2.3.4 Linkage of Packing Credit Loan in Export Bills
The following steps are performed while processing the export bill with packing credit loan attached.
- Packing credit loans created in OBCL is provided to OBTF.
- Packing credit loans can be linked during purchase or discount of Export Bills / Liquidation of Export Collection Bills.
- Multiple Packing Credit Loans can be linked to a bill. Sum of linked loan amount should not be greater than the purchase amount. You can attach multiple loans for packing credit loan.
- On Save and Authorize of Export Bill, request to liquidate multiple Packing Credit Loan is logged in staging table and related accounting entries are posted.
- You can view the status of loan request processing in ‘External Loan Request Status’ field in Bills and Collections Contract Input screen.
- System posts the multi loan payment request to OBCL and the responses are sent to OBTF. The successful payments are auto-authorized.
- On successful loan liquidation and authorization, the system authorizes the bill automatically.
- In case of failure response you have to manually delete the operation.
- Link Packing Credit Loans in the Contract
This topic provides the systematic instructions to link packing credit loans in the contract.
Parent topic: Integration Process