2 Guarantee Advise - Islamic
The Guarantee Advise - Islamic process is similar to Conventional Guarantee Advice process where the advising bank advises a guarantee received from the issuing bank to the beneficiary of the guarantee.
The various stages involved in Oacle Banking Trade Finance Process
Management 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
The design, development and functionality of the Guarantee Advise Islamic process flow is similar to that of conventional Guarantee Advise process flow.
In the subsequent sections, let’s look at the details for Guarantee Advising Isamic process:
This topic contains following subtopics:
- Common Initiation Stage
This topic provides the systematic instructions to initiate the new Guarantee Advise - Islamic request. - Registration
This topic provides the systematic instructions to initiate the Registration stage of Guarantee Advise Islamic request. - Scrutiny
This topic provides the systematic instructions to initiate the Scrutiny stage of Guarantee Advise Islamic request. - Data Enrichment
This topic provides the systematic instructions to initiate the Data Enrichment stage of Guarantee Advise 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.