2 Export LC Drawing - Islamic

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

Under an Export LC, the beneficiary of the LC after exporting the goods under LC submits the documents under the LC to the nominated bank. The nominated bank scrutinizes/negotiates and forwards the document to the Issuing bank under Export LC Drawing Islamic process in OBTFPM.

The various stages involved for Export LC Drawing are:
  • Receive and verify documents (Non Online Channel)- Registration stage
  • Input application details
  • Upload of related mandatory and non-mandatory documents received from the presenting bank
  • Verify documents and capture details (Online/Non Online Channels)- Scrutiny stage
  • Input/Modify details of Bill - Data Enrichment stage
  • Check for limit availability Check balance availability for amount block
  • Check for sanctions & KYC status
  • Earmark limits/Create amount block for cash margin/charges
  • During Simulation, the following items are generated in OBTF and displayed in OBTFPM, based on data input in OBTFPM: Charges, Interest, Advices, Preview message, Accounting entries and Settlement.
  • Capture remarks for other users to check and act
  • Hand off request to back office

The design, development and functionality of the Islamic Export LC Drawing process flow is similar to that of conventional Export LC Drawing process flow.

This topic contains following subtopics:
  • Common Initiation Stage
    This topic provides the systematic instructions to initiate the Export LC Drawing - Islamic request.
  • Registration
    This topic provides the systematic instructions to initiate the Registration stage of Export LC Drawing - Islamic request.
  • Scrutiny
    This topic provides the systematic instructions to initiate the Scrutiny stage of Export LC Drawing - Islamic request.
  • Data Enrichment
    This topic provides the systematic instructions to initiate the Data Enrichment stage of Export LC Drawing - 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.