In Oracle Banking Trade Finance Cloud Service, you can make transfers from an Islamic LC (Islamic LC). While transferring funds from an Islamic LC, you need to note the following conditions:

• The transferred Islamic LC will always be of the same type as the old Islamic LC and is created under the same product.
• The charges applicable to the transfer should be associated with the event TRNF defined for the product.
• You can only transfer an amount that is less than or equal to the amount available under the original Islamic LC.
• An Import Islamic LC is transferred only if the Applicant and Beneficiary are customers of your bank.