Account Classification Code 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:-

Account Classification Code List (Panel)

Code

This is the performing and non-performing account classification code, e.g., SA and SM.

Description

This is the name of a performing and non-performing account classification code, e.g., Standard and Special Mentioned.

Category

This is to indicate whether a particular account class belongs to the following categories of loans or credit facilities:-

The options, are as follows:-

  • PL - Performing Loan

  • PO - Potential

  • NP - Non-Performing Loan

CB Class

This is the Central Bank’s account classification code that has been mapped to a certain bank’s or financial institution’s account classification code.

Suspend Income

This indicates whether to suspend the impacted credit facility accounts, in the event that those account falls into a particular account classification.

Note:

  • Checked check box (This refers to 'Yes' as to suspend the income for the particular account class and raise a different accounting entries)

  • Uncheck check box (This refers to 'No' as not to suspend the income for the particular account class and do not raise a different accounting entries)

Severity

This is the risk severity level to be associated with the respective credit facility account’s class, e.g., 1 - the least risk severity and 5 - has greater risk severity.

Remarks

This is the summary of the respective account classification maintained for used in system, and its auto inserted and displayed.

Examples:

DPD: 121 /Provision: 90% / Reclass DPD ⇐ : 90 DPD: 150 / Provision: 100% / Reclass DPD ⇐ : 120
Account Classification Code Details (Pop-up Window)

Code

This is the performing and non-performing account classification code, e.g., SA and SM.

Description

This is the name of a performing and non-performing account classification code, e.g., Standard and Special Mention.

Category

This is to indicate whether a particular account class belongs to the following categories of loans or credit facilities:-

The available options, are as follows:-

  • PL - Performing Loan

  • PO - Potential

  • NP - Non-Performing Loan

CB Class

This is the Central Bank’s account classification code that is to be mapped or has been mapped to a certain bank’s or financial institution’s account classification code.

Some examples, are as follows:-

  • BD - Loss

  • DF - Doubtful

  • SA - Standard

  • SM - Special Mention

  • SS - Substandard

Note: The possible central bank classification codes that can be selected for this field, are dependent on the respective central bank’s regulations.

Suspend Income

This indicates whether to suspend the impacted credit facility accounts, in the event that those account falls into a particular account classification.

The available options, are as follows:-

  • Yes (The account will be suspended for a particular account classification)

  • No (The account will not be suspended for a particular account classification)

Severity

This is the risk severity level to be associated with the respective credit facility account’s class, e.g., 1 - the least risk severity and 5 - has greater risk severity.

Up To Day Past Due

This is the maximum number of days to class the respective credit account to an account class, e.g., < 30 days - Standard, and < 90 days - Special Mention. For 2nd class onwards, the starting count of days of the Days Past Due (DPD), is the ending count of days of DPD from previous class.

Provision

This is the specific provision for debts (in percentage), e.g., 10%, to be provided for the accounts under the respective classification.

Reclass when Day Past Due ⇐ This Value

This is the number of past due days or less condition that has to be met to reclass the credit accounts within the respective classification.

Created By

This is the User ID of the user who has created the account classification code.

Created On

This is the date the account classification code has been created.

Updated By

This is the User ID of the user who has updated the details of the account classification code.

Updated On

This is the date the details of the account classification code has been updated.