2.8.1 Reject Approval

This topic helps you quickly get acquainted with the Reject Approval process.

As a Reject approver, user can review a transaction rejected and waiting for reject confirmation.

Log in into OBTFPM application to view the reject approval tasks for Import LC Issuance available in queue. On opening the task, you will see summary tiles. The tiles will display a list of important fields with values.

The screen from which the reject was initiated can been seen highlighted in the tile view.

User can drill down from reject summary tiles into respective data segments to verify the details of all fields under the data segment.

Summary
Description of rejectapprovalsummary.png follows
Description of the illustration rejectapprovalsummary.png

The screen up to which data was captured before reject will be available for the user to view in the summary tile. Other fields will be blank when verified from summary tile.

The data segment in which the task was rejected will have the tiles highlighted in a different colour (red).
  • Main Details - User can view and modify details about application details and LC details, if required.
  • Availability - User can view and modify availability and shipment details, if required.
  • Payments - User can view and modify all details related to payments, if required.
  • Documents and Conditions - User can view and modify the documents required grid and the additional conditions grid, if required.
  • Additional Fields - User can view the details of additional fields.
  • Advices - User can view the details of advices.
  • Revolving Details - User can view and modify revolving details on revolving LC, if applicable.
  • Limits and Collaterals - User can view and modify limits and collateral details, if required.
  • Commission Charges and Taxes - User can view and modify Commission, Charges and Taxes details, if required.
  • Preview Messages - User can view and modify preview details, if required.
  • Party Details - User can view and modify party details like beneficiary, advising bank etc., if required
  • Compliance - User can view compliance details. The status must be verified for KYC and to be initiated for AML and Sanction Checks.
  • FX Linkage - User can view the FX Linkage details.
  • Tracer Details - User can view the tracer details.
  1. Click Reject Approve to reject the transaction.

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

Table 2-39 Action Buttons - Field Description

Field Description
Documents View/Upload the required document.

Application displays the mandatory and optional documents.
The user can view and input/view application details simultaneously.
When a user clicks on the uploaded document, Document window get opened and on clicking the view icon of the uploaded document, Application screen should get split into two. The one side of the document allows to view and on the other side allows to input/view the details in the application

Remarks Specify any additional information regarding the collection. This information can be viewed by other users processing the request.

Content from Remarks field should be handed off to Remarks field in Backend application.
Overrides Click to view the overrides accepted by the user.
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, OBTFPM user can input any Customer Instructions received as part of transaction processing. This section will be enabled only for customer initiated transactions.
Incoming Message This button displays the multiple messages (MT760 + up to 7 MT761.

In case of MT798, the User can click and view the MT798 message(770,700/701).
Signatures Click the Signature button to verify the signature of the customer/ bank if required.

The user can view the Customer Number and Name of the signatory, Signature image and the applicable operation instructions if any available in the back-office system.

If more than one signature is available, system should display all the signatures.
Reject On click of Reject, the task moves back to the stage where it was rejected. User can update the reason for reject decline in remarks.
Hold User can put the transaction on ‘Hold’. Task will remain in Pending state.
Cancel Cancel the Reject Approval.
Approve On click of Approve, the transaction is rejected.

Parent topic: Multi Level Approval