3 Export Documentary Collection Booking Islamic
Export Documentary Collection Booking process enables the Drawee (Exporter) to collect payment for document under collection from the Drawer (Importer) through intermediate banks (Remitting/Collecting Bank).
Under Export Documentary Collection, the Remitting Bank will receive the Export Documents from the Exporter and forward the same to the Collecting Bank for Acceptance/Payment by the Drawee.
The various stages involved for Islamic Export Documentary Collection Booking
are:
- Receive and verify documents
- Input Export Collection details
- Upload of related mandatory and non-mandatory documents
- Input Additional details of Export Collection - Data Enrichment stage
- Check for limit availability if applicable
- Check balance availability for amount block
- Check for sanctions & KYC status
- Earmark limits/Create amount block for cash margin/charges if applicable
- Capture remarks for other users to check and act Hand off request to back office
The Islamic Export Collection Booking process flow is similar to that of conventional Export Collection Booking process flow.
This topic contains following sub-topics:
- Common Initiation Stage
This topic provides the systematic instructions to initiate the Export Documentary Collection Booking Islamic request. - Registration
This topic provides the systematic instructions to initiate the Registration stage of Export Documentary Collection Booking Islamic request. - Data Enrichment
This topic provides the systematic instructions to initiate the Data Enrichment stage of Export Documentary Collection Booking - 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.