5.3.1 Authorize BC Contracts

This topic provides the instructions to Authorize the BC Contracts.

This screen is used to authorize BC contract registration, input, amendment and payment operations.
Specify the User ID and Password, and login to Homepage.
  1. On the Homepage, type BCDTRAUT in the text box, and click the next arrow.
    BC Authorize Contract screen is displayed.

    Figure 5-32 BC Authorize Contract


    Description of Figure 5-32 follows
    Description of "Figure 5-32 BC Authorize Contract"
  2. Specify the details as required.
    For information on fields, refer to: Table 5-26

    Table 5-26 Authorize - Field Description

    Field Description
    Contract Reference Specify the contract number which you are authorizing
    Generate Message Check this option to generate the messages.
    Remarks Specify remarks if any
    Rekey Fields Rekey the following details to authorize a contract.
    • Bill Currency
    • Bill Amount
    • Customer ID
    • Value Date
    • Maturity Date
    • Total Paid
    Change Log Details If there are any values changed in the contract, then the following details are displayed here:

    Field Description

    Old Value

    New Value
    Overrides The following override details of the contract for all operations is displayed here:
    • Confirmed
    • Override text
    • Authorized By
    • Authorized Date
    • Status

    Note:

    If the contract has multilevel of authorization pending.

    if the level of authorization is greater than or equal to ‘N’ and if
    the limit of the authorizer is less than the difference of contract
    value and the sum of authorization limit of authorizers (if multiple
    users are authorizing the contract) involved in the authorization.

    If the transaction amount is greater than the authorizer limit in
    case of the single authorizer.

  3. While processing handoff requests from external system, Release Amount Block - Close amount block is initiated by OBTF if the release amount block parameter is enabled in Trade Finance Bank Preference

Parent topic: BC Authorize Contract Details