Once the liquidation of Buyer's Credit contract is authorized in Bank A and status in blockchain, Smart Contract is updated as repayment, a message will be triggered to Bank B/ C through blockchain.

• A query screen will be available in Bank B/C to query the transactions for which remittance is made by Importer and loan is yet to be liquidated.
• Once the user gets a confirmation that nostro account is credited (either by way of MT910/940/950), the user will select the records from the query screen for liquidation and submit it.
• On submission system will trigger liquidation of the loan.
• Once the loan is liquidated, system will send a message to the blockchain network to update the status of smart contract to 'Closed’.
• Post validation of the request from the Lending Bank, the blockchain network updates the status of the smart contract to ‘Closed’ and sends a notification to Bank A.