2 Drawing Under Transfer LC - Islamic

This process illustrates the Drawing Under Transfer LC handled in Oracle Banking Trade Finance Process Management.

This process is triggered when Documents Under the Transferred LC are received at first Beneficiary Bank to the Second Beneficiary Bank.

The various stages involved for Drawing Under Transferred LC are:
  1. Receive and verify documents and Input Drawing details
  2. Upload of related mandatory and non-mandatory documents.
  3. Verify/capture details and check documents for Discrepancies-Scrutiny Stage
  4. Input/Modify details of Drawing - Data Enrichment stage
  5. Check for limit availability if applicable.
  6. Check balance availability for amount block
  7. Check for sanctions & KYC status Earmark limits/Create amount block for cash margin/charges if applicable
  8. Capture remarks for other users to check and act
  9. Hand off request to back office

The Islamic Drawing Under Transferred LC process flow is similar to that of conventional Drawing Under Transferred LC process flow.

This topic contains following subtopics:

  • Common Initiation Stage
    This topic provides the systematic instructions to initiate the new Drawing under transferred LC - Islamic request.
  • Registration
    This topic provides the systematic instructions to initiate the Registration stage of Drawing under transferred LC - Islamic request.
  • Scrutiny
    This topic provides the systematic instructions to initiate the Scrutiny stage of Drawings under Transferred LC Islamic request.
  • Data Enrichment
    This topic provides the systematic instructions to initiate the Data Enrichment stage of Drawings Under Transferred LC Islamic request.
  • Exceptions
    This topic helps you quickly get acquainted with the Exceptions process.
  • Multi Level Approval
    This topic helps you quickly get acquainted with the Multi Level Approval process.