2 Export LC Amendment

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

Export LC Amendment process enables the user to make an amendment to the LC which had been already advised.

The amendments may need consent from the beneficiary of the LC. In such scenarios, after the processing of amendment, the amended LC is parked awaiting beneficiary consent.

Following is the validation while amending the LC:
  1. While Amending Export LC by decreasing the value, system checks if there is any underlying active Transfer LC, with substitution flag value as 'yes'. If so, system displays an override message. "Transfer LC with substitution available. Check before proceeding."
  2. While Amending Export LC by decreasing the value, and if Beneficiary consent is required,
    • System validates that the decrease in LC amount, including tolerance is not greater than the Available balance in Export LC. If validation fails, system displays an override message to user.
    • User can do confirmation of Amendment in Parent LC for decrease in LC amount, once Balance is available in Export LC. If balance is not available, system displays an error message.
  1. While Amending Export LC by decreasing the value, and if Beneficiary consent is not required,
  • System validates that the decrease in LC amount including tolerance is not greater than the available Bbalance in Export LC. If validation fails, system displays an error.

This topic contains following sub-topics:

  • Common Initiation Stage
    This topic provides the systematic instructions to initiate the Export LC Amendment request.
  • Registration
    This topic provides the systematic instructions to initiate the Registration stage of Export LC Amendment request.
  • Scrutiny
    This topic provides the systematic instructions to initiate the Scrutiny stage of Export LC Amendment request.
  • Data Enrichment
    This topic provides the systematic instructions to initiate the Data Enrichment stage of Export LC Amendment 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.