Where it usually breaks
And how to keep it from happening.
- A disbursement is resent after a timeout and the borrower is funded twice.
- A repayment is allocated beyond the amount received.
- A repayment notification is imported twice.
- Trade Finance Platform
- Process
- Loan disbursement to repayment
Loan disbursement to repayment
Open a trade loan from approved terms, disburse it once, generate the schedule and allocate repayments.
Step by step
-
Open the loan account Credit Officer
Credit Officer opens the account from the approved principal, rate and term.
- Account Approved
- Updates Loan accounts, Loan applications
-
Disburse Credit Officer
Credit Officer submits the disbursement under a stable operation key. It is recorded only when the provider's outcome is verified, and the account becomes Active.
- Account Active
- Updates Disbursements, Loan accounts, Operation receipts
-
Generate the schedule Credit Officer
Credit Officer generates numbered installments with due dates and principal, interest and fee due, as version 1.
- Schedule version 1
- Updates Repayment schedules
-
Service repayments Loan Servicing Officer
Loan Servicing Officer imports each verified repayment once and allocates it by principal, then interest, then fee.
- Installments paid
- Updates Repayments, Repayment allocations
-
Watch arrears Loan Servicing Officer
Loan Servicing Officer marks loans in arrears Delinquent and raises them with the Credit Approver.
- Account Delinquent
- Updates Loan accounts
-
Close Loan Servicing Officer
When every installment is paid, the loan account is Closed.
- Account Closed
- Updates Loan accounts
Who does what
Roles and permissions- Credit Officer
- , Loan Servicing Officer, Credit Approver.
Set up Trade Finance Platform your way.
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