1. Bills and Collections User Guide
  2. Maintenance
  3. Bills and Collections Insurance Company Maintenance
  4. Maintain the Bills and Collections Insurance Company Details

2.7.1 Maintain the Bills and Collections Insurance Company Details

This topic provides the instructions to capture Bills & Collections Insurance Company Maintenance details.

A bill, as an instrument used for trade payments, involves the shipment of large merchandise over long distances. To cover the loss or damage of the goods during the transition, most merchandise traded insures under an insurance policy.

Oracle Banking Trade Finance maintains the details of different Insurance companies, through the Bills & Collections Insurance Company Maintenance screen.

At the time of capturing the details of a Bill contract in the system, associate the appropriate Insurance Company Code with the contract. Upon selection of the code, all the details maintained for the selected code will be automatically picked up by the system. Subsequently, on receipt of the insurance policy from the company, the insurance policy number can also be captured in the relevant contract.

Specify the User ID and Password, and login to Homepage.
  1. On the Homepage, type BCDINSCO in the text box, and click the next arrow.
    Bills and Collections Insurance Company Maintenance screen is displayed.

    Figure 2-11 Bills and Collections Insurance Company Maintenance


    Description of Figure 2-11 follows
    Description of "Figure 2-11 Bills and Collections Insurance Company Maintenance"
  2. On the Bills & Collections Insurance Company Maintenance screen, click New.
  3. On the Bills & Collections Insurance Company Maintenance - New screen, 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 2-6

    Table 2-6 Bills & Collections Discrepancy Codes Maintenance - Field Description

    Field Description
    Discrepancy Code Details

    The following are the discrepancy code details.
    Discrepancy Code In Oracle Banking Trade Finance, each discrepancy maintain is a 12-character unique code called a Discrepancy Code used to identify the discrepancy. Follow your convention to devise the code, but ensure one character of this code is an English Alphabet.

    While creating a product, or at the time of entering the details of a bill, instead of specifying the discrepancy codes applicable to a bill, you need only to specify the code assigned to the discrepancy. The details maintained for the discrepancy code will be automatically picked up and defaulted
    Language Code Specify the language code using all the correspondences with the party carried out. The adjoining option list displays all available language codes. Choose the appropriate one.
    Description After you have assigned a code to identify a discrepancy, proceed to maintain the description of the discrepancy. The contents of the discrepancy that you define can contain text up to three thousand five hundred characters.

    After making the mandatory entries, save the record and display the ID in the Marker field at the bottom of the screen.

    Authorize the record created bearing a different login Id before running the EOD to display the Id in Checker field. The Date/Time field displays the Authorized date and time next to the Checker field.

    Note:

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

Parent topic: Bills and Collections Insurance Company Maintenance