Corporate Loans

The Corporate Lending Module is intended for computerizing business operations related to maintaining and servicing loan agreements extended to legal entities and individuals.
Corporate Loans
0.12 Mb.

Short

The Module is providing for servicing of the following products:
  1. A loan extended to a legal entity or individual with manual repayment schedule;
  2. A credit line for a legal entity or individual (including multicurrency loans):
    • With debt limits;
    • With extension limits.
  3. Tranches within the framework of credit lines;
  4. the provision of:
    • fixed-amount pledge;
    • fixed-amount guarantees;
    • fixed-amount sureties;
    • ceiling-amount sureties.
The Module specific feature is automatic effecting major operations related to the servicing of agreements:
  1. Opening accounts for agreement servicing;
  2. Interest accrual;
  3. Debt repayment;
  4. Drawing up invoices;
  5. Transfers in the event of arrears;
  6. Computation and collection of penalties;
  7. Accounting of changes in exposure groups;
  8. Accounting of reserves (Provisions for Probable Loan Loss, Provisions for Probable Loss Provisions for Probable Interest Loss, Provisions for Probable Penalty Loss);
  9. Automatic processing of tied agreements including:
    • Suretyship ceiling-amount agreement tie-in;
    • Recomputation of the amount of suretyship ceiling-amount agreement;
    • Distributing the amount of suretyship agreement by credit line tranches.
  10. Accounting of operations including those completed within previous business days;
  11. Generating notices to clients of pending events under the agreement.
Processing of loan agreements in a multiflow mode.

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