2.8 Trade License Details

This topic provides systematic instruction to maintain the trade license details.

Oracle Banking Trade Finance Cloud Service allows you to maintain the Trade License Expiry Date for all the customers of your bank. You can capture trade license expiry date through the Trade License Details screen. An LC, as an instrument of international trade involves the shipment of large merchandise over long distances. You can maintain the Trade license details through the Bills and Collections Insurance Company Maintenance screen. You can maintain only one License Expiry Date for a customer. On selection of the CIF ID of the customer at the time of processing an LC contract, the Trade License Expiry Date maintained for the selected CIF ID is also displayed in the LC Contract screen. The system will not do any validations based on the expiry date. It is used only for information purpose.
This topic contains the following details:
  • Maintain Trade License Details
  • Operations on License Expiry Date Record
  • View Trade License Details
Specify the User ID and Password, and login to Homepage.
  1. On the Homepage, type STDEXPDT in the text box, and click next arrow.

    The Trade License Details screen is displayed.

    Figure 2-10 Trade License Details


    Description of Figure 2-10 follows
    Description of "Figure 2-10 Trade License Details"

    For more information on the fields, refer the Field Description table given below:

    Table 2-7 Trade License Details - Field Description

    Field Description
    Customer No. Every customer of your bank is identified by a unique CIF ID. All authorized and active corporate CIF IDs are displayed in the option-list. You can select the appropriate CIF ID from the list.

    This field is mandatory.
    Issuing Authority Specify the government authority which issued the trade license to the customer.

    This field is mandatory.
    Renewal Date Specify the date on which the trade was renewed.

    This field is optional.
    Charge Account Specify a valid account to be used to collect the charges for trade license expiry. The adjoining option list displays all open and authorized accounts belonging to the customer. You can select the appropriate one.

    This field is mandatory.
    Charge Branch The system displays the Branch Code where the Charge Account is held.

    Note:

    The insurance company will be available for association with LC contracts only after you authorize the company details.

    This field is optional.
    Trade License No. Specify the trade license number. This must be unique for each customer.

    This field is mandatory.
    License Expiry Date Specify the Trade License Expiry Date for the customer. The expiry date maintained here is validated during the following operations:
    • Upon saving customer information
    • Upon saving customer account
    • Upon saving limits facilities
    • Upon saving LC contract, and BC contract
    • Upon saving LC availment
    • Upon saving BC liquidation
    • Upon saving CL account, disbursement, payment and amendment
    Days before the license is due to expire, a notification is generated and sent to the customer. The number of days before which this notification needs to be generated is maintained at the Bank Parameters Preferences level.

    This field is mandatory.
    Expired The system marks the trade license of the customer as expired during EOD if the system date happens to be greater than or equal to trade license expiry date.

    This field is optional.
    Expiry Due Advice Details During EOD, advices are generated for customers whose trade license is impending expiry.

    This field is optional.
    Generated Status The success or failure of message generation through the above process is indicated by the true and false status of the field Generated Status.

    This field is optional.
    Generated Date The system displays the date on which the message was generated, if any

    This field is optional.
    Expired Advice Details During EOD, advices are generated for customers whose trade license has expired.

    This field is optional.
    Generated Status The success or failure of message generation through the above process is indicated by True or False status of this field.

    This field is optional.
    Generated Date The success or failure of message generation through the above process is indicated by the true and false status of the field Generated Status.

    This field is optional.
  2. On an existing License Expiry Date Maintenance record, you can perform the following operations (if any icon is disabled in the application toolbar, it means that the function is not allowed for the record):
    1. Amend the details of the record
    2. Authorize the record
    3. Copy the details of an FFT on to a new record
    4. Close the record
    5. Reopen the closed record
    6. Print the details of a record
    7. Delete the record
    On the Actions menu, you can Amend/Authorize/Copy/Close/Reopen/Print/Delete a existing record.

    Note:

    Refer to the manual on Common Procedures for details of these operations.
  3. On the Homepage, type STSEXPDT in the text box, and click next arrow.
    The Trade License Summary screen is displayed.
    Description of stsexpdt.png follows
    Description of the illustration stsexpdt.png

    In the above screen, you can base your queries on any or all of the following parameters and fetch records:

    • Authorization Status
    • Record Status
    • Customer No
    • Trade License Number
    • Issuing Authority
    • License Expiry Date
  4. Select any or all of the above parameters and click Search button.
    The records matching the selected criteria are displayed.

    Based on your query, the system displays trade license records:

    • Authorization Status
    • Record Status
    • Customer No.
    • Trade License Number
    • Issuing Authority
    • License Expiry Date
    • Renewal Date
    • Expired
    • Generated Status
    • Charge Branch
    • Charge Credit Account

Parent topic: LC Maintenance