This topic provides the systematic instructions to initiate the Registration stage of Issuance of Letter of Undertaking for Buyers Credit request.

Specify User ID and Password, and login to Home screen.

Figure 2-2 LogIn Screen

Description of "Figure 2-2 LogIn Screen"

1. On Home screen, click Trade Finance. Under Trade Finance, click Buyers Credit.
2. Under Buyers Credit, click Issuance of Letter of Undertaking for Buyers Credit.

   Figure 2-3 Issuance of Letter of Undertaking for Buyers Credit

   
   

   
   Description of "Figure 2-3 Issuance of Letter of Undertaking for Buyers Credit"

   
   
   The Issuance of Letter of Undertaking for Buyers Credit - Registration screen appears.

   The Issuance of Letter of Undertaking for Buyers Credit - Registration stage has two sections Application Details and Buyers Credit Details. Let’s look at the details of Registration screens below:

   Figure 2-4 Registration - Application Details

   
   

   
   Description of "Figure 2-4 Registration - Application Details"

   
   
3. On Registration - Application Details screen, specify the fields.

   Note:

   The fields which are marked as Required are mandatory.

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

   Table 2-3 Registration - Application Details - Field Description

   Field	Description
   Applicant	Specify the borrower of the Buyers Credit. Alternatively click Search icon to search and select the Applicant. User can fetch all the customers from the lookup.
   Branch	By default, customer’s home branch will be displayed based on the customer ID. Note: Once the request is submitted, Branch field is non-editable.
   Priority	Set the priority of the Issuance of Letter of Undertaking for Buyers Credit request as Low/Medium/High/Essential/Critical. If priority is not maintained for the customer, system will populate 'Medium' as the default priority. User can change the priority populated any time before submit of Registration stage.
   Undertaking Amount	Select the currency code from the drop-down list. Specify the value of LC (with decimal places) as per currency type and tab out.
   Submission Mode	Select the submission mode of Issuance of Letter of Undertaking for Buyers Credit request from the drop-down list. By default the submission mode will have the value as Desk. Courier - Request received through Courier Desk - Request received through Desk Email- Request received through Email Fax- Request received through Fax
   Branch Date	Read only field. By default, the application will display branch’s current date
   Process Reference Number	Read only field. Unique OBTFPMCS task reference number for the transaction. This is auto generated by the system based on process name and branch code.

   Buyers Credit Details

   Registration user can provide Buyers Credit details in this section. Alternately, details can be provided by Data Enrichment user.

4. On Registration - Buyers Credit Details screen, specify the fields.
   
   
   Description of the illustration registrationbuyercreditdetails.png
   
   

   Note:

   The fields which are marked as Required are mandatory.

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

   Table 2-4 Registration - Buyers Credit Details - Field Description

   Field	Description
   Product Code	Specify the product code and on tab out, system will validate and populate the product code. Alternatively, click Search icon to search and select the product code with code or product description. System fetches all the Buyers Credit Product maintained in the back office in the lookup. Only those products which are classified under “Buyers Credit” Product group in back office, should be available for selection.
   Product Description	Read only field. This field displays the description of the product as per the selected product code.
   Contract Reference Number	Read only field. Contract Reference Number will be auto populated by the system based on selection of Product Code
   Amount In Local Currency	Read only field. After the tab out of ‘Currency Code, Amount’ field, system populates the Local currency and amount value in this field. System fetches the local currency equivalent value for the LC amount from back office (with decimal places).
   Lending Bank	Specify the lending bank name or click Search to search and select the lending bank. System fetches only Bank customers in this lookup. Note: System should display an override if the selected Bank is Non- RMA Complaint. System needs to generate MT999 if the Lending Bank is non RMA complaint instead of MT799 for the Letter of Undertaking
   Limit verification required	Enable the option for limit check during the process flow of this request. By default this option is enabled. Disable this option if limit check is not required during the process flow.
   Quote Reference Number	Specify the Quote Reference Number, mentioned in the Buyers Credit Quotation received from the Lending Bank. Request for Quote and Quote selection are to be operationally handled.
   Quote Date	Select the Quote Date. The quote date cannot be earlier than the Branch date.
   Value Date for Disbursal	Select the buyers credit disbursal date. The date cannot be lesser than the current branch date.
   Buyers Credit Tenor	Select the buyers credit tenor. The options are: Days Months Year Specify the value for tenor of the bill (days, month and year) as mentioned in the Quote
   Buyers Credit Due Date	The buyers credit due date. It should be greater than the Quote Date and the Value date for Disbursal, system needs to validate the same. If the same falls on Branch / Currency holiday then system needs to show an override for the same.
   Interest Code	Click Search icon to search and select the interest rate code, mentioned in the Buyers Credit Quotation received from the Lending Bank. The lookup fetches all the rate codes maintained in the back office.
   Interest Spread	Specify the interest rate spread, mentioned in the Buyers Credit Quotation received from the Lending Bank. It should be a positive numeric value.
   Interest Rate	Specify the interest rate, mentioned in the Buyers Credit Quotation received from the Lending Bank. It should be a positive numeric value.
   Interest Amount	Specify the interest amount, mentioned in the Buyers Credit Quotation received from the Lending Bank. It should be a positive numeric value.
   Import Bill Reference Number	Click Search icon to search and select the Import Bill Reference Number for which the Buyers Credit Bill is being booked. The lookup fetches all the active Import Bill for the Applicant of the Buyers Credit.
   Exporter Details	Read only field. This filed displays the exporter from the Import Bill Reference selected by the user in the Import Bill Reference Number field.
   Goods Description	Specify the details of the Goods as mentioned in the underlying Import Bill.

5. Click Submit to submit the Registration stage inputs.
   The task will move to next logical stage of Issuance of Letter of Undertaking for Buyers Credit.

   For more information on action buttons, refer to the field description table below.

   Table 2-5 Registration - Action Buttons - Field Description

   Field	Description
   Documents	Upload the documents received under the Buyers Credit. Application displays mandatory documents to be uploaded for Import LC Issuance. Place holders are also available to upload additional documents submitted by the applicant. The following documents are to be maintained for Document Upload / Linkage, Buyers Credit Request Buyers Credit Quotation.
   Remarks	Specify any additional information regarding the Issuance of Letter of Undertaking for Buyers Credit. This information can be viewed by other users processing the request.
   Overrides	Click to view overrides, if any.
   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, OBTFPMCS user can input any Customer Instructions received as part of transaction processing. This section will be enabled only for customer initiated transactions.
   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.
   Hold	The details provided will be saved and status will be on hold. User must update the remarks on the reason for holding the task. This option is used, if there are any pending information yet to be received from applicant.
   Cancel	Cancels the Issuance of Letter of Undertaking for Buyers Credit task. Details entered will not be saved and the task will be removed.
   Save & Close	Save the information provided and holds the task in ‘My Task’ queue for working later. This option will not submit the request.
   Submit	Click Submit, system will trigger acknowledgment to the customer and give confirmation message for successful submission. The task will move to next logical stage of Issuance of Letter of Undertaking for Buyers Credit. If mandatory fields have not been captured, system will display an error message until the mandatory fields data are provided.
   Checklist	Click to view the list of items that needs to be completed and acknowledge. If mandatory checklist items are not selected, system will display an error on submit.