3.8 FAQs

  1. Can I create a Letter of Credit without providing Advising Bank Details?

    Yes, you can, but you will need to give the same later.

  2. What if I do not want to have any tolerance?

    Please put 0 in the fields under % and above %. By default application will take 10% tolerance, if no value has been provided which is in accordance to SWIFT guidelines.

  3. When should I create a draft and when should I create a Template?

    When you want to use the LC application again and again having the same, save it as template. While if you are leaving your create LC application to be filled at a later stage or usage on a later date, you can save it as draft.

  4. Can I initiate LC from my mobile device?

    Currently, you cannot perform any Trade Finance related transaction from mobile devices.

Parent topic: Initiate a Letter of Credit