2.2 Registration

This topic provides the systematic instructions to initiate the Registration stage of Drawing under transferred LC - Islamic request.

The process starts from Registration stage, the user can register request for an Islamic Drawings under Transferred LC at the front desk.

During Registration stage, user can capture the basic details and upload the related documents received from presenting bank. It also enables the user to capture some additional product related details as an option. On submit of the request the request will be available for an LC expert to handle the request in the next stage.

Specify User ID and Password, and login to Home screen.

Figure 2-2 LogIn ScreenDescription of loginscreen.png follows
Description of the illustration loginscreen.png

  1. On Home screen, click Trade Finance - Islamic. Under Trade Finance - Islamic, click Import Documentary Credit.
  2. Under Import Documentary Credit, click Drawings Under Transferred LC - Islamic.

    Figure 2-3 Drawings Under Transferred LC - Islamic
    Description of drawings-transferred-lc-islamic_menu.png follows
    Description of the illustration drawings-transferred-lc-islamic_menu.png

    The Drawings Under Transferred LC - Islamic screen appears.

    The Drawings Under Transferred LC - Islamic - Registration stage has two sections Application Details and LC Drawing Details. Let’s look at the details of Registration screens below:

    Figure 2-4 Registration - Application Details


    Description of Figure 2-4 follows
    Description of "Figure 2-4 Registration - Application Details"

  3. On Registration - Application Details screen, specify the fields.

    Note:

    The fields which are marked as Required are mandatory.

    Table 2-3 Registration - Application Details - Field Description

    Field Description
    Transfer LC Reference Number Specify the Transfer LC reference number.

    Alternatively, click Search to search and select the documentary reference number.

    In lookup search/advanced lookup search, user can input Transfer LC Reference Number, First Beneficiary, Currency, Amount, User Reference Number and From Reference Number to fetch the LC details.

    Based on the search result, select the applicable LC for drawing.

    First Beneficiary Read only field.

    First Beneficiary details is defaulted from the underlying Transfer LC.
    Branch Read only field.

    Branch details will be auto-populated based on the selected LC from the lookup.
    Process Reference Number Read only field.

    Unique sequence number for the transaction.

    This is auto generated by the system based on process name and branch code.
    Priority System will populate the priority of the customer based on priority maintenance. If priority is not maintained for the customer, system will populate 'Medium' as the default priority.

    User can change the priority populated any time before submit of Registration stage.
    Submission Mode Select the submission mode of Import LC Drawing update request. By default the submission mode will have the value as ‘Desk’ for transactions created via registration.

    By default the submission mode will have the value as ‘Desk’.

    • Desk - Request received through Desk
    • Courier - Request received through Courier
    Drawing Date Read only field.

    By default, the application will display branch’s current date.
    Presenting Bank Specify the presenting bank.

    Alternatively, click Search to search and select the presenting bank based on Customer ID/Customer Name.  
    You can also specify the Customer ID in the look up search criteria and on tab out system will validate and populate the 'Presenting Bank’ name.

    Presenting Bank Reference Number Specify the presenting bank reference number.
    Document Received Date By default, the application displays the branch’s current date.

    The user to change the date to any back date.

    Note:

    Future date selection is not allowed.
    Allow Substitution Of Document If enabled, allows the bank to substitute the Export Documents received from Transferee with the documents from Beneficiary during Drawing.
    LC Drawings Details

    Registration user can provide drawing details in this section. Alternately, drawing details can be provided by Scrutiny user.


    Description of registrationlcdetails.png follows
    Description of the illustration registrationlcdetails.png

  4. On Registration - LC Drawings Details screen, specify the fields.

    Note:

    The fields which are marked as Required are mandatory.

    For more information on fields, refer to the field description table below.

    Table 2-4 Registration - Drawings LC Details - Field Description

    Field Description
    Tenor Type Select the tenor type.
    • Sight
    • Usance
    • Multi Tenor
    Documents Received Select the document received status from the drop-down.
    • Yes
    • No
    Documents Set Select the number of sets of documents received from the drop-down.
    • First
    • Second
    • Both
    Duplicate If documents received are duplicate and if the drawing is already completed, user can mark this as duplicate and submit.
    Outstanding LC Value Read only field.

    Outstanding LC value will be auto-populated. This field displays the value as per the latest LC details.
    Product Code Select the product code for the drawing.

    Only the products that are allowed for Bills under Transfer LC should be displayed in the look up list.
    Product Description Read only field.

    This field displays the description of the product as per the selected product code.
    Operation Type Read only field.

    Operation Type will be auto-populated based on the selected LC.
    Drawing Reference Number Read only field.

    This is auto generated by the back end system.
    User Reference Number User reference number is defaulted based on the selected LC.

    User can change the value.
    Drawing Amount Select the currency and specify the drawing amount under the LC for which documents have been submitted.
    Amount In Local Currency After the tab out of ‘Currency Code, Amount’ field.

    System fetches the local currency equivalent value for the LC amount from back office (with decimal places).
    Additional Amount This field can have value only if an MT 750 has been processed for this drawing earlier.
    Limits/ Collateral Required Enable the option, if limit check is applicable.

    Disable the option, if limit check is not applicable.
  5. Click Submit.
    The task will move to next logical stage of Drawings Under Transferred LC.

    For more information on action buttons, refer to the field description table below.

    Table 2-5 Registration - Action Buttons - Field Description

    Field Description
    Documents Upload the documents received under the LC.
    System should display the mandatory and optional documents. User to upload the applicable documents. If mandatory documents are not uploaded, system should display an error on submit. The possible documents submitted for Drawings under Transferred LC request are:
    • Bill of Lading
    • Airway Bill
    • Invoice
    • Packing List
    • Bill of Exchange
    • Certificate of Origin
    • Inspection Certificate
    • Other documents
    Remarks Specify any additional information regarding the LC. This information can be viewed by other users processing the request.
    Customer Instruction Click to view/ input the following:
    • Standard Instructions – In this section, the system will populate the details of Standard Instructions maintained for the customer. User will not be able to edit this.
    • Transaction Level Instructions – In this section, OBTFPM user can input any Customer Instructions received as part of transaction processing. This section will be enabled only for customer initiated transactions.
    Common Group Messages Click to send MT799 and MT999 messages from within the task.
    Signatures Click the Signature button to verify the signature of the customer/ bank if required.

    The user can view the Customer Number and Name of the signatory, Signature image and the applicable operation instructions if any available in the back-office system.

    If more than one signature is required, system should display all the signatures.
    View Transfer LC Click to view the latest Transfer LC values displayed in the respective fields.

    All fields displayed in LC details section are read only fields.
    Transfer LC Events Click to view the details of Transfer LC events.
    Hold The details provided will be saved and status will be on hold. User must update the remarks on the reason for holding the task. This option is used, if there are any pending information yet to be received from applicant.
    Cancel Cancels the Drawing Under Transferred LC task. Details entered will not be saved and the task will be removed.
    Save & Close Save the information provided and holds the task in ‘My Task’ queue for working later.

    This option will not submit the request.
    Submit Click Submit, task will get moved to next logical stage of Drawings Under Transferred LC.

    If mandatory fields have not been captured, system will display an error message until the mandatory fields data are provided.
    Checklist Click to view the list of items that needs to be completed and acknowledge. If mandatory checklist items are not selected, system will display an error on submit.

    The checklist items under Registration Stage are: Application signed and stamped Customer signature verified Any correction or alteration initialed by the applicant.

Parent topic: Drawing Under Transfer LC - Islamic