Collateral Management
Product Overview
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 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
- Audit Trail for transaction data
Benefits
- Helps map simple & complex relationships & registration between Owners & Credit Lines issued
- 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