3.4 Is-Guarantee and Stand By LCs

This topic describes the systematic instructions to process Is-Guarantee and Stand By LCs.

  1. On the Islamic Trade 360 Degree View screen, click Is-Guarantee and Stand By LCs tab.
    Is-Guarantee and Stand By LCs screen is displayed.

    Figure 3-4 Is-Guarantee and Stand By LCs


    Description of Figure 3-4 follows
    Description of "Figure 3-4 Is-Guarantee and Stand By LCs"
  2. On Islamic Trade 360 Degree View screen, under Is-Guarantee and Stand By LCs tab, specify the fields.
    For more information on the fields, refer to the below Field Description table.

    Table 3-4 Is-Guarantee and Stand By LCs - Field Description

    Field Description
    Contract Details Select the Contract Type from the drop down list and click Populate button to view the details. The options are:
    • Bank Guarantee Issued against Customer Request
    • Bank Guarantee Issued against Counter Guarantee
    • Bank Guarantee Advised
    • Shipping Guarantee Issued
    • Stand-by-LCs Issued
    • Stand-by-LCs Advised
    Islamic Guarantee Details Following details are displayed in this section.
    • Branch Code
    • Product Code
    • Product Description
    • Contract Reference Number
    • Currency
    • Contract Amount
    • Current Available Amount
    • Issue Date
    • Expiry Date
    • Applicant
    • Beneficiary
    • LC Reference No
    • Guarantee Type

    Select a record and click Details button to view the contract details in view mode.