22 View Inward Guarantee/Stand By LC

This topic provides the systematic instructions to search, view and download the details of existing View Inward Guarantee/Stand By LC in the application.

A guarantee from a lending institution ensures that the liabilities of a debtor will be met. In other words, if the applicant fails to fulfil a commitment, the lending institution will cover it. A Bank Guarantee enables user to show more credibility while doing business.

This option allows you to search for guarantees based on a certain search criterion. It allows you to view a list of Bank Guarantees (also called Inward Guarantee) for the selected customer. Details of an individual guarantee can be viewed and Exported in various formats.

Note:

Whenever the API services are called by the OBDX, then OBTF pass only those incoming and outgoing SWIFT messages details that are flagged as External by the bank in the “Trade Finance Message Type Maintenance” screen.
Pre-requisites
  • User must have a valid corporate party Id and login credentials in place
  • At least a single Inward Guarantee should exist for the party ID and party must having view rights for it
  1. From the Dashboard, click Menu, then click Trade Finance, and then click Bank Guarantee/Stand By LC. Under Bank Guarantee/Stand By LC, click Inward Bank Guarantee/Stand By LC and then click View Inward Guarantee/Stand By LC.
    The View Inward Guarantee/Stand By LC screen appears.

    Figure 22-1 View Inward Guarantee/Stand By LC


    Description of Figure 22-1 follows
    Description of "Figure 22-1 View Inward Guarantee/Stand By LC"

    This topic contains following sub-topics: