1. Bills and Collections User Guide
  2. Maintenance
  3. Bills and Collections Commodity Code Maintenance
  4. Maintain Bills and Collections Commodity Codes

2.3.1 Maintain Bills and Collections Commodity Codes

This topic provides the instructions to capture Bills & Collections Commodity Code Maintenance display.

A bill is an instrument used for trade payments, and trade involves merchandise. Some certain standard goods or commodities are transacted under bills. Instead of specifying details of the merchandise each time during the trade, maintain the details of the standard goods in the Bills & Collections Commodity Code Maintenance screen.

The advantage of maintaining goods details is that at the time of entering the details of a bill, you need only to specify the code assigned to the goods. The system picks all the maintained goods details automatically. This reduces your effort, where you need not enter the description of the goods each time you use it.

Maintain the details of the standard goods transacted under a bill using the Bills & Collections Commodity Code Maintenance screen.

Specify the User ID and Password, and login to Homepage.
  1. On the Homepage, type BCDCOMCD in the text box, and click the next arrow.
    Bills & Collections Commodity Code Maintenance screen is displayed.

    Figure 2-3 Bills & Collections Commodity Code Maintenance screen


    Description of Figure 2-3 follows
    Description of "Figure 2-3 Bills & Collections Commodity Code Maintenance screen"
  2. On the Bills & Collections Commodity Code Maintenance screen, click New and specify the details as required. Click Save to save the details else click Cancel.
    For information on fields, see Table 2-2

    Note:

    Please note all the fields in this table are mandatory.

    Table 2-2 Bills & Collections Commodity Code Maintenance - Field Description

    Field Description
    Goods Code In Oracle Banking Trade Finance, goods have a unique 12 character code used to identify them. Ensure one of the characters of the goods code is an alphabet. Follow your conventions for devising the code. While creating a product or at the time of entering a bill, instead of defining details of the goods transacted under the bill, you need only to specify the code assigned to the goods. The details of the products will automatically be picked up and defaulted.
    Language Code Specify the language code using which all the correspondences with the party carried out. The adjoining option list displays all available language codes. Choose the appropriate option as required
    Goods Short Description Give a brief description of the goods. Enter a maximum of 255 characters in this field.
    Goods Description After assigning a code to the goods, proceed to maintain a detailed description of the goods. The goods description can contain a maximum of 32000 characters.

    While specifying details of the goods transacted under a bill, edit the description to suit the requirements of the bill you are processing. Default this description if required. Also, use it to enter specifications such as the quality and quantity of the merchandise.
    Goods Classification This is a Mandatory field, select the type of goods from the adjoining drop-down list; the options are:
    • General
    • Licensed
    • Prohibited
    Allowed in Islamic Trade Finance Check this option to indicate support for Islamic Trade Finance.

    Note:

    The commodity code details is available for association with Bill contracts only after authorizing the commodity code details.

Parent topic: Bills and Collections Commodity Code Maintenance