Collateral System Statuses

A registered collateral has the following statuses:

• Draft - the status of a newly created collateral registration record that was not yet cleared to be used. While in this status, you can edit its fields. Change the status of the record to Active after editing all the necessary details in order to use it later in contracts.

• Active - the status of a collateral registration record after being authorized for usage in contracts.

• Owned - the collateral is being used by a contract. It is linked to a loan or any other secured product (overdraft, bank guarantee, etc).

• Released - the status of a collateral after closing the contract to which it was attached.