2 Import LC Drawings - Islamic

Under an import LC, the beneficiary of the LC after exporting the goods under LC submits the documents under the LC to the nominated bank.

The nominated bank scrutinizes/negotiates and forwards the document to the Issuing bank. Issuing bank will lodge the same under import LC Drawing of Islamic process in OBTFPM.

The various stages involved for Islamic Import LC Drawing are:
  • Receive and verify documents
  • Input Import Drawing details
  • Upload of related mandatory and non-mandatory documents.
  • Verify/capture details and check documents for Discrepancies-Scrutiny Stage
  • Input/Modify details of Import Drawing - Data Enrichment stage
  • Check for limit availability if applicable.
  • Check balance availability for amount block
  • 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
  • Receipt of documents under LC from the presenting bank where an MT 750 has not been sent already.

The Islamic Import LC Drawing process flow is similar to that of conventional Import LC Drawing process flow.

  • Common Initiation Stage
    This topic provides the systematic instructions to initiate the new Import LC Drawing Islamic request.
  • Registration
    This topic provides the systematic instructions to initiate the Registration stage of Import LC Drawings Islamic request.
  • Scrutiny
    This topic provides the systematic instructions to initiate the Scrutiny stage of import LC drawings Islamic request.
  • Data Enrichment
    This topic provides the systematic instructions to initiate the Data Enrichment stage of import lc Drawings 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.