2 Import Documentary Collection Booking Update - Islamic

Import Documentary Collection Booking Update - Islamic process involves update of an existing documentary collection.

Details of Import Documentary Collection can be updated before liquidation, changes can be for Collection amount, Maturity Date, etc. The update can be requested through Online/Offline channels.

The various stages involved for Import Doc Collection update are:
  • Receive and verify documents (Non Online Channel)- Registration stage
  • Input application details
  • Upload of related mandatory and non-mandatory documents received from the presenting bank
  • Verify documents and capture details (Online/Non Online Channels)- Data Enrichment stage
  • Input/Modify details of update Collection - Data Enrichment stage
  • Check for limit availability if applicable
  • Check balance availability for amount block if applicable
  • Check for sanctions & KYC status
  • Earmark limits/Create amount block for cash margin/charges if applicable
  • Capture remarks for other users to check and act
  • Hand off request to back office

The Islamic Import Doc Collection Update process flow is similar to that of conventional Import Doc Collection Update process flow.