In this stage, the Credit Officer must discuss about the covenant breach with the client and capture the reason for breach. If the covenant is breached temporarily, then the Credit Officer can request for a waiver on covenant check for the particular instance from the Risk team.

If the borrower mentions that the breach will continue in future as well, then the Credit Officer can request for a complete removal of covenant, take remedial action, request to withdraw the facility, or take any other corrective action.

To Acquire & Edit the Covenant Breach - Credit Officer task, navigate to Tasks > Free Tasks from the left menu and select the required task.

The Covenant Breach - Credit Officer screen is displayed.

In the Covenant Breach - Credit Officer screen, the following actions can be performed for each covenant individually:

• Update Covenant details
• View Covenant details
• Upload / download Documents
• View Covenant History