User Stories
Table of Contents
- Introduction
- Purpose
- Scope
- User Stories
- Acceptance Criteria
- Definitions, Acronyms, and Abbreviations
- Appendix
- Approval
Introduction
This document outlines the user stories for the Commercial Loans project. The aim of the project is to design, build, and implement a fully functional post-origination commercial lending solution.
Purpose
The purpose of this User Stories document is to capture user requirements for the commercial lending solution in a simple and understandable format, ensuring that all stakeholders have a clear understanding of the system’s functionality.
Scope
The scope of this document includes the requirements for developing and implementing a system to book commercial loans, both bilateral and syndicated, and to account for such loans throughout their lifetime.
User Stories
User Story 1: Loan Booking
- As a: Loan Officer
- I want to: Book a new commercial loan into the system
- So that: The loan details are accurately recorded and managed throughout its lifecycle
Description
The system should allow loan officers to input all necessary details for a new commercial loan, including borrower information, loan amount, interest rates, and repayment schedule.
Acceptance Criteria
- The system should allow for the input of all relevant loan details.
- The system should validate the entered information for completeness and accuracy.
- Upon successful entry, the loan should be saved into the system and be available for future tracking.
Notes
N/A
User Story 2: Syndicated Loan Management
- As a: Syndication Manager
- I want to: Manage syndicated loans within the system
- So that: I can track and manage participation from multiple lenders
Description
The system should support the management of syndicated loans, including tracking the participation percentages of different lenders, disbursements, and repayments.
Acceptance Criteria
- The system should allow for the creation and management of syndicated loans.
- The system should track participation percentages and calculate each lender’s share of disbursements and repayments.
- The system should provide reporting capabilities for syndicated loans.
Notes
N/A
User Story 3: Loan Repayment Tracking
- As a: Loan Officer
- I want to: Track repayments of commercial loans
- So that: I can ensure timely and accurate repayment processing
Description
The system should allow loan officers to track and record repayments made by borrowers, updating the loan balance accordingly.
Acceptance Criteria
- The system should allow for the input of repayment details.
- The system should update the loan balance in real-time upon entry of repayment data.
- The system should generate alerts for overdue repayments.
Notes
N/A
User Story 4: Facility Setup
- As a: Loan Officer
- I want to: Set up a loan facility within the system
- So that: Multiple drawdowns can be managed under the same facility agreement
Description
The system should allow for the setup of loan facilities, including terms and conditions, and manage multiple drawdowns under the same facility.
Acceptance Criteria
- The system should allow for the input of facility details.
- The system should manage multiple drawdowns under a single facility.
- The system should ensure that the total drawdowns do not exceed the facility limit.
Notes
N/A
User Story 5: Maturity Management
- As a: Loan Officer
- I want to: Manage the maturity of loan facilities
- So that: I can ensure proper closure or renewal of the loan facility
Description
The system should track the maturity dates of loan facilities and provide options for closure or renewal.
Acceptance Criteria
- The system should track and display maturity dates.
- The system should provide options for loan facility closure or renewal.
- The system should generate alerts for upcoming maturities.
Notes
N/A
Acceptance Criteria
The general acceptance criteria for the user stories include:
- Accurate and complete data entry
- Real-time updates and tracking
- User-friendly interface
- Compliance with regulatory requirements
- Robust reporting capabilities
Definitions, Acronyms, and Abbreviations
- Loan Officer: A bank employee responsible for managing loan processes.
- Syndication Manager: A bank employee responsible for managing syndicated loans.
- Facility: An arrangement between a bank and a borrower allowing for multiple drawdowns.
Appendix
N/A
Approval
- Prepared by: Steve
- Email: s.j.pollard@outlook.com
- Date: 10/16/2024