Business Requirements Document (BRD)

Table of Contents

1. Introduction
2. Business Objectives
3. Project Scope
4. Stakeholder Analysis
5. Requirements
   • Functional Requirements
   • Non-Functional Requirements
6. Assumptions
7. Constraints
8. Risks
9. Glossary
10. Appendices
11. Approval

Introduction

The purpose of this document is to provide a comprehensive overview of the requirements for the design, build, and implementation of a fully functional (post-origination) commercial lending solution. This system will handle the booking and management of commercial loans, both bilateral and syndicated, throughout their lifecycle.

Business Objectives

The primary objectives of this project are:

• To develop and implement a system to book commercial loans.
• To manage commercial loans throughout their lifecycle, from setting up a facility through repayments of drawdowns to loan facility maturity.

Project Scope

In-Scope:

• Development of the system to book bilateral commercial loans.
• Development of the system to book syndicated commercial loans.
• Management of loans from facility setup through repayments and maturity.

Out-of-Scope:

• Loan origination processes.
• Integration with external financial systems unless specified.

Stakeholder Analysis

Internal Stakeholders:

• Project Sponsor: [Name]
• Project Manager: [Name]
• Development Team: [Names]
• QA Team: [Names]
• Finance Department: [Names]

External Stakeholders:

• Banks and Financial Institutions: [Names]
• Regulatory Bodies: [Names]

Requirements

Functional Requirements

1. Requirement ID: FR-001

   • Description: The system shall allow booking of bilateral commercial loans.
   • Priority: High
   • Source: Business Objective

2. Requirement ID: FR-002

   • Description: The system shall allow booking of syndicated commercial loans.
   • Priority: High
   • Source: Business Objective

3. Requirement ID: FR-003

• Description: The system shall manage loan facilities from setup through repayments.
• Priority: High
• Source: Business Objective

4. Requirement ID: FR-004
   • Description: The system shall manage loan facilities up to loan maturity.
   • Priority: High
   • Source: Business Objective

Non-Functional Requirements

1. Requirement ID: NFR-001

   • Description: The system shall ensure data security and compliance with regulatory standards.
   • Priority: High
   • Source: Stakeholder Requirement

2. Requirement ID: NFR-002

   • Description: The system shall provide a user-friendly interface for ease of use.
   • Priority: Medium
   • Source: Stakeholder Requirement

3. Requirement ID: NFR-003

• Description: The system shall be scalable to handle increased loan volumes in the future.
• Priority: Medium
• Source: Business Objective

4. Requirement ID: NFR-004
   • Description: The system shall ensure high availability with minimal downtime.
   • Priority: High
   • Source: Stakeholder Requirement

Assumptions

• The project team has the necessary resources and skills to develop and implement the system.
• Stakeholders will provide timely feedback and requirements to the project team.

Constraints

• Budget limitations may impact the scope and delivery timeline.
• Regulatory changes during the project may require additional compliance features.

Risks

• Risk: Delays in requirement gathering.

  • Mitigation: Regular stakeholder meetings to ensure timely feedback.

• Risk: Changes in regulatory requirements.

  • Mitigation: Continuous monitoring of regulatory changes and flexible design approach.

Glossary

• Bilateral Loan: A loan agreement between a single borrower and a single lender.
• Syndicated Loan: A loan offered by a group of lenders who work together to provide funds for a single borrower.
• Drawdown: The act of accessing funds from a loan facility.

Appendices

• [Appendix A]: Detailed User Stories
• [Appendix B]: System Architecture Diagram

Approval

• Prepared by: Steve
• Email: s.j.pollard@outlook.com
• Date: 10/16/2024
• Approved by: [Approver's Name]
• Date: [Approval Date]