Banks & Finance companies across the globe are facing tougher times with mounting competition, stricter regulatory requirements for provisioning norms & pressure on margins due to mounting bad debts. The Indus Collateral management module is a central repository to home all the collateral related information across the financial organization. The module facilitates capture of all demographic, valuation & insurance related information about collaterals.
Highlights
Definition of multiple types of Collaterals, related attributes for each collateral & the relationships between the owners & the lines of exposure.
Updation of information on each collateral type.
Updation of valuation details at periodic frequencies.
Append single collateral to multiple loans & vice-versa.
Percentile allocation of the value of a collateral tagged to a loan.
Append multiple documents & documents sets to a collateral.
Classification of documents as mandatory / non-mandatory. Document receipt can be updated in the application.
Track movement of the documents within users using designated workflows & approval matrices.
Track expiration & renewal of Insurance policies for collaterals.
Update regulatory provisions & requirements like Registration of charges & details in case of corporate borrowers.
Exhaustive MIS – Linkage of Collaterals with Loans & percentile value utilization, Shortage of Cover, Tracking Movement of Documents & Status.
Aggregation of all the collaterals across different loan products / customers in a central application.
Linking one collateral to multiple lines of exposure & vice-versa.
User configuration of fields to capture information w.r.t. diverse attributes for each collateral type.
User configuration of workflows to map the bank’s protocols for tracking movement of documents.
Option to update valuation at pre-defined frequencies & trigger revaluation / provisioning in case of erosion in the value of the collateral.
The Indus Collateral management module is a central repository of all the collaterals pertaining to the organization. This module facilitates capture of all collateral information related to demography, valuation & insurance.
