Download Collateral Creation User Manual

Step 10.Collateral Perfection
You can register the collateral details either internally or through an external agency. On
acquiring, the task will move to the ‘Acquired’ list. Fetch the record from the ‘Acquired’ list. In
this stage you can capture the collateral registration details (‘ORDCOPER).
Collateral Perfection
Registration Authority
Specify the registration authority with which collateral is perfected.
Regn. Authority Contact Details
Specify the contact details of registration authority.
Perfection Date
Specify the date on which bank’s charge has been registered.
Confirmation Date
Specify the date on which you received confirmation of perfection.
Documents Status
Specify if the perfection documents are received from registration authority.
Notes
Specify notes, if any.
Step 11.Manual Retry
After successfully completing the collateral perfection stage, the details can be handed off to
ELCM module for collateral creation. At this stage, if any exceptions like, unavailability of
ELCM services, error while handing off to FCUBS occurs, then you can manually try the
process again.
2-39