B7. Insurance, security and other case evidence
Some evidence is recorded in special records rather than as a condition. The case page has Record controlled case evidence, which offers 28 record types. Each record is kept on the case and appears in a cross-case register.
The 28 record types, grouped
- Parties and agreements (6): condition precedent; collateral or security; insurance policy; executed financing agreement; special purpose vehicle; public-private partnership structure.
- Money schedules (7): disbursement schedule; repayment schedule; recognise repayment arrears; restructuring request; recovery event; guarantee exposure; project co-financing commitment.
- Offtake (3): offtake agreement; offtake delivery obligation; delivery obligation status.
- Warehouse (2): warehouse receipt pledge; controlled release of a pledged receipt.
- Insurance claims (2): insurance claim; insurance claim decision.
- Projects (5): infrastructure or preparation project; project-preparation deliverable; project milestone; project milestone completion; project milestone progress and cost.
- Equity and performance (3): equity or venture-capital position; equity drawdown, distribution, valuation or exit; enterprise performance report.
Task B7.1: Record an insurance policy
Who can do this: staff who can record case evidence.
Before you start
- Have the policy certificate. In the walkthrough, the policy is an area-yield crop policy from NAIC covering the full ₦45 million, with the lender named as loss payee.
Steps
- Open the financing case and select Record controlled case evidence.
- Choose Insurance policy.
- Fill in the policy details on the form. For the walkthrough, the cover amount is ₦45,000,000 and the lender is named as loss payee.
- Record the policy reference. Document upload is not yet available (see B16), so keep the certificate in the bank's own filing.
- Submit the form.
- Go to the Insurance condition and select Record evidence decision, then Satisfied.
What happens next
- The insurance condition can be satisfied.
- The policy appears in the Insurance register.
Common problems
- The cover is less than the financed production cost: the rules require cover up to 100% of production cost (F-I). Record the correct cover, or request an exception.
Saved records
Executed agreements can never be changed. Other records should be treated the same way: once saved, correct them by adding a new record, not by editing the old one.