1. Bills and Collections User Guide
  2. Overview of Bills and Collections
  3. Operations on a Bill

1.2 Operations on a Bill

The operations that perform on a bill depend on the trade finance product type you are processing. Further, the messages and advices that are generated for the bill are determined by the operation you perform on the bill. The interest, charges or fees vary for each operation that you perform on the bill.

Bills are classified into following two categories:
  • Import Bills
  • Export Bills

All types of incoming bills (international and domestic) financed by your bank are termed Import bills. Similarly, all outgoing bills (international and domestic) financed by your bank are termed Export bills.

The operations that perform on a bill have been diagrammatically represented below:

Figure 1-1 Operations on a bill


Description of Figure 1-1 follows
Description of "Figure 1-1 Operations on a bill"
The system allows you to effect a change of operation for the following operation types:
  • Acceptance to Advance (automatic facility provided)
  • Acceptance to Discount
  • Collection to Purchase
  • Discount to Collection
  • Purchase to Collection
  • Acceptance to Forfaiting
  • Discount to Forfaiting
  • Collection to Transfer
  • Collection to Discount
  • Collection to Coacceptance
  • Acceptance To Free of Payment
  • Collection To Free of Payment
  • Acceptance To Coacceptance
  • Coacceptance To Discount

For instance, while processing a discounted acceptance bill, need not enter a new bill to discount the bill. Amend the operation type from acceptance to discount.

Parent topic: Overview of Bills and Collections