2 Export LC Transfer - Islamic

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

If the Export LC Advised to the beneficiary allows for transfer, the beneficiary of the Export LC (First Beneficiary) can transfer the LC to one or more Beneficiaries (Second Beneficiaries).

The various stages involved for Transfer of an Export Letter of Credit are:
  • Receive and verify documents, Input Application details (Non Online Channel)- Registration stage
  • Verify/capture details (Online/Non Online Channels)- Scrutiny stage
  • Input/Modify details of Transfer LC - Data Enrichment stage
  • Check balance availability for amount block Check for sanctions & KYC status
  • Create amount block for cash margin/charges if applicable
  • 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 Transfer process flow is similar to that of conventional Export LC Transfer process flow.

This topic contains following subtopics:

  • Common Initiation Stage
    This topic provides the systematic instructions to initiate the Export LC Transfer - Islamic request.
  • Registration
    This topic provides the systematic instructions to initiate the Registration stage of Export LC Transfer - Islamic request.
  • Scrutiny
    This topic provides the systematic instructions to initiate the Scrutiny stage of Export LC Transfer - Islamic request.
  • Data Enrichment
    This topic provides the systematic instructions to initiate the Data Enrichment stage of Export LC Transfer request.
  • Exceptions
    This topic helps you quickly get acquainted with the Exceptions process.
  • Customer Response - Draft Confirmation
    This topic helps you quickly get acquainted with the Customer Response - Draft Confirmation process.
  • Multi Level Approval
    This topic helps you quickly get acquainted with the Multi Level Approval process.
  • Customer - Acknowledgement Format
    This topic helps you quickly get acquainted with the Customer Acknowledgement process.