Collection and Processing agents are appointed as per the facility agreement entered between the Lender and Borrower with an aim to monitor that the payments are made as per the agreement and taking necessary steps in case of any default.

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Scope of Service

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• Opening Collection and Payment Account with designated bank;

• Ensuring the payments are made to the lender as per the timeline stipulated in the documents;

• Sending mail and following up with borrower for making the payment;

• Preparing summary and sharing the data with Lender on the date of payment;

• Invoking the Guarantee provided by the Guarantor in accordance with the agreement and making the payment to the lender;

• Coordinating with the Rating agency and sharing necessary information with them;   of report and solving query of Assignee.