1. Islamic Bills and Collections User Guide
  2. Define Attributes of Islamic Bills and Collections Product
  3. Characteristics for a Product

3.1 Characteristics for a Product

In this screen, you can enter basic information relating to an IB product such as the Product Code, the Description, and so on.

The primary attribute of a product is whether the Bills linked to it are either:
  • Import Bills under LCs
  • Import Bills not under LCs
  • Export Bills under LCs
  • Export Bills not under LCs
  • Incoming Collections
  • Outgoing Collections
  • Usance or Sight Bills
  • Documentary or Clean Bills

The first attribute you define for a product is its Type. Once you have made this basic classification you can tailor the product to suit your requirements. To explain further, within the broad categories of the type of Bills listed above you can further define attributes that are characteristic to each type. Each of these types that you define, with its distinctive features, constitutes a Product in Oracle Banking Trade Finance.

Since you define products for convenience, all the Bills involving the product inherit the attributes defined for the product. Yet, you have room for flexibility. You can change the inherited attributes of a specific bill to suit your requirement at the time of processing it.

For any product you create in Oracle Banking Trade Finance, you can define generic attributes, such as branch, currency, and customer restrictions, profit details, tax details, etc., by clicking on the appropriate icon in the horizontal array of icons in this screen. For an IB product, in addition to these generic attributes, you can specifically define other attributes. These attributes are discussed in detail in this chapter.

You can define the attributes specific to an IB product in the Product Definition screen and the IB Product Preferences screen. In these screens, you can specify the product type and set the product preferences respectively.

For further information on the generic attributes that you can define for a product, please refer the following Oracle Banking Trade Finance User Manuals under Modularity:
  • Product Definition
  • Profit
  • Charges
  • Tax
  • User Defined Fields
  • User Defined Events
  • Settlements

You can define product restrictions for branch, currency, customer category and customer in Trade Finance Product Restrictions (CSDTFPDR) screen.

For details on product restrictions refer Trade Finance Product Restriction Maintenance chapter in Core Service User Manual.

You can define User Defined Fields in Trade Finance Product UDF Mapping screen (CSDTFUDF).

For details on Trade Finance User Defined Fields screen refer Other Maintenances chapter in Core Service User Manual.

  • Define Characteristics for Product
    This topic describes the systematic instruction to define the characteristics for product in Islamic Bills & Collections Product Definition screen.

Parent topic: Define Attributes of Islamic Bills and Collections Product