Use this sub module to capture the classification modes for your loans
To access this module: Credit Management -> Setup -> Risk Classification Modes.
The following screen will open up:
Click on the Add New button to open the following window:
On the above screen:
Name - define the name of the classification mode.
Negligible Balance - define an amount that will be disregarded as far as classification is concerned.
Can be left as 0.00
Risk classification details tab:
Days Past Due (Lower Limit) - Define the days due for each classification for example the lower limit for the performing category will be 1, watch 31 etc..
Classification - Select the classification from the drop down list.
Provisioning - Enter the provision percentage per the classification.
Click on the add button after defining a classification and repeat the above process till all the classification(s) are captured
Click the create button.
On successful completion you will get a pop up message confirming that the operation was successful.
Identify the Mode to be edited, right click on the mode and select the edit option.
The following screen will open up:
Make the necessary changes to the mode then click on the update button to save the changes into the system.
Truncate Decimals? - Select this flag to truncate decimals when checking arrears amounts.
Is Active? - Select this flag to activate the mode to be used to classify loans.
Is Locked? - Select this flag if the mode is no longer being used.
Click on the update button to save the changes made on the mode.
On successful completion you will get a pop up message confirming that the operation was successful.
Identify the risk classification to be viewed and right click on the on the mode to select the view option against the mode. The following screen will open up:
