List of Topics

This manual is organized as follows:

Table -1 Topics

Topic Description
Preface This manual describes about the intended audience. It lists all the chapters included in this user manual.
Overview of Islamic Letters of Credit Describes an Overview of the Islamic LC module and helps familiarize you with its features.
Maintain Islamic letters of Credit Explains the basic details that needs to be maintained, before the Islamic LC module becomes fully operational.
Define Attributes Specific to an Islamic LC Product Describes the procedure to define Islamic LC products for specific services that you offer your customers.
Process an Islamic Contract Describes the procedure to process all types of Islamic LCs (import, export, invoice, clean, guarantees, shipping guarantees). Also explained is the method of associating an Islamic LC product with an Islamic LC contract. The advantage of defining products is highlighted in this chapter.
Capture Additional Details Explains a number of functions vital to the processing of an Islamic LC Contract.
Islamic LC Availment Explains how upon receipt of bills or notification from the negotiating bank, an availment is recorded under an Islamic LC.
Amend Details of an Islamic LC Discusses the circumstances under which the details of an Islamic LC contract would need to be amended. It also details the procedure for amending the Islamic LC.
Transfer an Islamic LC Explains how you can transfer an Islamic LC.
Liquidation of the Receivable

Components of an Islamic LC

Deals with the liquidation of the receivable components of an Islamic LC.
Credit Limit Tracing for an Islamic LC Describes the procedure to track the exposure against the applicant or against the issuing bank. It depends on whether you are issuing an import Islamic LC/advice or confirming an export Islamic LC.
Automatic Process Describes the process that will be carried out automatically, in the life cycle of an Islamic LC.
Annexure A- Accounting Entries Contains event-wise list of suggested accounting entries.
Annexure B - Events and Advices Lists all the events that can take place and the messages that can be generated, during the life cycle of an Islamic LC.
Function ID Function ID Glossary has alphabetical listing of Function/Screen ID's used in the module with page references for quick navigation.