2.4.5 Detailed Coverage (description of the product)
| Product Code | IILC |
|---|---|
| Description | Incoming Sight Bills Not Under LC Collection (Advance by Loan). |
| BC Type | Import |
| Tenor Code | Sight |
| Under LC | No |
| Document | Documentary |
| Operation | Collection |
| Product Code | IBNM |
|---|---|
| Description |
Incoming Documentary Multi Tenor Bills Not Under LC Collection |
| BC Type | Import |
| Tenor Code | Multi tenor |
| Under LC | No |
| Document | Documentary |
| Operation | Collection |
| Product Code | IILC/IBNM |
|---|---|
| Product Preferences | |
| Auto Liquidate BC Contracts | No |
| Auto Status Change | Yes |
|
Auto Change from Acceptance to Advance |
No |
| Accrual Freq | Daily |
| Interest Comp to be Collected in | Advance |
| Allow Prepayment of Interest | No |
| Default Rate Type | STANDARD |
| Accep Commission Preference | No |
| Advance By Loan | Yes |
| Loan Product | IBCL |
| Link to Loan(Export Bills) | No |
| Product Code | IINL |
|---|---|
| Description | Incoming Usance Bills Not Under LC Acceptance |
| BC Type | Import |
| Tenor Code | Usance/Multi tenor |
| Under LC | No |
| Document | Documentary |
| Operation | Acceptance |
| Product Code | IINM |
|---|---|
| Description |
Incoming Clean Multi Tenor Bills Not Under LC On Acceptance
|
| BC Type | Import |
| Tenor Code | Multi tenor |
| Under LC | No |
| Document | Documentary |
| Operation | Acceptance |
Parent topic: Product Code – IILC/IINL/IINM/IBNM