
zero. This action undoes all previous utilization-related activities (NEW, INCREASE,
DECREASE). This can be used to handle below scenarios.
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- Error Correction: If there was an operational error, reversing the utilizations allows you to quickly correct the account status without individually undoing every transaction.
- Contract or Cancelation: When user/customer wants to close the contract transaction.
Parent topic: Utilization Transaction Action