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One of the following property types can be used to create an asset:
Real estate,
Vehicle,
Commercial pledge (document),
Security,
Deposit.
You can create a new asset via the Collateral menu:
Fill in the parameters for the following sections:
Click Create.
Collateral > Search assets.
Fill in the search parameters > Search.
Click the Asset ID to view the asset information.
You can also add a new asset for a loan application or loan offer:
On the loan application page, scroll to the Assets section.
From the content menu choose Collateral.
To connect an existing asset to a loan application or loan offer:
On the loan application page, scroll to the Assets section.
Click the plus icon > Add existing.
Find the required asset > click the Asset ID.
On the asset details page select if the asset is acquired or not.
Click Bind to connect asset to the loan application.
Edit the loan offer by clicking the Edit button.
From the content menu choose Collateral.
On the Offer collateral page, click the plus icon > Add existing.
Find the required asset > click the Asset ID.
On the asset details page select if the asset is acquired or not.
Click Bind to connect asset to the loan offer.
To modify the asset parameters you can do one of the following:
Click the Edit button, modify data > Save.
Add new data > Save.
Click the Delete button/ cross sign to remove the data that is not necessary.
Also, you can modify the liability status by ticking or unticking the status box:
These instructions only apply to the assets that are used as collaterals.
Once asset is used as the collateral, you can find the links to the collateral agreements and loan contracts where this asset is used.
To find collateral agreement details:
Scroll to the Collateral agreements section.
For more details, click:
Agreement number - to view the collateral agreement.
Credit contract - to view the loan contract.
Collateral > Create asset > fill in the .
Select the , asset class and provide other asset related details.
Fill in the information about the and click the Add person button to find the corresponding person.
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Click the plus icon > .
Fill in the accordingly > Create.
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Edit the loan offer by clicking the button.
On the Offer collateral page, click the plus icon > .
Fill in the accordingly > Create.
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Click the icon > update the details > Change.
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Asset type*
List
Select the asset type from the list. The available values are:
Vehicle,
Commercial pledge,
Real estate,
Security,
Deposit.
Asset class*
List
Select the asset class.
Note that the asset class is a configurable parameter. You can add your values by going to:
Administration > Settings > Lookups.
In the content menu search for Collateral > Asset class.
Configure new values for the asset class parameter.
Fill in the Owners parameters and click the Add person button to select an existing person or create a new person.
Ownership type*
List
Select the type of asset ownership. Note that the ownership type is a configurable parameter. You can add your values by going to:
Administration > Settings > Lookups.
In the content menu search for Collateral > Asset ownership.
Configure new values for the asset ownership parameter.
Ownership size*
Number
Enter the asset ownership percentage.
Owner name*
Text
This field will be autofilled when the owner person is selected.
Identification number*
Number/ Text
This field will be autofilled when the owner person is selected.
Value type*
List
Select the asset value type.
Note that the value type is a configurable parameter. You can add your values by going to:
Administration > Settings > Lookups.
In the content menu search for Collateral > Asset evaluation.
For the Lookup type choose TYPE.
Configure new values for the value type parameter.
Amount*
Number
Enter the asset value amount and currency. Note that the asset evaluation currency must match the target loan currency code.
Evaluation date*
Date
Select the date when the asset evaluation was performed.
Evaluator
List
Select the asset evaluator. Note that the evaluator is a configurable parameter. You can add your values by going to:
Administration > Settings > Lookups.
In the content menu search for Collateral > Asset evaluation.
For the Lookup type choose EVALUATOR.
Configure new values for the evaluator parameter.
Insurance company*
Text/ Number
Enter the name of the insurance company. Note that the insurance company is a configurable parameter. You can add your values by going to:
Administration > Settings > Lookups.
In the content menu search for Collateral > Asset insurance.
Configure new values for the insurance company parameter.
Agreement number*
Number/ Text
Enter the number of the insurance agreement.
Amount*
Number
Enter the insurance amount and select currency.
Start date*
Date
Select the date when the asset was insured.
End date*
Date
Select the insurance end date.
Description
Text/ Number
Enter additional information about the insurance.
Pledgee*
Text/ Number
Enter pledgee full name.
Pledge amount*
Number
Enter the pledge amount and currency.
Rank*
Number
Enter the asset rank.
Loan type code
List
Select the loan type code. Note that the loan type code is a configurable parameter. You can add your values by going to:
Administration > Settings > Lookups.
In the content menu search for Collateral > Asset liability.
Configure new values for the asset liability parameter.
Loan amount
Number
Enter the loan amount.
Description
Text/ Number
Enter additional information about the pledge.
A collateral agreement binds existing assets or personal suretyship to the loan contract as collateral. It consists of the following steps:
Connecting asset/suretyship to the loan contract.
To create a collateral agreement with suretyship:
Collateral > Create collateral agreement.
Click Suretyship to add a new or find an existing person.
Click on the Identification number to select a particular person.
Bind loan contract to person. Find an existing loan contract.
Click on the Contract number to select a loan contract that requires suretyship.
Enter the suretyship limit amount and description > Create.
To create a collateral agreement with asset:
Collateral > Create collateral agreement.
Click Asset to add a new one or find an existing asset.
Click on the particular Asset ID to select the asset.
Search for the loan contract that requires an asset.
Click on the Contract ID to select a loan contract that requires an asset.
Click Create.
See more information about .
A selected asset class may offer/ require submitting additional custom fields, if this feature is configured for a client. See the chapter for more information.
See more information about .
See more information about .
See more information about .
See more information about .
See more information about .
Creating or selecting an or person.
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If you add an asset to a loan application/offer, the collateral agreement is automatically created and connected to the particular loan contract when the loan offer is accepted. In this case, you can a collateral agreement and it.
or .
or .
Note that Agreement details section is custom and can be configured according to the needs of your organisation. See more in the .
There are different ways of finding collateral agreement:
Collateral > Search agreements.
Fill in the search parameters > Search.
Click the Agreement ID to access the collateral agreement details.
Access asset details page.
Scroll to the Collateral agreements section.
Click the Agreement number to access the collateral agreement information.
Access the loan contract details.
From the content menu choose Collateral.
Click the Agreement number to access the collateral agreement details.
Access the person details.
From the content menu choose Collaterals.
Click the Agreement number to access the collateral agreement details.
If the borrower is applying for secured loans, such as mortgage or vehicle loans, the loan must include collateral assets.
An asset can be added to a loan application or loan offer.
When a loan offer is accepted, and there is an asset related to an offer, then a collateral agreement is automatically created with a loan contract.
If a loan offer is accepted and there is no related asset, you can create a collateral agreement manually and add it to the loan contract.
In this guide, you will find information on how to manage the assets and collaterals in the BackOffice:
To edit an existing collateral agreement:
On the collateral agreement page, you can modify some of the following parameters:
Collateral agreement number,
Collateral amount,
Pledge amount,
Suretyship limit,
Also, you can add or remove:
Collateral,
Collateral usage,
Suretyship.
You can only modify and add usages until the collateral agreement is signed.
To sign a collateral agreement you need to open it. You can open the collateral agreement via the Collaterals, Loans menu, Person module and Asset details.
It is only possible to sign a collateral agreement in the Preparing status only.
To discard a collateral agreement you need to open it. You can open the collateral agreement via the Collaterals or Loans menu:
You can close the collateral agreement in the signed status only.
To discard a collateral agreement you need to open it. You can open the collateral agreement via the Collaterals, Loans menu, Person module and Asset details.
You can discard the collateral agreement in the preparing status only.
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that is used as a collateral.
that is bound to some collateral through agreement.
who is an owner of some collateral asset or is related as a suretyship to any agreement.
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Modify the collateral agreement by clicking the icon.
(if there are related custom fields to the collateral agreement).
that is used as a collateral.
Access asset details page.
Scroll to the Collateral agreements section.
Click the Agreement number to access the collateral agreement information.
Click the Sign agreement button.
Select the Signing date. If required, you can add notes and documents > Sign.
that is used as a collateral.
Access asset details page.
Scroll to the Collateral agreements section.
Click the Agreement number to access the collateral agreement information.
Click the Close agreement button.
Select the Closing date and Closing reason. If required, you can add a comment > Close.
Note that the Closing reason parameter is a . You can manage its values by going to Administration > Settings > Lookups > COLLATERAL > Collateral agreement. Choose lookup type CLOSE_REASON.
that is used as a collateral.
Access asset details page.
Scroll to the Collateral agreements section.
Click the Agreement number to access the collateral agreement information.
Click the Discard agreement button.
Select the Discarding reason. If required, you can add a comment > Discard.
Note that the Discarding reason parameter is a . You can manage its values by going to Administration > Settings > Lookups > COLLATERAL > Collateral agreement. Choose lookup type DISCARD_REASON.
To add custom fields related to assets/collateral agreements, go to:
Administration > Settings > Custom fields.
From the content menu, choose Collateral > Asset or Collateral agreement.
Click Add field set to add a new field set.
Click Add field to create new fields inside of existing field sets.
To add lookups for assets/collaterals, go to:
Administration > Settings > Lookups.
From the content menu, choose COLLATERAL and select the required lookup category:
Asset,
Asset class,
Asset evaluation,
Asset insurance,
Asset liability,
Asset ownership,
Collateral agreement,
Collateral type,
Real estate,
Vehicle.
Once on the lookup page, select required lookup type and click the plus icon to add new lookup values.
When setting up assets and loans you can create and add to be able to add your customised values.
For more information about custom fields, see the .
For more information about lookups management, see the .
