In addition to swap the asset linked to an account, you can add non primary Asset/Collateral to an Account during Servicing and Collection stage by posting ADD NEW ASSET non- monetary transaction in Customer Service > Maintenance > Transaction Batch Information section.

Any collateral with status NEW, INACTIVE and RELEASED can be added through this transaction and the status of the Asset is set ACTIVE by default. If there is already an asset associated to an account or if this is the first one, the new asset is added with Primary indicator as N which can to be manually changed in Servicing > Customer Service > Collateral > Vehicle tab.

While posting the transaction, you need to specify the New Asset Number. Enter additional details (if any) as Comments and select the Reason Code from the drop-down list. Click Post.

On successfully posting the transaction, a confirmation message is displayed and a comment is posted on the account indicating NEW COLLATERAL ADDED - ASSET NBR:XXX,PRIMARY IND: N. You can view and further updated the asset details in Servicing > Customer Service > Collateral > Vehicle tab.