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 cas...