This topic provides the systematic instructions to define the Bills and Collections product details and capture Bills and Collections Product Definition details.

1. On the Homepage, type BCDPRMNT in the text box, and click the next arrow.
   Bills and Collections Product Definition screen is displayed.

   Figure 3-1 Bills and Collections Product Definition

   
   
   Description of "Figure 3-1 Bills and Collections Product Definition"
   
2. On the Bills and Collections Product Definition screen, click New
3. On the Bills and Collections Product Definition New screen, specify the basic information relating to a BC product such as the Product Code, Description, etc.
4. Click Save to save the details or Cancel to close the screen; OR Click Enter Query to view the details which are maintained.
   For information on fields, refer to: Table 3-1.

   The primary attribute of a product is whether the bills linked to it are either:

   • Import Bills under LCs
   • Import Bills not under LCs
   • Export Bills under LCs
   • Export Bills not under LCs
   • Incoming Collections
   • Outgoing Collections
   • Usance or Sight Bills
   • Documentary or Clean Bills

   The first attribute you define for a product is its type. Once you have made this basic classification, tailor the product to suit your requirements. To explain further, within the broad categories of the type of Bills listed above further, define attributes that are characteristic to each type. Each of these types that you define, with its distinctive features, constitutes a Product in Oracle Banking Trade Finance Cloud Service.

   Since you define products for convenience, all the Bills involving the product inherit the attributes defined for the product. Yet, you have room for flexibility. Change the inherited attributes of a specific bill to suit your requirement at the time of processing it.

   For any product created in Oracle Banking Trade Finance Cloud Service, define generic attributes, such as branch, currency, and customer restrictions, interest details, tax details, etc., by clicking on the appropriate icon in the horizontal array of icons in this screen. For a BC product, in addition to these generic attributes, specifically define other attributes.

   Define the attributes specific to a BC product in the BC Product Definition Main screen and the BC Product Preferences screen. In these screens, specify the product type and set the product preferences, respectively.

   For further information on the generic attributes that define for a product, please refer the following Oracle Banking Trade Finance User Manuals under Modularity:

   • Product Definition
   • Interest
   • Charges
   • Tax
   • User Defined Events
   • Settlements

   Define product restrictions for branch, currency, customer category and customer in Trade Finance Product Restrictions (CSDTFPDR) screen.

   For details on product restrictions refer Trade Finance Product Restrictions Maintenance chapter in Core Service User Manual.

   Define User Defined Fields in Trade Finance Product UDF Mapping screen (CSDTFUDF).

   For details on User Defined Fields screen refer Other Maintenances chapter in Core Service User Manual.

• Defining a Product