Introduction to Lending

Lending is part of the banking suite of products. The system provides a fully flexible lending functionality. CNMB allows lending products to be created with the following features:

• Full support for commitment processing.
• Unlimited interest types including penalty interest.
• Unlimited charge types.
• Fully support gov.’s regulatory requirements on normal lending areas and industries.
• Ability to capture the five-level classification information of a loan contract.
• Fully integrated rules based overdue and aging processing.
• Ability to amend, reverse or update arrangements back dated with full automatic recalculation and adjustment of contract.
• Ability to pay in and disburse the arrangement through any Temenos Transact application and channel.
• Allows the specification of a Temenos Transact account. As a result disbursal and repayment can be from.
• Accounts in any currency.
• Fully flexible repayment schedule.
• Flexible production of bills when repayments are due.
• Ability to overpay, underpay or pay late or early based on issued bills.
• Utilize rules based accounting allowing flexible configuration of entry or balance generation.