2.2 Registration

This topic provides the systematic instructions to initiate the Registration stage of Export LC Reopen Islamic request.

At the Registration stage, the user can register request for an Islamic Export LC Reopen received at the front desk (as an application received physically/received by mail/fax). During Registration, user can capture the basic details of the application, check the signature of the applicant and upload related documents. On submit of the request, the customer should be notified with acknowledgment and the request should be available for an LC expert to handle in the next stage.

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

Figure 2-2 LogIn Screen

Description of Figure 2-2 follows
Description of "Figure 2-2 LogIn Screen"
  1. On Home screen, click Trade Finance - Islamic. Under Trade Finance - Islamic, click Export Documentary Credit.
  2. Under Export Documentary Credit, click Export LC Reopen - Islamic.

    Figure 2-3 Export LC Reopen - Islamic
    Description of exportlcreopen.png follows
    Description of the illustration exportlcreopen.png

    The Export LC Reopen - Islamic screen appears.

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

    Figure 2-4 Export LC Reopen - Islamic - Registration - Application Details
    Description of registrationapplicationdetails.png follows
    Description of the illustration registrationapplicationdetails.png

  3. On Export LC Reopen - Islamic - Registration - Application Details screen, specify the fields.

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

    Note:

    The fields which are marked as Required are mandatory.

    Table 2-3 Export LC Reopen - Islamic - Registration - Application Details - Field Description

    Field Description
    Advising Bank Reference Specify the advising bank reference number.

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

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

    Based on the search result, select the applicable LC to be opened.

    Note:

    System displays the LCs only which are in Closed status.
    MT 720 – Transfer LC Read only field.

    Switch on Enable, if it is an Export LC Transfer Advise request.

    Switch Disable this option, if it is not an Export LC Transfer Advise request.

    Beneficiary Read only field.

    System displays the value available in export LC.
    Branch Read only field.

    Branch details will be auto-populated based on the selected LC.
    Priority System will populate the priority of the customer as Essential/Critical/Low/Medium/High, 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 Export LC Reopen 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’.

    • Courier - Request received through Courier
    • Desk - Request received through Desk
    Currency Code, Amount Read only field.

    This field displays the currency code of LC along with the currency details as per the latest LC details.
    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.

    Customer Reference Number Read only field.

    Contract reference number is defaulted based on the selected LC.
    Advising Date Read only field.

    By default, the application will display branch’s current date.
    Reopen Date Read only field.

    By default, the application will display branch’s current date.
    Issuing Bank Read only field.

    Issuing Bank name is defaulted based on the selected LC.
    LC Details

    The user can view the latest LC values displayed in the respective fields. All fields displayed in LC details section are read only fields.


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

  4. On Export LC Reopen - Islamic - Registration - LC Details screen, specify the fields.

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

    Note:

    The fields which are marked as Required are mandatory.

    Table 2-4 Export LC Reopen - Islamic - Registration - LC Details - Field Description

    Field Description
    LC Type Read only field.

    This field displays the LC type as per the latest LC details.
    Advising Bank Read only field.

    This field displays the advising bank details as per the latest LC.
    Product Code Read only field.

    This field displays the product code used during LC Reopen.
    Product Description Read only field.

    This field displays the description as in Export LC.
    Form of Documentary Credit Read only field.

    This field displays the form of documentary credit available in LC record.

    Form of Documentary Credit Details Read only field.

    This field displays the form of documentary credit details available in LC record.

    User Reference Number Read only field.

    User reference number is defaulted based on the selected LC.
    Reference To Pre-Advice Read only field.

    This field displays the details of Pre-Advice, if issued by the bank.
    Date of Issue Read only field.

    This field displays the issuance date of export LC.
    Applicable Rules Read only field.

    This field displays the applicable rule as per the latest LC details.
    Date of Expiry Read only field.

    This field displays the expiry date as per the latest LC details.
    Place of Expiry Read only field.

    This field displays the place of expiry as per the latest LC details.
    Applicant Bank Read only field.

    This field displays the applicant bank details as per the latest LC details.
    Applicant Read only field.

    This field displays the details of the applicant as per the latest LC details.
    Percentage Credit Amount Tolerance Read only field.

    This field displays the percentage credit amount tolerance details as per the latest LC details.
    Limits/Collateral Required Read only field.

    Limits/Collateral applicable as per the latest LC details is displayed.
    Additional Amount Covered Read only field.

    This field displays any additional amount covered as per the latest LC details.
    Amount In Local Currency Read only field.

    Amount in local currency as per the latest LC details is displayed.
    Auto Close Read only field.

    The optionEnable indicates Auto close is required for that transactions..

    The option Disable indicates Auto close is not required for that transactions.

    Closure Date Read only field.

    System default the “Closure Date” with the value “Expiry Date” + No of Closure days maintained in the respective Product in which the contract has been created.

    System automatically close the contract on the specified “Closure Date” if “Auto Close” is selected as “Yes” for the specific contract.
  5. Click Submit.
    The task will move to next logical stage of Export LC Reopen - Islamic.

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

    Table 2-5 Export LC Reopen - Islamic - Registration - Action Buttons - Field Description

    Field Description
    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.
    Documents Upload the documents received under the LC.

    Application displays mandatory documents to be uploaded for Export LC Reopen. Place holders are also available to upload additional documents submitted by the applicant
    Remarks Specify any additional information regarding the reopening of export LC. This information can be viewed by other users processing the request.
    Overrides Click to view overrides, if any.
    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, OBTFPMCS user can input any Customer Instructions received as part of transaction processing. This section will be enabled only for customer initiated transactions.
    View LC Click to view the latest LC values displayed in the respective fields.
    View LC Events Click to view the details of 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 Export LC Reopen 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 Export LC Reopen.

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

Parent topic: Export LC Reopen Islamic