The lending application components cater for multiple types of loans including:

• Fixed or variable rate
• Single or multi-currency
• Revolving or non-revolving credits
• Committed facilities
• Term loans
• Bullet loans
• Balloon loans
• Participations
• Secured or unsecured

A flexible product definition facility provides an easy mechanism for creating new lending products. These product definitions automatically apply default values on transactions as they are entered, reducing the time needed to capture individual loan details and ensuring consistency.

Real time risk management information is provided with details available at client, group, facility and loan levels. Limits may be expressed in any currency and overdrafts may also be taken into account when measuring exposure.

Flexible workflow features provide the ability to ensure that data entered is fully reviewed and authorised prior to any update of the system. The Lending application is fully integrated with activebank General Ledger, which will automatically generate all relevant accounting entries.

• Property
• Equities, bonds and other investments
• Guarantees
• Cash deposits
• Other assets

Values may be updated, either automatically or manually, to provide regular revaluation of the collateral. Risk weightings may be applied on any collateral to provide an assessment of the true worth of the security against the outstanding loan amount.

• Manual or automatic repayment
• Regular or irregular frequency
• Fixed principal, variable interest amount
• Constant repayment amount with reducing interest and increasing principle
• Same or different frequencies used for principle and interest payments
• Prepayments

All repayments due are closely monitored and rules can be set to deal with delinquency processing when a payment of interest or principal is missed or made late by the customer. This function includes the ability to apply penalty interest on any past due items and, where appropriate, non-performing loans may be transferred to a non-accrual basis, provisions raised and ultimately written off.

Lending schemes can be applied to micro-finance and mass lending markets where product ranges are packaged. These can be packaged for employers or direct marketing campaigns. An additional feature of these schemes is the ability to operate loan payments via direct salary deduction.

All customer contracts, advices, billings and statements are produced automatically at the desired time, according to pre-defined rules.