1. Oracle Banking Trade Finance Adapter for Blockchain Interface
  2. Oracle Banking Trade Finance Blockchain Adapter
  3. Integration Process
  4. Detailed Use Case for Buyer’s Credit Solution using Blockchain
  5. Receiving Data at Lending Bank

2.4.2.3 Receiving Data at Lending Bank

Bank B/C is notified about the smart contract through the blockchain network. When the notification is received:
  • A loan contract will be created automatically
  • The loan contract will be in unauthorized state.
  • User has to identify pending loan contract authorization through query and authorize it.
  • On authorization of loan contract, MT 202 will be generated and sent to Nostro Correspondent. The loan reference number will be updated in the Smart Contract and status will be updated to identify that the loan disbursement is made.
  • When the loan is authorized in Bank B/C and the status is updated in Smart Contract as Loan Disbursed, a notification is sent to Bank A (Importer's Bank) through the blockchain network.
  • The loan disbursement details will be sent to Bank A (Importer's Bank) through blockchain.

Parent topic: Detailed Use Case for Buyer’s Credit Solution using Blockchain