1. Trade - Oracle Banking Corporate Lending Integration User Guide
  2. Trade - Oracle Banking Corporate Lending Integration
  3. Integration Process
  4. Loan Creation during Guarantee Claim Settlements

2.3.3 Loan Creation during Guarantee Claim Settlements

The request for loan processing will be sent to OBCL through web service during authorization of Guarantee Claim Settlement.

Saving Guarantee Claim Settlement Creation

When Claim Settlement is done for a guarantee contract created with Claim Settlement by Loan option, then the following details for loan creation will be defaulted in Loan Preference screen:
  • Loan amount will be the amount provided in split settlement for loan creation.
  • Loan Currency: Loan Currency to be local currency or Contract currency.
  • Counter Party: Counterparty of the Guarantee.
  • Value Date: Value date to be Claim Payment Date.
  • Maturity Date: Maturity Date to be Claim Payment Date+ tenor of loan product.
  • Suspense GL: Suspense GL will be the Bridge GL maintained at Guarantee product maintenance. Suspense GL in OBTF and OBCL should be the same. This should be operationally controlled.
  • Interest components will be defaulted in UDE details. Interest type can be Fixed or Floating.
  • Rate Code will be defaulted for Floating Rate Type.
  • Liability number will be defaulted from BC limits. Multiple liabilities attached to that customer will be listed in the LOV. User can modify the same.

Authorizing Guarantee Claim Settlement Creation

Claim Settlement Authorization will fail if there are any dual authorization overrides and system displays an error message. You can authorize the override manually and then proceed for authorization of Claim Settlement.

Loan creation and authorization requests will be posted in intermediate store with the following details:
  • Claim Settlement with Limits - Status of Loan creation request will be 'Pending'.
  • Claim Settlement without Limits - Status of Loan creation request will be 'Unprocessed'.
  • Status of Loan authorization request will be 'Hold'.
The ‘External Loan request Status’ in LCDGCLP will be updated as ‘Unprocessed’. If you try to delete, modify or authorize the Claim Settlement, the system displays an error message.

Limits utilized during Guarantee Issuance and/or Amendment will be de-utilized to the extent of the claim amount while settling the claim.

Liability amount and/or available amount will be reduced to the extent of claim amount upon settlement.

Parent topic: Integration Process