2 Export LC Advise

This chapter is documented to get familiar with the Export LC Advise process of Oracle Banking Trade Finance Process Management.

As part of Export LC Advice, the advising bank receives the LC to be advised to the beneficiary from the issuing bank. The letter of credit is advised to the beneficiary through the advising bank. The various stages involved for advice of an Export Letter of Credit are:
  • Receive and verify documents (Non Online Channel) - Registration stage
  • Input application details
  • Upload of related mandatory and non mandatory documents
  • Verify documents and capture details
  • Input/Modify details of LC - Data Enrichment stage
  • Check for limit availability (In case of confirmation)
  • 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

    Note:

    The user can initiate the transfer of LC advise process from the Export LC Advise screen. The process can be initiated manually at the branch or by parsing the incoming MT 700/720.
In the following sections, let’s look at the details for Export LC Advising process:

This topic contains following subtopics:

  • Common Initiation Stage
    This topic provides the systematic instructions to initiate the Export LC Advise request.
  • Registration
    This topic provides the systematic instructions to initiate the Registration stage of Export LC Advise request.
  • Scrutiny
    This topic provides the systematic instructions to initiate the Scrutiny stage of Export LC Advise request.
  • Data Enrichment
    This topic provides the systematic instructions to initiate the Data Enrichment stage of Export LC Advise 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.
  • Reject Approval
    This topic helps you quickly get acquainted with the Reject Approval process.