Batch User Guide produced by CRIF - Janata Bank
Batch User Guide produced by CRIF - Janata Bank Batch User Guide produced by CRIF - Janata Bank
Link of type Guarantor between Individual “2” and contract “1” (non instalment) 6 SPECIAL CASES AND EXCEPTIONS By the time you reach this section, you should have a clear understanding of the Batch process in general. There are, however, a series of “exceptions” and “special circumstances”. This paragraph aims at describing the correct way to contribute such special cases via batch. 6.1 Changes to Subjects linked to a Contract If during the life of a Contract, the set of Subjects related to such contract changes, the following actions can be taknen: If the Borrower on a specific Contract changes: you must contact CIB directly at the contacts provided in section 2.1 with proof of the new Borrower. If a Co-Borrower on a specific Contract needs to be removed: you must contact CIB directly at the contacts provided in section 2.1 with proof of the existing Co-Borrowers on the account. If a Guarantor on a specific Contract needs to be removed: you must contact CIB directly at the contacts provided in section 2.1 with proof of the existing Guarantors on the account. If a Co-borrower on a specific Contract must be changed to Guarantor or vice versa: you must contact CIB directly at the contacts provided in section 2.1 with proof of the existing Co- Borrowers and or Guarantors on the account. Only in the case of ADDITION of a Co-Borrower or of a Guarantor, you can simply send the new Subject with the specific role on a specific Contract and it will be added to the list of related Subjects to that Contract automatically. 6.2 Renounced/Refused credit applications Information relating to a credit line must be reported to CIB for its entire duration. Therefore, if the credit line is not granted or is abandoned by the borrower, this must be reported to the System. This will be done only once together with the regular contribution for the month in which it was Renounced by the Client or Refused by the FI. (See Paragraph 4.4). 6.3 SPECIAL CASES FOR INSTALMENT CONTRACTS 6.3.1 Contract with split and/or postponed drawdown In the case where the capital borrowed with an instalment credit is not drawn down at the moment in which the credit line is granted but afterwards, the credit line must be reported as Living with the date of the first capital drawdown and not before (for example not with the date that the credit line was granted). The borrowed capital which must be reported is that which is actually drawn down even if it is different from the amount reported in the contract signed by the customer. In the case where the drawdown is split, the amount reported in the monthly contribution is that which has been drawn down up to that reference month, i.e. the sum of the individual amounts already drawn down. 84 of 92
Please note: this does not apply to non-instalment loans or credit cards. In such cases, the contract is reported as Living from the moment the credit is granted, and the Total financed amount is the total amount of the credit, not the drawn down or utilized amount. 6.3.2 Contract with the first installment due date after the credit drawdown When an Instalment Contract is granted at time t(0), but the data client is asked to pay the first instalment after this time, at time t(1) (which could also be many months after the credit line drawdown), the Contract should be added and contributed as Living at time t(0) and the Expiration Date of Next Instalment as time t(1). The credit report will be updated monthly with the same information until time t(1) is reached, when the amortization plan comes into effect. Please note: this does not apply to non-instalment loans or credit cards. In such cases, the contract is reported as Living from the moment the credit is granted, and the Total financed amount is the total amount of the credit, not the drawn down or utilized amount. 6.3.3 Mortgages splitting The splitting of a mortgage occurs when a property, bought in its entirety by a client taking out a mortgage, becomes subdivided into parts and re-sold to more purchasers, each purchaser assuming a share of the mortgage which corresponds to the value of the assets purchased. It generally occurs when a construction company or cooperative borrows money for the construction of the property and then sells the single apartments, passing on the respective share of the mortgage to each purchaser. Generally, the mortgage that the construction company takes out has a delayed first installment due date with respect to the drawdown of the capital and may also have a split drawdown. For these cases the information is specified in the previous sections. Often the original mortgage is reduced gradually as the individual parts are sold, which generates new mortgages at the same time. This process is managed as follows: a) The original mortgage must remain active until the splitting process is complete. The Monthly Instalment Amount, Remaining Amount, and Overdue and not Paid Amount are reported as standard. b) At the moment in which an apartment is sold, a new mortgage is generated, which absorbs a proportion of the Total financed amount of the original mortgage and must be reported as a new contract. At the same time, the original mortgage must be reported and updated with a Total financed amount equal to [Total financed amount of the previous month – Total financed amount absorbed by the new mortgage] and with a Monthly Instalment Amount recalculated on the Remaining Amount. This process is repeated until a purchaser buys the final apartment and therefore the last new mortgage absorbs the remaining part of the original one. c) The original mortgage will close in advance, probably before an amortization plan is started. 6.3.4 Irregular payment behaviour Instalment contracts do not always follow a schedules with fix amounts of repayment at regular intervals. Whenever either the schedule of repayment or the amounts themselves follow an “irregular” pattern, we treat them as irregular payment behaviours. In such cases, our approach is to “regularize it” as much as possible through the use of specific fields, namely „Monthly Instalment Amount‟ , „Amount of Next Expiring Instalment‟ , and „Expiration Date of Next Instalment‟ . 85 of 92
- Page 33 and 34: and footer rows) Data Length 27 28
- Page 35 and 36: Please note that the order in which
- Page 37 and 38: The Column “TO” provides the po
- Page 39 and 40: 84 91 Date of Last Payment The date
- Page 41 and 42: Body for Record Type: Cards contrac
- Page 43 and 44: data belong 9 24 F.I. Subject Code
- Page 45 and 46: 108 117 Error Code See table errors
- Page 47 and 48: Q T C S Y I quarterly instalments-9
- Page 49 and 50: 034 Merchandise Export Commodities
- Page 51 and 52: 113303 Bangla Academy 113304 Bangla
- Page 53 and 54: 121710 Ansar-VDP Development Bank 1
- Page 55 and 56: 909299 Others 909100 Insurance Comp
- Page 57 and 58: BU MC BC BB MS TR PH MP MT FI BS PC
- Page 59 and 60: 2102 Electric / Electronic Goods (F
- Page 61 and 62: 8412 Chemicals (except Medicine) 84
- Page 63 and 64: EL SALVADOR EQUATORIAL GUINEA ERITR
- Page 65 and 66: NORWAY OMAN PAKISTAN PALAU PALESTIN
- Page 67 and 68: AWG AZN BAM BBD BDT BGN BHD BIF BMD
- Page 69 and 70: NIO NOK NPR NZD OMR PAB PEN PGK PHP
- Page 71 and 72: Jhalokathi Jinaidaha Joypurhat Khag
- Page 73 and 74: 4 053 Multiple headers in Subject f
- Page 75 and 76: 10 157 Total financed amount = [0]
- Page 77 and 78: 10 345 Contract refers to subject i
- Page 79 and 80: Company 1: Individual 2: 79 of 92
- Page 81 and 82: Contracts file: Non instalment Cont
- Page 83: Subject information for Proprietors
- Page 87 and 88: 31/03/2008 500,000 1,000,000 30/04/
- Page 89 and 90: epay a non instalment loan that is
- Page 91 and 92: - Contract Type = must be the same
Please note: this does not apply to non-instalment loans or credit cards. In such cases, the<br />
contract is reported as Living from the moment the credit is granted, and the Total financed<br />
amount is the total amount of the credit, not the drawn down or utilized amount.<br />
6.3.2 Contract with the first installment due date after the credit drawdown<br />
When an Instalment Contract is granted at time t(0), but the data client is asked to pay the first<br />
instalment after this time, at time t(1) (which could also be many months after the credit line<br />
drawdown), the Contract should be added and contributed as Living at time t(0) and the<br />
Expiration Date of Next Instalment as time t(1). The credit report will be updated monthly with<br />
the same information until time t(1) is reached, when the amortization plan comes into effect.<br />
Please note: this does not apply to non-instalment loans or credit cards. In such cases, the<br />
contract is reported as Living from the moment the credit is granted, and the Total financed<br />
amount is the total amount of the credit, not the drawn down or utilized amount.<br />
6.3.3 Mortgages splitting<br />
The splitting of a mortgage occurs when a property, bought in its entirety <strong>by</strong> a client taking out a<br />
mortgage, becomes subdivided into parts and re-sold to more purchasers, each purchaser<br />
assuming a share of the mortgage which corresponds to the value of the assets purchased. It<br />
generally occurs when a construction company or cooperative borrows money for the<br />
construction of the property and then sells the single apartments, passing on the respective<br />
share of the mortgage to each purchaser.<br />
Generally, the mortgage that the construction company takes out has a delayed first installment<br />
due date with respect to the drawdown of the capital and may also have a split drawdown. For<br />
these cases the information is specified in the previous sections.<br />
Often the original mortgage is reduced gradually as the individual parts are sold, which generates<br />
new mortgages at the same time.<br />
This process is managed as follows:<br />
a) The original mortgage must remain active until the splitting process is complete. The Monthly<br />
Instalment Amount, Remaining Amount, and Overdue and not Paid Amount are reported as<br />
standard.<br />
b) At the moment in which an apartment is sold, a new mortgage is generated, which absorbs a<br />
proportion of the Total financed amount of the original mortgage and must be reported as a new<br />
contract. At the same time, the original mortgage must be reported and updated with a Total<br />
financed amount equal to [Total financed amount of the previous month – Total financed amount<br />
absorbed <strong>by</strong> the new mortgage] and with a Monthly Instalment Amount recalculated on the<br />
Remaining Amount. This process is repeated until a purchaser buys the final apartment and<br />
therefore the last new mortgage absorbs the remaining part of the original one.<br />
c) The original mortgage will close in advance, probably before an amortization plan is started.<br />
6.3.4 Irregular payment behaviour<br />
Instalment contracts do not always follow a schedules with fix amounts of repayment at regular<br />
intervals. Whenever either the schedule of repayment or the amounts themselves follow an<br />
“irregular” pattern, we treat them as irregular payment behaviours.<br />
In such cases, our approach is to “regularize it” as much as possible through the use of specific<br />
fields, namely „Monthly Instalment Amount‟ , „Amount of Next Expiring Instalment‟ , and<br />
„Expiration Date of Next Instalment‟ .<br />
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