2 Guarantee Advise
As part of Guarantee Advise the advising bank advises a guarantee received from the issuing bank to the beneficiary of the guarantee.
The various stages involved in Oracle Banking Trade Finance
Process Management Cloud Service during advising of a
guarantee are:
- Receive and verify guarantee (non-online channel) - Registration stage
- Input application details
- Upload of related mandatory and non mandatory documents
- Verify documents and capture details
- Input/Modify Details of LC - Data Enrichment Stage
- Check for sanctions & KYC status
- Capture remarks for other users to check and act
- Hand off request to back office
In the subsequent sections, let’s look at the details for Guarantee Advising process:
This topic contains following subtopics:
- Common Initiation Stage
This topic provides the systematic instructions to initiate the new Guarantee Advise request. - Registration
This topic provides the systematic instructions to initiate the Registration stage of Guarantee Advise request. - Scrutiny
This topic provides the systematic instructions to initiate the Scrutiny stage of Guarantee Advise request. - Data Enrichment
This topic provides the systematic instructions to initiate the Data Enrichment stage of Guarantee Advise 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.