2 Export LC Transfer Cancellation

This User Manual is documented to get familiar with the Export LC Transfer Cancellation process of Oracle Banking Trade Finance Process Management.

Export LC Transfer Cancellation process enables the user to cancel the active Transfer LC that has already been advised:

An active Transfer LC Cancellation request received from First beneficiary can be cancelled in case of below scenarios:
  • If further drawings are not expected/required under a Transfer LC.
  • Request has been received for Parent Export LC cancellation; hence any issued Transfer LC has to be cancelled as well prior to cancellation of the parent Export LC.

In the following sections, let’s look at the details for Export LC Transfer Cancellation process.

This topic contains following subtopics:

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