Collaterals that are pledged to the financial institution are usually been insured (e.g., upon insurance premium paid, new policy will be issued) and in some cases will be subject to certain tax (e.g., vehicle will be subjected to road tax and once paid, there will be a road tax sticker issued).

Seemingly, collaterals may have a list of related documents that is required to be obtained from the borrowers or customers or the chargors, from time to time, to ensure the legality and validity conditions of the respective collateral.

As such, this function will come in handy to allow user to monitor the validity of each document attached to a collateral, especially during the time of periodic credit review, and the time of credit application processing for additional credit facility.