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

2.4.1 Maintain the Bills and Collections Instruction Codes

This topic provides the instructions to capture the Bills and Collections Instruction Codes Maintenance details.

Register the standard set of instructions or statements that apply to the bills issued. These standard instructions appear in the correspondence and messages sent to the parties involved in a bill. Instead of specifying details of instruction each time, maintain its details in the Bills and Collections Instruction Codes Maintenance screen. The advantage of maintaining Instruction codes is that at the time of creating a product or while entering the details of a bill, specify the code assigned to the Instructions. Automatically the details maintained for the instruction code picked up. This considerably reduces time and effort as there is no need to enter the description of instruction each time used.
Specify the User ID and Password, and login to Homepage.
  1. On the Homepage, type BCDINSCD in the text box, and click the next arrow.
    Bills and Collections Instruction Codes Maintenance screen is displayed.

    Figure 2-5 Bills and Collections Instruction Codes Maintenance


    Description of Figure 2-5 follows
    Description of "Figure 2-5 Bills and Collections Instruction Codes Maintenance"
  2. On Bills and Collections Instruction Codes Maintenance screen, click New.
  3. On Bills and Collections Instruction Codes Maintenance - New, specify the details as required.
  4. Click Save to save the details or Cancel to close the screen.
    For information on fields, refer to: Table 2-3.

    Table 2-3 Bills and Collections Instruction Codes Maintenance - Field Description

    Fields Description
    Instruction Code This is a mandatory field; In Oracle Banking Trade Finance, each instruction maintained is a twelve -character code called an Instruction Code. Follow your conventions for devising the code, but ensure one of the characters is an English Alphabet.

    The code specified should be unique, which is required to identify the instruction. While creating a product, or while entering the bill details instead of specifying the Instructions required under a bill, specify the code assigned to the instruction. The instruction details will be automatically picked up and defaulted.

    To process MT734, you need to maintain the following instruction codes and link them to PAYMENT_REFUSAL advice:

    NOTIFY – This indicates that documents are on hold till the issuing bank receives a waiver from the applicant and agrees to accept it, or it receives further instructions from the presenter before agreeing to accept a waiver.

    PREVINST – This indicates that the issuing bank is acting following instructions previously received from the presenter. Capture these codes in field 77B of MT734. Link these instruction codes to the advice in the Advices/Free Format Text screen, which invokes from the Bills and Collections – Contract Input screen by clicking the Advices / FFT button. See the section Specifying instructions for a bill in the chapter Processing Bills of this User Manual for details about instruction code linkage.

    Language Code This is a mandatory field; 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 one.
    Instructions Text After assigning a code to identify an instruction, proceed to maintain the description of the instruction. The contents of the instruction that you define can contain text up to 2000 characters.

    Note:

    The Bills and Collections Instruction Codes details is available for association with Bill contracts only after authorizing the Bills and Collections Instruction Codes details

Parent topic: Bills and Collections Instruction Code Maintenance