Collateral Security Value Function - Fields Description

At this function, user will come across various fields or columns that needs to be maintained with relevant data.

The descriptions of the respective field or column, are as follows:-

Collateral Search Criteria (Panel)

Please Enter Search Value

This is the value to be used to search for credit applications. This is a data search criteria field.

Note: If the value inputted into this field is relating to Collateral Key or Reference No. or Prefer Collateral ID or Account No. or Customer Name, user can click the related criterion button, accordingly.

Collateral Key

This is the search criteria button to be clicked once, in order for system to search and retrieve the relevant collateral records.

Note: Click on this button if the value inputted at the 'Please Enter Search Value' search criteria field is related to existing collateral records.

Reference No.

This is the search criteria button to be clicked once, in order for system to search and retrieve the relevant collateral records.

Note: Click on this button if the value inputted at the 'Please Enter Search Value' search criteria field is related to existing reference number.

Prefer Collateral ID

This is the search criteria button to be clicked once, in order for system to search and retrieve the relevant collateral records.

Note: Click on this button if the value inputted at the 'Please Enter Search Value' search criteria field is related to existing collateral ID.

Account No.

This is the search criteria button to be clicked once, in order for system to search and retrieve the relevant collateral records.

Note: Click on this button if the value inputted at the 'Please Enter Search Value' search criteria field is related to existing account number.

Customer Name

This is the search criteria button to be clicked once, in order for system to search and retrieve the relevant collateral records.

Note: Click on this button if the value inputted at the 'Please Enter Search Value' search criteria field is related to existing customer name.

Collateral List (Pop-up Window)

Please Enter Search Value

This is the value to be used to search for credit applications. This is a data search criteria field.

Note: If the value inputted into this field is relating to Collateral Key or Reference No. or Prefer Collateral ID or Account No. or Customer Name, user can click the related criterion button, accordingly.

Collateral Key

This is the search criteria button to be clicked once, in order for system to search and retrieve the relevant collateral records.

Note: Click on this button if the value inputted at the 'Please Enter Search Value' search criteria field is related to existing collateral records.

Reference No.

This is the search criteria button to be clicked once, in order for system to search and retrieve the relevant collateral records.

Note: Click on this button if the value inputted at the 'Please Enter Search Value' search criteria field is related to existing reference number.

Prefer Collateral ID

This is the search criteria button to be clicked once, in order for system to search and retrieve the relevant collateral records.

Note: Click on this button if the value inputted at the 'Please Enter Search Value' search criteria field is related to existing collateral ID.

Account No.

This is the search criteria button to be clicked once, in order for system to search and retrieve the relevant collateral records.

Note: Click on this button if the value inputted at the 'Please Enter Search Value' search criteria field is related to existing account number.

Customer Name

This is the search criteria button to be clicked once, in order for system to search and retrieve the relevant collateral records.

Note: Click on this button if the value inputted at the 'Please Enter Search Value' search criteria field is related to existing customer name.

Collateral Key

This is the unique internal system generated reference number of a particular collateral, which disregards the collateral type, e.g., 563.

Reference No.

This is a system generated unique reference number of a particular collateral, which is pre-fixed with a collateral type code at the first and second digit, e.g., 01351 or 02351.

Account No.

This is the system generated unique reference number of a credit facility account that is related to a particular collateral.

Collateral Type

This is the category of the collateral and the collateral value (in collateral currency).

Some possible collateral types that can be displayed, are as follows:-

  • COLTYPJ - Jewelry

  • COLTYPM - Light Equipment

  • COLTYPN - Heavy Equipment

  • COLTYPO - Gadget

  • COLTYPL - Livestock

  • COLTYPU - Light Vehicle

  • COLTYPV - Personal Vehicle

  • COLTYPW - Heavy Vehicle

  • COLTYPP - Property

Customer Name

This is the name of a customer in the system that is related to a particular collateral.

Prefer Collateral ID

This refers to the user-defined search key for a collateral. For example, in a bank, it could be standard practice that all collaterals inputted in the system is to be traced to the related Customer ID. Therefore, during creation of the collateral, user will set up the value of the 'Preferred Search Key' = Customer ID for easy traceability.

Collateral Info (Panel)

Collateral Key/Ref

This is the unique internal system generated reference number of a particular collateral, which disregards the collateral type, e.g., 563.

Type

This is the category of the collateral, that is applicable to user and has been pre-mapped to system’s collateral category.

Description

This is the description of a collateral e.g., a unit of light industrial factory known as Lot 108, at Batu Tiga Light Industrial Park.

Secured

This refers to the credit facility account number, the system generated unique reference number of a credit facility account that is related to a particular collateral.

<Collateral Security Value> (Panel)

Val. Date

This refers to the date on which a valuation has been performed for a collateral.

Type

This is the type of valuation conducted on the collateral.

The possible values that can be displayed are as follows:-

  • DK-Desktop

  • FM-Formal

Security Value

This is the worth of the collateral, which is usually mentioned as the open market value at the property valuation report.

Next Val. Date

This refers to the date on which the next valuation will take place.

Valuer

This refers to the name of the firm who has conducted the valuation of a collateral.

Collateral Security Value Details (Panel)

Valuation Ccy

This is the currency in which a collateral has been valued.

Security Value

This is the worth of the collateral, which is usually mentioned as the open market value at the property valuation report.

Realisable Value

This is the actual value held by the collateral or the estimated rental value or forced sale value of a collateral, which is usually the marked down or discounted value at the property valuation report.

Valuation Type

This is the type of valuation conducted on the collateral.

The possible values that can be selected, are as follows:-

  • DK-Desktop

  • FM-Formal

Valuation Date

This refers to the date on which a valuation has been performed for a collateral.

Valuer

This refers to the name of the firm who has conducted the valuation of a collateral.

Open Market Value

This refers to the market price or worth of a collateral.

Remarks

This refers to the brief description relating to a collateral valuation.

Reference

This refers to the reference number of a collateral security valuation.

Valuation Freq

This refers to the frequency of time series for next valuation, e.g., H - Half Yearly or Y - Yearly.

Next Valuation Date

This refers to the date on which the next valuation will take place.

Valid until

This refers to the expiry date of the valuation.

Agent LOV (Pop-up Window)

Search

This is the keywords to be used to narrow down the list of valuers (where agent type = valuer) created in system. This is a data search criteria field.

Agent Code

This is the code associated with an agent valuer created in system.

Agent Name

This is the name of an agent valuer created in system.

  • This window will pop up after user has mouse over the 'Valuer' field, located at the 'Collateral Security Value Details' section, and press once on the 'Enter' key on the keyboard.

  • The purpose of this window is to allow user to select the relevant agent valuer.