Collateral and Collateral Right
Every loan contract in T24 can be covered using a Collateral. The Collateral details are stored in the file COLLATERAL. The Collateral is independent of the Loan. The file which connects a Collateral to a Loan is COLLATERAL.RIGHT.
There are two ways a Loan can be attached to the COLLATERAL.RIGHT.
Way 1:
Creating a new record in the file COLLATERAL.RIGHT and entering the Loan contract ID in the field LIMIT.REFERENCE of the COLLATERAL.RIGHT. This is the process of attaching a Collateral to a loan without limit.
Way 2:
Creating a new record in the file COLLATERAL.RIGHT and enter the Limit reference of the Loan contract in the field LIMIT.REFERENCE of the file COLLATERAL.RIGHT. In this case the system will identify the LIMIT.
When we create a loan contract the system will by default create a record in LIMIT application for the customer as per the limit reference of the Loan contract. This will happen if the parent limit line is created for the customer. In case if the parent line is absent the system will throw the override NO LINE ALLOCATED.
The parent will be a record in LIMIT for the customer with limit reference as 1000. But on committing the loan contract the system will create a parent line and a limit record as per the limit reference of the loan for the customer automatically.
So we have to check the limit reference of the loan. Read the concat file CUSTOMER.COLLATERAL to get all the collateral rights. For each collateral rights, check whether the current limit reference is present in the field LIMIT.REFERENCE. In case the limit reference is present then the COLLATERAL records pertaining to that COLLATERAL.RIGHT will cover that loan.
The COLLATERAL.RIGHT cover all the loan of the Customer with that particular limit reference.
How to identify the Collateral Rights or Collateral that are attached to a particular Loan:
If a loan contract id is attached directly to the Collateral Right, then the file EB.CONTRACT.BALANCE of that loan is updated with the Collateral Right ID in the COLLAT.RIGHT.
In case for the way 2, we need to frame the limit ID from the Limit reference of the loan and to read the application LI.COLLATERAL.RIGHT. This concat file will hold the collateral rights linked to a limit.
From the obtained Collateral rights the Collateral records can be obtained using the concat file RIGHT.COLLATERAL
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