Creating Credit Facilities for Legal Entities

Credit facility records are created in FintechOS Portal, on the Credit Facility page. To create a new credit facility, click the Insert button on the top right side of the page. A new page opens, with a series of tabs that assist you in configuring the credit facility:

  • Credit Facility tab - The first tab requires the basic elements for the creation of a credit facility such as customer, facility amount and currency, period, attached customer limit, participants, products, plans, fees, and contract covenants.

  • Credit Facility Utilizations tab - This tab contains all the details of the credit facility such as facility utilizations, fee values, accruals and repayment notifications.

  • History tab - The last tab displays the versions of the credit facility, along with workflow status and the user who modified the product.

IMPORTANT!
After filling in all the mandatory details in the Credit Facility tab, the record is still in Draft status. Change its status to Send to Approved to send it for approval. You can add utilizations only for credit facility records with Approved status.