23 Acceptance for Guarantee/Stand By LC Amendment/Cancellation

This topic provides the systematic instructions to search and view the Guarantee Amendments done under guarantee in the application.

User can search Guarantee Amendments done under guarantee. The user can accept / reject amendments for Inward / Outward Guarantee.

To search and approve the discrepancies in Inward Guarantee:

  1. From the Dashboard, click Menu, then click Trade Finance, and then Bank Guarantee/Stand By LC. Under Bank Guarantee/Stand By LC, click Inward Bank Guarantee/Stand By LC and then click Inward Guarantee/Stand By LC Amend Acceptance.
    The Acceptance for Guarantee/Stand By LC Amendment/Cancellation screen appears.

    Figure 23-1 Acceptance for Guarantee/Stand By LC Amendment/Cancellation


    Description of Figure 23-1 follows
    Description of "Figure 23-1 Acceptance for Guarantee/Stand By LC Amendment/Cancellation"

    For more information refer to the field description table below:

    Table 23-1 Acceptance for Guarantee/Stand By LC Amendment/Cancellation - Search Result Field Description

    Field Name Description
    Related Party Specify the Related Party name to filter the LC by Party Name.
    Search Specify the search criteria to search the guarantee amendments.
    Search Results This section displays the filter results.
    Amendment Number Displays the amendment number of the Inward Guarantee.
    Product Name Displays the product of the guarantee for which amendment acceptance is required.
    Applicant Name Displays the name of the applicant of the Inward Guarantee.
    Guarantee Number Displays the Inward Guarantee number against which amendment acceptance is required.
    Undertaking Amount Displays the undertaking amount for the Inward Guarantee.
    Equivalent Undertaking Amount Displays the equivalent undertaking amount for the Inward Guarantee.
  2. Specify the filter criteria, if required.
    The Acceptance for Guarantee/Stand By LC Amendment/Cancellation screen appears with the search results.
  3. Select the required Amendment Number record.
  4. Perform one of the following actions:
    • Click Approve to approve the amendment.
    • Click Reject to reject the amendment.
    • Click Cancel to cancel the transaction.

      The Dashboard appears.

    The Review screen appears.
  5. Verify the details, and click Confirm.
    The success message Guarantee Amendment Acceptance appears along with the reference number.
  6. Click on the desired View link to view the guarantee amendment details. The View Guarantee Amendment details screen appear.