2.2 Registration

This topic provides the systematic instructions to initiate the Registration stage of Export LC Transfer Closure - Islamicrequest.

During the Registration stage, the user can register a request for a Transfer LC Closure - Islamic received at desk (as an application received physically/received by mail/fax).

User can capture the basic details of the application, check the signature of the first Beneficiary and upload related documents. On submit of the request, the customer should be notified with acknowledgement 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 Transfer Closure - Islamic.

    Figure 2-3 Export LC Transfer Closure - Islamic


    Description of Figure 2-3 follows
    Description of "Figure 2-3 Export LC Transfer Closure - Islamic"

    The Export LC Transfer Closure - Islamic screen is diaplayed.

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

    Figure 2-4 Export LC Transfer Closure - Islamic - Registration - Application Details


    Description of Figure 2-4 follows
    Description of "Figure 2-4 Export LC Transfer Closure - Islamic - Registration - Application Details"

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

    Note:

    The fields which are marked as Required are mandatory.

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

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

    Field Description
    Transfer LC Reference Number Specify the transfer LC reference number or click Search to search and select the transfer LC reference number by using look-up. User has to select the particular LC that needs to be closed.

    As part of lookup, user can search giving Transfer LC Reference Number, Second Beneficiary, Currency, Amount and User Reference to fetch the Export Transfer LC details.

    Select the particular Transfer LC that needs to be closed. Once the LC to be closed is input/selected, on tab out system will populate the details of the LC to be closed.

    Note:

    System will not display the Transfer LC Reference which is already in cancelled or closed status.
    First Beneficiary Read only field.

    First Beneficiary details is defaulted from the value available in the Transfer LC.
    Branch Read only field.

    System displays the branch details from Transfer LC details.
    Closure Date Read only field.

    By default, the application will display branch’s current date as closure date.
    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.
    Priority System defaults the priority of the customer as based on priority maintenance. The options are:
    • Essential
    • Critical
    • Medium
    • High
    • Low
    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.
    Submission Mode System populates the submission mode of Export LC Transfer Closure request.

    By default the submission mode will have the value as ‘Desk’.

    • Desk - Request received through Desk
    • Desk - Request received through
    • Desk - Request received through Email
    • Courier - Request received through Courier

    The user can change the submission mode.
    Issuing Bank Reference Read only field.

    System defaults the Issuing Bank reference number from the underlying Transfer LC.

    Transfer 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

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

    Table 2-4 Registration - Transfer LC Details - Field Description

    Field Description
    LC Type Read only field.

    Displays the value used for LC Type as per the latest LC details.
    Product Code Read only field.

    Displays the product code used during Issuance of Transfer LC.
    Product Description Read only field.

    Displays the description of the product as per the product code as in Transfer LC Issuance.
    Advising Bank Read only field.

    Displays the advising bank Bank as per the latest LC details.
    40A - Form of Documentary Credit Read only field.

    Displays the value for form of documentary credit as available in LC record.

    Default LC type is Irrevocable.
    Date of Issue Read only field.

    Displays the transfer LC issuance date.
    Applicable Rules Read only field.

    Displays the applicable rules of the selected LC.
    Date of Expiry Read only field.

    Displays the expiry date as per the latest Transfer LC details.
    Place of Expiry Read only field.

    Displays the place of expiry as per the latest Transfer LC details.

    Second Beneficiary Read only field.

    Applicant Bank if available, as per the latest LC details is displayed.
    Available Amount Read only field.

    Displays the latest details for outstanding value of the Transfer LC.
    Transfer Amount Read only field.

    Currency Code as per the latest LC details is displayed.

    Transfer LC Amount as per the latest Transfer LC details is displayed.
    Percentage Credit Amount Tolerance Read only field.

    Displays the percentage credit amount tolerance details as per the latest Transfer LC.
    Additional Amount Covered Read only field.

    Additional amount covered as per the latest Transfer LC details
  4. Click Submit.
    The task will move to next logical stage of Export LC Transfer Closure - Islamic.

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

    Table 2-5 Registration - Action Buttons - Field Description

    Field Description
    Signatures System displays the details of Authorized signatories. The pop up box will display the signature id, signature title and image of the signature for verification.
    Documents User to upload the applicable documents.
    System displays the mandatory and optional documents. If mandatory documents are not uploaded, system should display an error on submit. The possible documents submitted under a Transfer LC Closure request are:
    • Closure request
    • Transfer LC instrument copy
    Remarks Specify any additional information regarding the Export LC Transfer Closure - Islamic. This information can be viewed by other users handling the request.
    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 Transfer LC Clicking on View Transfer LC enables the user to view the latest details of the Transfer LC.
    View Export LC Clicking on View Export LC enables the user to view the latest export LC values displayed in the respective fields. All fields displayed in LC details section are read only fields.
    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 Transfer Closure - Islamic 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 The task will move to next logical stage of Export LC Transfer Closure - Islamic. If mandatory fields have not been captured, system will display an error message until the mandatory fields data are provided.
    Checklist System displays the mandatory and optional checklist items. User needs to check on the applicable checklist items. If mandatory checklist items are not marked, system will display an error on submit. The possible checklist items under Registration Stage are:
    • Application signed and stamped
    • Customer signature verified
    • All Documents received are uploaded
    • Any correction or alteration initiated by the First Beneficiary

Parent topic: Export LC Transfer Closure - Islamic