Guarantees

Guarantees and mortgages contain deal input forms for entering all relevant deal information relating to the contingent liability. The instruments will follow the same rules and routines as for all other instruments with regard to analysis and reports, back office routines, accounting etc.

Guarantees and Mortgage types issued and received

• Parent company guarantees for subsidiary borrowing
• Bank guarantees
• Bearer guarantees
• Performance bonds and letters of credit
• Letters of comfort and letters of intent
• Mortgages on real estate

The deal input registration forms will follow the same principles for data entry as for all other instruments. I.e. portfolio codes, bank account management, account coding, link to other transactions etc.  The instruments will cover the following unique aspects of guarantee and mortgage management.

• Subsidiary, Counterparty, Beneficiary, Corresponding bank
• Guarantee line and issued amount within line controlled
• Issuing fee, periodic  fee and local fees in different currencies
• Bearer guarantee controls.
• Expiry date and final expiry date controls
• Fee calculations and account coding of all fees
• Linking of guarantees and mortgages to underlying loans or real estate
• Mortgages controlled within market values of real estate
• Report manager controls of all outstanding commitments with RM flexibility of design.

The module for guarantee management is a supplementary module in CRM Finance and is licensed as concurrent users, i.e. it can be used simultaneously for all users licensed to CRM Finance Base module.