Collateral/Security Phase 2
When managing collateral and security within a loan, it is essential to know the current position within the loan. This ensures that the lender is not over exposed should any issues arise.
With commodity security types there are several factors that impact on the value of the collateral and/or security. This includes:
Goods evolving in the product life cycle
Goods being released
Changes in quality or quantity
After an easy method to manage and control collateral and security has been developed, a series of workflows and approvals will be implemented to better manage the work from a lender and operations side.