Approving Credit Facilities

Credit facility records in Draft status must be approved in order to add utilizations to it. The record's status can be changed to Approved by users with credit facility approval competencies.

To approve a credit facility:

1. Log into FintechOS Portal with a user with credit facility approval competencies.

2. Access Main menu > Approval Tasks > My Approval Tasks to view your list of approval tasks.

3. Find the desired Credit Facility record in the Approval Tasks List page and double-click it to open.
   
   

4. Click the Approve button.

Follow the steps described on the Approve Workflow Transitions page for more detailed instructions.

After approving a credit facility, users cannot edit the record's details, but they can add utilizations to it within the Credit Facility Utilizations tab. If you need to alter the credit facility's details, create a new version based on the current credit facility.

For more details, read about user competencies and workflow transition approvals.