COMMERCIAL provides a full range of features to track Lines of Credit from a simple line to very complex facilities with multiple tiers, relationships, and fees.

In COMMERCIAL a simple line of credit may be tracked by a single multi-draw facility. The line amount, available amount, loan balance, interest owing, assorted fees, and etc. are tracked in a single record. A more complex line of credit may be established using major commitments and related commitments within the same borrower or multiple borrowing entities, as in a line of credit to a holding company where the line is used by that parent organization and is used by multiple organizations within the holding company. In the latter scenario the draws on the line may be represented by individual loans, each having its own pricing options, due dates, and payment terms.

Within COMMERCIAL a line of credit may include the following functionality:

• Revolving or non-revolving attributes
• Fees
• Related Commitment/Parent-Sub functionality
• Multiple Billing Options
• ACH
• Availability Tracking
• Commitment Amount, In-use amount, and unused amount reporting to General Ledger
• Automatic, user-defined availability reduction over a predetermined time period during of the life of the facility
• Automatic Over-line Billing option.

Full transaction history for all monetary and non-monetary transactions is available.

A letter of credit may be sold to or purchased from another organization.

Collateral may be tracked at the line of credit level.

Robust line of credit reporting exists with COMMERCIAL in both online and offline reporting.

By using Shaw Systems’ online Customer Relationship Tree, the complete line of credit structure is readily available through one-click navigation.