Collateral Type

The Collateral Type dictionary is used to define the types of collateral used in the banking products' definition.

To manage collateral type records:

1. Log into Innovation Studio.
2. Click the main menu icon at the top left corner.
3. In the main menu, expand Product Factory > Banking Product Dictionaries menu.
4. Click the Collateral Type menu item to open the Collateral Type List page.
   

On the Collateral Type List page, you can:

• Add a new collateral type record by clicking the Insert button at the top right corner of the page.
• Edit an existing collateral type record by double-clicking it.
• Delete a collateral type record by selecting it and clicking the Delete button at the top right corner of the page.
• Search for a specific record by filling in any of the column headers of the displayed records list.

Creating Collateral Types

Follow these steps to create new collateral type records:

1. In the FintechOS Portal, click the Insert button on the top right side of the Collateral Type List page. The Add Collateral Type page is displayed.

   

2. Fill in the following fields:

   Field	Required	Data Type	Details
   Name	Yes	Text	The name of the collateral type.
   Code	Yes	Text	The code of the collateral type.
   Adjust Percent	No	Whole Number	The adjusted value of the collateral type. NOTE   When a collateral type is defined, you can set an adjustment percent. The adjustment percent is a customization applied for that collateral. Further, when a collateral is linked to a secured loan contract, its market value is automatically adjusted by Core Banking using the adjustment percent.
   Priority	No	Whole Number	The priority of the collateral type to be considered within a contract.

3. Click the Save and Reload button at the top right corner of the page.

4. In the newly displayed Banking Products section, you can see the banking products that have this collateral type associated, or you can add more banking products by clicking Insert.