Close collateral agreement

To discard a collateral agreement you need to open it. You can open the collateral agreement via the Collaterals or Loans menu:

  1. Collateral > Search agreements.

  2. Find the collateral agreement in question.

  3. Click the Agreement ID to open the collateral agreement.

  4. Click the Close agreement button.

  5. Select the Closing date and Closing reason. If required, you can add a comment > Close.

Note that the Closing reason parameter is a custom lookup code. You can manage its values by going to Administration > Settings > Lookups > COLLATERAL > Collateral agreement. Choose lookup type CLOSE_REASON.

You can close the collateral agreement in the signed status only.

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