Clareti Banking
Lending Functionality: Collateral Security Register
The Collateral Securities Register is available for all types of loans. It delivers a means of recording the details of all collateral taken in support of loans and extensive reporting to support registration of collateral, renewals and ultimately release of the security.
Each piece of collateral held has fields associated with it that deliver all the information that staff and management require to effectively manage this most important activity. This includes:
Customer
Description of the collateral
Location held (for example, security may be lodged at one branch to support a loan at another)
Date lodged
Expiry date of the collateral
Currency - In the event that the currency of the collateral is different from the loan it supports, the system will automatically convert the collateral value to the currency of the loan and show both the currency of the collateral item and its converted value
Current valuation
Available value (i.e. portion of the collateral available for further loans
Any item of collateral held may be used to provide support for one or more loans if required.
A variety of reports for both users and management are available and others can be easily implemented to meet the specific needs of your organization.
Lending Functionality
