2.1 Covenant Tracking

This topic describes the systematic instructions for Covenant Tracking.

The authorization status and record status of the Covenant tracking record is displayed as Unauthorized and Open initially. Once the checker authorizes the record, the authorization status is changed to Authorized.

  1. On Home screen, click Covenants and Conditions under Covenants and Conditions, click on Covenant Tracking.
    The Covenant Tracking screen displays.

    Figure 2-1 Covenant Tracking


    Description of Figure 2-1 follows
    Description of "Figure 2-1 Covenant Tracking"

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

    Table 2-1 Covenant Tracking - Field Description

    Field Description
    Covenant Code Displays the Covenant Codes.
    Customer Id Displays the Customer Id.
    Linkage Type Displays the entity type to which the covenant is linked.
    Authorization Status Displays the authorization status of the record. The options are:
    • Authorized
    • Unauthorized
    Record Status Displays the status of the record. The options are:
    • Open
    • Closed
    Modification Number Displays the number of modification performed on the record.
  2. On Covenant Tracking screen, click search Iconicon.

    The Covenant Tracking - Search Filter screen displays.

    Figure 2-2 Covenant Tracking - Search Filter


    Description of Figure 2-2 follows
    Description of "Figure 2-2 Covenant Tracking - Search Filter"

  3. On The Covenant Tracking - Search screen, specify the Search Filter to fetch the required covenant tracking.
    For more information on fields, refer to the field description table.

    Table 2-2 Covenant Tracking - Search – Field Description

    Field Description
    Customer Id Specify the Customer Id.
    Linkage Type Specify the Linkage Type. The allowed values are
    • Customer
    • Facility
    • Collateral
    This field will be populated based on the Linkage Entity ID.
    Covenant Code Specify the linked covenant code.
    Linkage Entity Id Specify the Linkage Entry Id to which the covenant is linked.
    Note:
    • For the linkage type Facility, the Facility ID must be specified in the Linkage Entity Id field.
    • For the linkage type Collateral, the Collateral ID is to be specified in the Linkage Entity Id field.
    Linkage Sud Type Id Specify the Linkage Sub Entity ID.

    Note:

    Applicable only for Collateral linkage.
    From Revision Date Specify the From Revision Date.
    To Revision Date Specify the To Revision Date.
    Compliance Status Specify the Compliance Status. The available options are:
    • Met
    • Breached
    Covenant Status Specify the Covenant Status. The available options are:
    • Waive
    • Waive all
    Tracking Status Specify the Tracking Status. The available options are:
    • In Progress
    • Completed
    Authorization Status Specify the Authorization Status. The available options are:
    • Unauthorized
    • Authorized
  4. Click Search to display the required Covenant Tracking.
  5. On Covenant Tracking screen, clickListicon to Unlock, Delete, Authorize or View the Covenant Tracking.
  6. Click Unlock to modify the Covenant Tracking.
    The Covenant Tracking - Covenant linkage details screen displays.

    Figure 2-3 Covenant Tracking - Covenant linkage details


    Description of Figure 2-3 follows
    Description of "Figure 2-3 Covenant Tracking - Covenant linkage details"

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

    Table 2-3 Covenant Tracking - Covenant linkage details Field Description

    Fields Description
    Customer Id Displays the customer Id
    Customer Name Displays the Customer Name.
    Linkage Type Displays the Linkage Type. The allowed values are
    • Customer
    • Facility
    • Collateral
    This field will be populated based on the Linkage Entity ID.
    Covenant Linkage Id Displays the Covenant Linkage Id.
    Linkage Entity Id Displays the Linkage Entry Id to which the covenant is linked.
    Note:
    • For the linkage type Facility, the facility line number must be specified in the Linkage Entity Id field.
    • For the linkage type Collateral, the Collateral ID is to be specified in the Linkage Entity Id field.
    Linkage Sub Type Displays the Linkage Sub Type, which signifies the Covenant's linkage to a child collateral.
    Linkage Subtype Id Displays the Linkage Sub Entity ID of the child collateral for a Collateral linkage type.
    Result Value Specify the Result value.
    Compliance Status Specify the Compliance Status. The available options are:
    • Met
    • Breached
    Compliance Date Specify the Compliance Date.
    Covenant Status Specify the Covenant Status. The available options are:
    • Waive
    • Waive all
    Note:
    • Once the covenant status of an instance is changed to Waive, the Next Revision Date will be updated to match that of the next instance. The updated covenant status and the new Next Revision Date will be displayed on the Covenant Linkage screen.
    • Once the covenant status is changed to Waive All at the instance level, the new covenant status and the covenant status change date will be displayed on the Covenant Linkage screen.
    Recommendations Specify the Recommendations. The available options are:
    • Reduce the Facility
    • Additional Collateral
    • Withdrawal of Facility
    • Others
    Remarks Specify the Remarks.

    Note:

    The user can only add Remarks when Others is selected from the Recommendations.

  7. Click Next.
    The Covenant Tracking - Covenant details screen displays.

    Figure 2-4 Covenant Tracking - Covenant details


    Description of Figure 2-4 follows
    Description of "Figure 2-4 Covenant Tracking - Covenant details"

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

    Table 2-4 Covenant Tracking - Covenant details Fields and Description

    Fields Description
    Covenant code Displays the Covenant code.
    Covenant name Displays the Covenant name.
    Covenant Description Displays the Covenant Description.
    Covenant Type Displays the Covenant Type
    Revision Frequency Displays the Revision frequency.
    Notice Days Displays the notice Days.
    Revision Date Displays the Revision Date.
    Grace Days Displays the Grace Days.
    Result Value Specify the Result Value.
    Compliance Status Specify the Compliance Status. The available options are:
    • Met
    • Breached
    Compliance date Specify the Compliance Date.
    Covenant Status Specify the Covenant Status. The available options are:
    • Waive
    • Waive all
    Note:
    • Once the covenant status of an instance is changed to Waive, the Next Revision Date will be updated to match that of the next instance. The updated covenant status and the new Next Revision Date will be displayed on the Covenant Linkage screen.
    • Once the covenant status is changed to Waive All at the instance level, the new covenant status and the covenant status change date will be displayed on the Covenant Linkage screen.
    Recommendation Specify the Recommendations. The available options are:
    • Reduce the Facility
    • Additional Collateral
    • Withdrawal of Facility
    • Others
    Remarks Specify the Remarks.

    Note:

    The user can only add Remarks when Others is selected from the Recommendations.
  8. Click Next.
    The Covenant Tracking - Covenant tracking details screen displays.

    Figure 2-5 Covenant Tracking - Covenant tracking details


    Description of Figure 2-5 follows
    Description of "Figure 2-5 Covenant Tracking - Covenant tracking details"

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

    Table 2-5 Covenant Tracking - Covenant tracking details Fields and Description

    Fields Description
    Formula Displays the Formula.
    Target Type Displays the Target Type.
    Target Condition Displays the Target Condition.
    Target Value Displays the Target Value.
    Derived Result Value Displays the Derived Result Value.
    Derived Compliance Status Displays the Derived Compliance Status.
    Result Value Specify the Result Value.
    Compliance Status Specify the Compliance Status. The available options are:
    • Met
    • Breached
    Compliance date Specify the Compliance Date.
    Covenant Status Specify the Covenant Status. The available options are:
    • Waive
    • Waive all
    Note:
    • Once the covenant status of an instance is changed to Waive, the Next Revision Date will be updated to match that of the next instance. The updated covenant status and the new Next Revision Date will be displayed on the Covenant Linkage screen.
    • Once the covenant status is changed to Waive All at the instance level, the new covenant status and the covenant status change date will be displayed on the Covenant Linkage screen.
    Recommendation Specify the Recommendations. The available options are:
    • Reduce the Facility
    • Additional Collateral
    • Withdrawal of Facility
    • Others
    Remarks Specify the Remarks.

    Note:

    The user can only add Remarks when Others is selected from the Recommendations.

  9. Click Save to update the modified fields.

    Note:

    • Once the user modify and saves the record, the status will be Unauthorized.
    • The modified record is to be authorized by the Checker using the Authorize option.
    • The modification can be cancelled using the Delete option by the Maker.

Parent topic: Overview