2 Export LC Transfer Amendment Beneficiary Consent - Islamic
This chapter is documented to get familiar with the Export LC Transfer Amendment Beneficiary Consent - Islamic process of Oracle Banking Trade Finance Process Management Cloud Service.
Export LC Transfer Amendment process enables the bank to advise an amendment to the LC which had been already Transferred. The amendments may need consent from the second beneficiaries of the Transfer LC and the amended LC is parked awaiting beneficiary consent. Once the Second Beneficiary has accepted the amendment, the Transfer LC amendment Confirmation will be triggered.
The various stages involved for Islamic Export LC Transfer Amendment
Beneficiary Consent are:
- Input basic data and Upload of related mandatory and non-mandatory documents in Registration stage
- Input/Modify details of amendment of Transferred LC - Data Enrichment stage
- Capture remarks for other users to check and act
- Notify customer on any negative statuses in any of the stages to the Beneficiary
- Hand off request to back office
This topic contains following subtopics:
- Common Initiation Stage
This topic provides the systematic instructions to initiate the Export LC Transfer Amendment Beneficiary Consent - Islamic request. - Registration
This topic provides the systematic instructions to initiate the Registration stage of Export LC Transfer Amendment Beneficiary Consent - Islamic request. - Data Enrichment
This topic provides the systematic instructions to initiate the Data Enrichment stage of Export LC transfer Amendment Beneficiary Consent - 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.