Hierarchical Limits
ExpressCredit provides for a series of lines and sublines, which can be managed with hierarchical limits.
Shadow Credits
ExpressCredit provides the real-time blocking of credit lines using shadow credits, which are released from the processing floor by operators at key junctures. Shadow entries remain until the final credit transaction is approved, or they may be released.
Non-allocated Lines
Where customers’ lines are not allocated for a specific product, ExpressCredit can produce offering tickets, which can be routed for approval within the organization.
Credit Workflow
Offering tickets can be routed to appropriate officers within the bank and approved with simple push button actions. Further, multiple tickets can be produced to provide information to other departments within the bank.
Sublimit Expiry Dates
Sublimits may include expiry dates that prevent the customer from utilizing credit after a specified time.
Integration with CL Systems
ExpressCredit integrates with Commercial Loan systems thereby connecting real-time to the bank’s system of record.
Cash Collateral
Cash collateral can be used with all credit transactions.