2 Update Details of Buyers Credit

This process is used to update a Bill under Letter of Undertaking Contract.

User can modify the below details as part of update booking if required,
  1. Value Date for Disbursal
  2. Tenor
  3. Buyers Credit Due Date
  4. Interest Rate Code
  5. Interest Rate Spread
  6. Interest Rate
  7. Interest Amount
  8. Settlement Account where the repayment of the Buyers Credit has to be routed
  9. Other Bank Charge details can be captured / updated in the Other Bank Charges Details section in Other Details Hop
  10. FX Linkage can be captured / Updated
  11. Under Payments below details can be updated,
    1. Auto Liquidate
    2. Liquidate using Collateral
    3. Split Settlement Details

This topic contains following subtopics:

  • Common Initiation Stage
    This topic provides the systematic instructions to initiate the new Update Details of Buyers Credit request.
  • Registration
    This topic provides the systematic instructions to initiate the Registration stage of Update Details of Buyers Credit request.
  • Data Enrichment
    This topic provides the systematic instructions to initiate the Data Enrichment stage of Update Details of Buyers Credit 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.