Asset Warehouse is a subsystem that supports and maintains all the items used by a Financial Institution as collateral. These items can be tangible or intangible and as diverse as house, plot, valuable item, boat, funds, life insurance, goodwill, etc. The information maintained includes details such as Asset identification, categorisation, expiration, financial data and owners.
The registered items in the Asset Warehouse can be pledged as Collateral for Credit Facilities provided by the Financial Institution. An Asset is registered only once, however it may be pledged in more than one Collateral Item, conditional on relevant financial criteria, and vice versa, a Collateral Item may consist of many Assets.
The Asset Warehouse and Collateral Subsystem are integral to the timely and accurate performance of the Financial Institution in recovering the non-performing funds, as the Financial Information and Relationships that are maintained by the System give a complete picture of the realisation of the underlying assets.