2 Guarantee Issuance

As part of Guarantee Issuance the applicant (importer or customer) approaches a bank and requests the bank to issue a Letter of Credit on their behalf to the beneficiary (exporter).

The various stages involved for issuance of an Guarantee are:
  • Receive and verify application and other documents (Non Online Channel) - Registration stage
  • Input application details
  • Upload of related mandatory and non mandatory documents
  • Verify documents and capture details (Online/Non Online Channels)- Scrutiny stage
  • Check balance availability for amount block
  • Input/Modify details of the guarantee - Data enrichment stage
  • Conduct legal checks
  • Check for limit availability
  • Check for sanctions & KYC status
  • Earmark limits/Create amount block for cash margin/charges
  • Capture remarks during any stage of transaction for other users to check and act
  • Draft guarantee copy for legal verification
  • Generate acknowledgement and draft guarantee copy to customer
  • Notify customer on any negative statuses during any of the stages to the applicant
  • Hand off approved transaction to back office

In the subsequent sections, let’s look at the details for Guarantee Issuance process:

This topic contains following sub-topics:

  • Common Initiation Stage
    This topic provides the systematic instructions to initiate the new Guarantee Issuance request.
  • Registration
    This topic provides the systematic instructions to initiate the Registration stage of Guarantee Issuance request.
  • Bi-Directional Flow for Offline Transactions Initiated from OBTFPM
    This topic provides the systematic instructions to initiate the Bi-Directional Flow for Offline Transactions Initiated from OBTFPM.
  • Scrutiny
    This topic provides the systematic instructions to initiate the Scrutiny stage of Guarantee issuance request.
  • Data Enrichment
    This topic provides the systematic instructions to initiate the Data Enrichment stage of Guarantee issuance request.
  • Multi Level Approval
    This topic helps you quickly get acquainted with the Multi Level Approval process.
  • Exceptions
    This topic helps you quickly get acquainted with the Exceptions process.
  • Customer - Acknowledgement
    This topic helps you quickly get acquainted with the Customer Acknowledgement process.
  • Customer - Reject Advice
    This topic helps you quickly get acquainted with the Customer - Reject Advice.