Introduction to Limit and Collaterals

This module provides and maintains various limits for the customer. It also captures the revoke type information for the limit and links the collaterals based on the loan facilities.

When an account is pledged as collateral, the system freezes the required amount automatically based on the frozen amount mentioned in the collaterals. The system also allows the use of the guarantor as collateral.

This functionality enables banks to validate the locked events in the collaterals during the updates and reversal of the collaterals details. New versions and enquiries have been introduced as part of this module to allow the handling of the collaterals locked events.

The following items have been introduced as part of this module:

• The Revoke Type field has been added to the LIMIT application to indicate the revocation type of the limit. The available options in this field are Conditional Revocable and Not Revocable.
• The LIMIT,CNLICO.SECURED.JNT version has been introduced as part of this module to define a secured limit with revoke type information.
• The LIMIT,CNLICO.UNSEC.JNT version has been introduced as part of this module to define an unsecured limit with revoke type information.
• The LIMIT,CNLICO.NAU.JNT version has been introduced as part of this module to authorise a limit with revoke type information.
• The LIMIT,CNLICO.MAINTAIN.JNT version has been introduced as part of this module to allow the amendment of a limit in real-time with revoke type information.
• The COS LIMIT.REJECT.CNLICO composite screen has been introduced as part of this module to display and modify the rejected limits with revoke type information.
• The COS JNTLIMIT.AMEND.CNLICO composite screen has been introduced as part of this module to display and amend or reverse the limits with revoke type information.
• The COS JNTLIMIT.AUTH.CNLICO composite screen has been introduced as part of this module to display the unauthorised limits and authorise or delete a limit with revoke type information.
• The COLLATERAL,CNLICO.INP version has been introduced as part of this module to generate an event in the AC.LOCKED.EVENTS application to freeze the pledged amount.
• The COS COLLATERAL.AUTH.CNLICO composite screen has been introduced as part of this module to display, authorise and delete the unauthorised collateral records with frozen funds and guarantor information.
• The AC.LOCKED.EVENTS,CNLICO.INP version has been introduced as part of this module to amend the collateral's locked amount details in the AC.LOCKED.EVENTS application.
• The CNLICO.AC.LOCKED.AMT enquiry has been introduced as part of this module to display a list containing the locked events created from collaterals in the AC.LOCKED.EVENTS application.
• The CNLICO.AC.LOCKED.AMEND enquiry has been introduced as part of this module to display a list of collateral's locked amount details in the AC.LOCKED.EVENTS application for amendment.
• The COLLATERAL,CNLICO.API.CREATE.TRANSACTION.1.0.0 version, provided with an API, is used to create a pledged collateral by specifying the account number linked to the collateral or guarantor collateral by specifying the guarantor for collateral.
• The COLLATERAL,CNLICO.API.UPDATE.TRANSACTION.1.0.0 version, provided with an API is used to update a pledged collateral by specifying the account number linked to the collateral or guarantor collateral by specifying the guarantor for the collateral.
• The COLLATERAL,CNLICO.API.APPROVE.TRANSACTION.1.0.0 version, provided with an API, is used to approve a pledged or guarantor collateral.
• The CNLICO.API.UNAUTHORISED.COLLATERAL.RECORDS.1.0.0 enquiry, provided with an API is used to retrieve the list of pledged/unpledged collaterals pending for approval.
• The LIMIT,CNLICO.API.CREATE.TRANSACTION.1.0.0 version, provided with an API is used to create a limit with revoke type information.
• The LIMIT,CNLICO.API.UPDATE.TRANSACTION.1.0.0 version, provided with an API, is used to update an existing limit with revoke type information.
• The LIMIT,CNLICO.API.APPROVE.TRANSACTION.1.0.0 version, provided with an API, is used to approve a limit with revoke type information.
• The CNLICO.API.AUTHORISED.LIMIT.RECORDS.1.0.0 enquiry, provided with an API is used to retrieve the list of limits with details like customer and liability.
• The CNLICO.API.REJECTED.LIMIT.RECORDS.1.0.0 enquiry, provided with an API is used to retrieve the list of rejected limits which require additional information.
• The CNLICO.API.UNAUTHORISED.LIMIT.RECORDS.1.0.0 enquiry, provided with an API is used to retrieve the list of limits pending for approval with details like customer and liability.
• The AC.LOCKED.EVENTS,CNLICO.API.UPDATE.TRANSACTION.1.0.0 version, provided with an API is used to update a locked event which is linked to a collateral. Values like locked amount and lock period can be updated.
• The CNLICO.API.LOCKED.EVENTS.DETAILS.1.0.0 enquiry, provided with an API is used to retrieve the list of locked events and its collateral details. These locked events were created as a result of account is pledged for collaterals.