Client Maintenance / Client Parameters / Collateral Reserves

Collateral Reserves

The collateral reserve calculations is usually calculated under additional BBC calculations, this amount will be deducted from the individual collaterals or from the total BBC availability of the borrower.

This screen allows you to set up additional collateral types with the associated advance rate, value, and reserve limit.

Navigation: Client Maintenance → Client Parameters → Collateral Reserves

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Fields and Descriptions

To setup a new collateral reserve, perform these steps:

1. Click the  button to create a new record.

2. In Collateral field, select the collateral name from the drop-down list

3. Enter the description of the Reserve.

4. Enter the Advance %.

5. Enter the Value of the Reserve.

6. In Based On column, select any one of the option from the drop-down list.

If user selects Based On option as Credit Line or Total Available for Advance or Total Collateral, then the system displays the Calculated By option in disable mode.

7. In Calculated By column, select any one of the option from the drop-down list.

8. In Reserve % column, enter Collateral Reserve % value.

9. Click the  button. The new collateral reserve is setup in the application. You can also add multiple collateral reserves. You can edit, delete, and export the details as required.

You can add the either reserve limit (%) or advance rate (%). If both the values are added for a particular collateral type, an error popup appears.

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• After selecting Total Available for Advance option on Based On column, the Total AR Reserves are calculated as follows,

Total AR Reserves = Total AR Available for Advance x %declare on collateral Reserves screen.

• After selecting Total Available for Advance option on Based On column, the Total Inventory Reserve is calculated as follows,

Total Inventory Reserve = Total Inventory Available for Advance x %declare on collateral   Reserves screen.

• After selecting Total Available for Advance option on Based On column, the Total Other Collateral Reserve is calculated as follows,

Total Other Collateral Reserve = Total AR Available for Advance x %declare on collateral   Reserves screen.

• After selecting Available for Advance option on Based On column, the Total Reserves are calculated as follows,

Total Reserves = Total Collateral value x %declare on collateral Reserves screen.

To search the collateral reserve, perform these steps:

1. From the Collateral Type drop-down, choose a collateral type.

2. Click the  button to search the record. A Search page appears.  

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3. Populate all the fields as required.

4. Click the  button to search the collateral reserve based on the selected options. (Or)

5. Click the  button to reset the fields that you have selected.

To export the collateral reserve data, perform these steps: 

1. Click the  button to export the collateral reserve data.

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2. Click  button to export the collateral reserve date in an excel format. A pop-up message “Do you want to open or save collateral_reserve.xls from cyncsoftware.com?” appears.

3. Click Open if you want to open the extracted collateral reserve data or click Save. The collateral reserve data is extracted in an excel format.

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