This topic provides the systematic instructions to Transfer Islamic LC.

1. On the Homepage, type LIDTRANF in the text box, and click the next arrow.
   Islamic LC Transfer Input screen is displayed.

   Figure 9-1 Islamic LC Transfer Input

   
   Description of "Figure 9-1 Islamic LC Transfer Input"
2. On the Islamic LC Transfer Input screen, click New.
3. On the Islamic LC Transfer Input - New screen, specify the details as required.
4. Click Save to save the details OR Cancel to close the screen.

   Indicate the Islamic LC from which you want to effect the transfer. Select a valid Islamic LC

   Reference from the option list. The manner in which Oracle Banking Trade Finance handles a transfer is different for import and export Islamic LCs.

   Refer to the title ‘A note on transfers made from Import and Export Islamic LCs’ for more details.

   To create child contract in Transfer Type product, Use Transfer Product has to be checked at Trade Finance Bank Preference Maintenance screen and Transfer Type product has to be maintained.

   Creation of transfer contract is supported from LIDTRONL screen with product type as Transfer and Transferred LC flag checked if Use transfer product flag is checked at bank level.

   Error will be displayed when transferred flag is unchecked for Transfer product type contract creation.

   If use transfer product flag is not checked at the bank level, contracts under Transfer product type will not be allowed to be created.

   Transferred Contract with new product code will have product type as Transfer in LIDTRONL and LIDAMEND screens.

   New product Type ‘T’ will be available in LISTRONL summary screen for Query

   Transfer product Flag at LISPRMNT summary screen, will list product codes based on the Transfer product type.

   For more information on fields, refer to the field description table below:

   Table 9-1 Islamic LC Transfer Input - Field Description

   Field	Description
   Transfer Amount	The transfer amount is the amount that should be transferred from the original Islamic LC. You can only transfer an amount that is less than or equal to the amount available under the original Islamic LC.
   Expiry Date	The expiry date is the date upto which the transferred Islamic LC is valid. The expiry date of the original Islamic LC is defaulted. You can change the defaulted date. However, the expiry date cannot be earlier than the Islamic LC issue date or today's date. Note: In the case of an export Islamic LC, the expiry date is earlier than today's date to cater to the late receipt of the Islamic LC. However in this case you are prompted for an override.
   Latest Shipment Date	The shipment date is the latest date by which the shipment of the goods specified for the transferred Islamic LC should take place. The latest shipment date of the original Islamic LC is defaulted. You can change the defaulted date. However, the date you enter should not be earlier than the Issue Date of the Islamic LC and later than the expiry date. If the latest shipping date that you specify for an Islamic LC falls on a holiday in the Islamic LC currency, you are prompted for an override. It is mandatory for you to enter the ‘Shipment Date’ if you are processing an Import Islamic LC.
   Period For Presentation	The period of presentation defined for the product - or calculated for the LC, as the case may / is displayed. You can change the default to suit the LC you are processing.
   Remarks	Specify remarks if any.
   Expiry Place	The system displays the expiry place details. This field is optional.
   Transfer Product Code	Provide the Transfer Type product code.
   To Ref No	Specify the reference number to which the LC should be transferred.
   To User Ref No	Specify the user reference number to which the LC should be transferred.
   Transfer Date	Specify the date of transfer.
   Positive Tolerance	Provide the positive tolerance. This field is optional. This field is not allowed to be modified When Use Transfer Product is checked at Trade Finance Bank Preference Maintenance screen.
   Negative Tolerance	Provide the negative tolerance. This field is optional. This field is not allowed to be modified When Use Transfer Product is checked at Trade Finance Bank Preference Maintenance screen.
   Credit Available With	The system displays the details of credit available. This field is optional. This field is not allowed to be modified When Use Transfer Product is checked at Trade Finance Bank Preference Maintenance screen.
   LC Available Amount	The amount available on the chosen LC is displayed here.
   Sanction Check Status	Select the sanction check status from the drop-down list. The system displays the following statuses: P - Pending X - Pending A - Approved R - Rejected N - Not Required
   Last Sanction Check Date	Specify the last sanction check date from the adjoining calendar. Note: For more information on processing sanction check refer Processing Sanction Check section in LC user manual.
   Payment Mode	.Indicates the mode of payment through which the LC will be settled. Values will be: A: Acceptance P: SightPayment M: Mixed Payment D: Deferred Payment N: Negotiation This field is not allowed to be modified When Use Transfer Product is checked at Trade Finance Bank Preference Maintenance screen.
   Payment Details	Indicates Payment details This field is not allowed to be modified When Use Transfer Product is checked at Trade Finance Bank Preference Maintenance screen.
   Charges From Beneficiary	Specify the payment conditions for beneficiary. This field is optional. This field is not allowed to be modified When Use Transfer Product is checked at Trade Finance Bank Preference Maintenance screen.
   Confirmation Instructions	Indicates Confirmation Instructions namely May Confirm, Confirm
   Beneficiary Account	Specify the account details of beneficiary. This field is read only.
   Requested Confirmation Party	Indicates Requested Confirmation Party details when confirmation instructions is provided. Can be Advising Bank, ATB, Confirming Bank
   Conditions for Beneficiary	Specify the payment conditions for beneficiary. This field is optional. This field is not allowed to be modified When Use Transfer Product is checked at Trade Finance Bank Preference Maintenance screen.
   Conditions for Receiving Bank	Specify the payment conditions for receiving bank. This field is optional. This field is not allowed to be modified When Use Transfer Product is checked at Trade Finance Bank Preference Maintenance screen.

5. On Islamic LC transfer input screen, Click Parties.
   The ‘Parties’ screen is used to record details related to the parties involved in the transfer. The documents, tracers and messages that are generated are sent to all the parties concerned, based on the details you specify in this screen.
   Islamic LC transfer input - Parties, screen is displayed.

   Figure 9-2 Islamic LC transfer input - Parties

   
   Description of "Figure 9-2 Islamic LC transfer input - Parties"
6. On the Parties tab, specify the details as required.
   The Party Types that is involved in the transfer of an Islamic LC are the advising Bank and the Beneficiary.

   For more information on fields, refer to the field description table below:

   Table 9-2 Parties - Field Description

   Field

   Description

   Party Type

   The CIF ID assigned to the party, if the party is defined as a customer in Oracle Banking Trade Finance. Specify the ‘Party ID’ for which you need to maintain specific parameters. Alternatively, you can select the ‘Customer No’ from the adjoining option list also. Note: BIC Code appears next to the ‘Customer No’ only if the BIC Code is mapped with that customer number’. If the BIC code is not mapped with that customer number then the BIC Code will not appear next to the Customer No in the adjoining list. The name of the party (It is 150 characters in length. However, note that only 35 characters is included in the SWIFT messages that you generate for the transfer). The country to which the party belongs The mailing address of the party

7. On the Islamic LC transfer Input screen, click Documents.
   Islamic LC transfer Input - Documents screen is displayed.

   Figure 9-3 Islamic LC transfer Input - Documents

   
   

   
   Description of "Figure 9-3 Islamic LC transfer Input - Documents"

   
   

   Documents and clauses of Invoice type is allowed to be modified. Rest of the documents and clauses are not allowed to be modified when use transfer product flag is checked at Trade Finance Bank Preference Maintenance screen.

8. On the Document tab, specify the details as required.
   The following details are specified for a transferred Islamic LC:

   • Details of the merchandise traded
   • Shipment Details
   • The documents and clauses that should accompany the goods

   For more information on fields, refer to the field description table below:

   Table 9-3 Document - Field Description

   Field	Description
   Specify Details of the Documents Applicable to the Transfer There are some standard documents required under a documentary Islamic LC. In this screen you can specify the documents that are required under the Islamic LC being processed. These details are a part of the Islamic LC instrument sent to the advising bank, the advice through bank or the beneficiary. All the documents specified for the product to which the Islamic LC is linked is defaulted to this screen. The details specified for these documents such as the document type, description, the number of copies required, the number of copies issued, the clauses specified for the document are also defaulted from the product. You can edit the description of the document that is defaulted to suit the Islamic LC you are processing. You can add to or delete from the list of documents that are defaulted. To add a document for the Islamic LC, click add button. To delete a document that is not required for the Islamic LC, highlight the document code and click on the delete button.
   Specify Clauses for a Document The Clauses associated with the documents that you specified for the transfer are defaulted. When you highlight a document code, all the clauses defined for the document are displayed in the Clauses window. You can add to or delete from the list of clauses that are defaulted. To add a clause to a document for the Islamic LC, click on the add button. To delete a clause that is not required for the Islamic LC, highlight the Clause code and click on the delete button.

9. On the Islamic LC transfer Input screen, click Shipment.
   Islamic LC transfer Input screen - Shipment screen is displayed.

   Figure 9-4 Islamic LC transfer Input screen - Shipment

   
   

   
   Description of "Figure 9-4 Islamic LC transfer Input screen - Shipment"

   
   
10. On the Shipment tab, specify the details as required.

    There are certain standard clauses and conditions, associated with the shipment of the merchandise traded under an Islamic LC.

    For more information on fields, refer to the field description table below:

    Table 9-4 Shipment - Field Description

    Field	Description
    From	Specify the location from whom the goods transacted under the Islamic LC should be shipped. This field is not allowed to be modified When Use Transfer Product is checked at Trade Finance Bank Preference Maintenance screen.
    To	Specify the destination to which the goods transacted under the Islamic LC should be sent. This field is not allowed to be modified When Use Transfer Product is checked at Trade Finance Bank Preference Maintenance screen.
    Port of Loading	Specify the name of the airport from where the goods transacted under the Islamic LC are loaded for shipping. This field is not allowed to be modified When Use Transfer Product is checked at Trade Finance Bank Preference Maintenance screen.
    Port of Discharge	Specify the name of the destination port to which the goods transacted under Islamic LC should be sent. This field is not allowed to be modified When Use Transfer Product is checked at Trade Finance Bank Preference Maintenance screen.
    Note: You can amend the value of ‘Port of Loading’ and ‘Port of Discharge’ after authorization. Besides these details, you can also specify shipping preferences like: Should Trans-shipment be allowed under the Islamic LC Should partial shipment of the goods be allowed under the Islamic LC Shipping marks Additional shipment details

11. On the Islamic LC Transfer Input screen, click Goods.
    Islamic LC Transfer Input - Goods screen is displayed.

    Figure 9-5 Islamic LC Transfer Input - Goods

    
    

    
    Description of "Figure 9-5 Islamic LC Transfer Input - Goods"

    
    

    Note:

    Goods are not allowed to be added or removed when use transfer product flag is checked at Trade Finance Bank Preference Maintenance screen.

    Table 9-5 Goods - Field Description

    Field	Description
    Goods Code	You have maintained various codes that have been allotted, for commodities normally traded in your country. Select the applicable code for the Islamic LC you are processing.
    Goods Description	Specify the description. The description of this code (which could be 6500 characters long), is changed to suit the Islamic LC you are processing. You can also enter specifications such as the quality and quantity of the merchandise.
    Description for Pre-advice	If pre-advice is one of the advices for the transfer, you should enter the details of the Islamic LC briefly, as a pre-advice description. This is a part of the pre-advice that is generated. Typically, a pre-advice is sent by SWIFT or cable and contains brief details of the Islamic LC. This is followed by the Islamic LC instrument will contain all the details of the Islamic LC.

12. On Islamic Letters of Credit Transfer Input screen, click Parties Limits.
    Islamic Letters of Credit Transfer Input - Parties Limits screen is displayed.

    Figure 9-6 Islamic Letters of Credit Transfer Input - Parties Limits

    
    

    
    Description of "Figure 9-6 Islamic Letters of Credit Transfer Input - Parties Limits"

    
    
13. On Islamic Letters of Credit Transfer Input - Parties Limits screen, specify the details as required.
14. Click Ok to save the details OR Cancel to close the screen.
    For more information on fields, refer to the field description table below:

    Table 9-6 Parties limits - Field Description

    Field	Description
    Party	Specify the type of the party whose credit limits need to be tracked. If you click the ‘Default’ button, in the first row, the system defaults the party type based on the details maintained under ‘Parties’ tab of the screen. However, you need to make sure that the mandatory party details have been maintained under the ‘Parties’ tab of the screen. When you add another row to the list, you can manually select the party type as required. If you leave it blank, the system will automatically update the party type when you save the transfer details.
    Customer No	Specify the customer number of the party whose credit limits need to be tracked. The option list displays the customer numbers of all the parties selected under the ‘Parties’ tab. Choose the appropriate one. Specify the Customer Number for which you need to maintain specific parameters. Alternatively, you can select ‘Customer Id’ from the adjoining option list also. Note: BIC Code appears for a ‘Customer Id’ only if the BIC Code is mapped to that ‘Customer Id’.If the BIC code is not mapped to that ‘Customer Id’ then the BIC Code will not appear next to the ‘Customer Id’ in the adjoining list.
    Liability Number	The system displays multiple liabilities that are attached to the Customer.
    Linkage Type	Specify the linkage type. The drop-down list displays the following options: Choose the appropriate one.
    Linkage Reference No	Specify the reference number that identifies the facility or collateral pool. The option list displays all valid facilities and collateral pools specific to the liability. Choose the appropriate one. In case you choose the same linkage reference for more than one record in the list, the system displays an override message. You may choose to cancel or proceed with the selection.
    Contribution	Specify the proportion of limits to be tracked for the credit line or collateral pool for the customer. When you click ‘Default’ button, the system defaults the percentage of contribution maintained sub-screen of ‘Customer Maintenance’ screen.
    Amount Tag	Specify the amount tag. The system tracks the limits for customers based on the amount tag. The amount tags applicable to Islamic export and import LC contracts are listed below: Amount tags applicable to Islamic Export LC: Liability Amount Confirmed Amount Unconfirmed Amount Amount tags applicable to Islamic Import LC: Liability Amount Undertaking Amount Non Undertaking Amount Choose the appropriate one based on the type of Islamic LC contract. If you do not specify the amount tag, the system will track the limits based on the liability amount and facility.The system verifies the amount tag against the product type. If you choose an amount tag, which is not supported by the product type, the system displays an error message.
    Amount	When you click the ‘Default’ button, the system defaults the amount tracked for each credit line. In the case of other customers, the amount is derived based on the amount tag specified above. You can add more rows to the list of credit lines using the add button. Similarly, you can remove a selected row from the list using the delete button.

15. On the Islamic LC Transfer Input screen, click Charges.
    Charge Details screen is displayed.

    Figure 9-7 Charge Details

    
    

    
    Description of "Figure 9-7 Charge Details"

    
    

    Note:

    Refer the Charges and Fees User Manual under Modularity for further details about this screen.
16. On the Islamic LC Transfer Input screen, click Event details.
    Main screen is displayed.

    Figure 9-8 Main

    
    

    
    Description of "Figure 9-8 Main"

    
    
17. On the Main screen, Specify the details as required.
    (Optional) Enter the result of the step here.
18. On the Main screen, click Accounting Entries.
    Accounting entries accounting entries for the event that is highlighted.
19. On the Main screen, click Message
    Messages applicable to the event is displayed.
20. Click Exit to close the screen.
    (Optional) Enter the result of the step here.
21. On the Islamic LC Transfer Input screen, click Settlements.
    Settlement Details screen is displayed.

    Figure 9-9 Settlement Details

    
    

    
    Description of "Figure 9-9 Settlement Details"

    
    

    Current Event:

    Current event of settlements will be checked for the amount tags pertaining to the current event and will be unchecked for the amount tags not pertaining to the current event.

    Note:

    The details of these screens have been discussed in the Settlements user manual.
22. On the Islamic LC Transfer Input screen, click Fields.
    Fields screen is displayed.

    Figure 9-10 Fields

    
    
    Description of "Figure 9-10 Fields"
    

    Note:

    The User Defined Fields (UDFs) maintained for the linked function id are displayed here. You can specify values for them. Refer the User Manual titled ‘User Defined Field’ for details about defining UDFs.
23. On the Islamic LC Transfer Input screen, click Message Preview.
    For the contract, you can view the following details of the messages:

    • The document number generated for the message/advice
    • Type of message generated for the event
    • Customer ID of the receiver of the message/advice
    • Name of the receiver of the message/advice
    • Media of transmitting the message/advice (Mail/SWIFT)
    • SWIFT message type of the message
    • Status of the message/advice
    Message Preview screen is displayed.

    Figure 9-11 Message Preview

    
    
    Description of "Figure 9-11 Message Preview"
    

    Note:

    For further details on this screen, refer to the chapter ‘Processing an Islamic LC Contract’ in this user manual.
24. On the Islamic LC Transfer Input screen, click Remarks.
    History of Remarks screen is displayed.

    Figure 9-12 History of Remarks

    
    
    Description of "Figure 9-12 History of Remarks"
    

    Note:

    For more details on this screen refer to the section ‘Remarks ‘in this user manual.
25. On the Islamic LC Transfer Input screen, click Common Group Message.
    Common Group Message screen is displayed.

    Figure 9-13 Common Group Message Maintenance

    
    
    Description of "Figure 9-13 Common Group Message Maintenance"
    

    Note:

    For field descriptions of the above screen refer section ‘Common Group Message Maintenance’ in chapter titled ‘Defining Free Format Messages’ in ‘Messaging System User Guide’. You can enter the details of the message and the message is saved when the contract is saved. The saved messages is viewed in the message preview subsystem before authorization. On authorization of the contract, the message is generated. After authorization, the messages is viewed from ‘All Messages’ subsystem and ‘Events’ subsystem.

    The common group messages which are supported are listed below:

    Table 9-7 Supported List

    Field	Description
    n90	Advice of Charges, Interest and Other Adjustments
    n91	Request for Payment of Charges, Interest and Other Expenses
    n92	Request for Cancellation
    n95	Queries
    n96	Answers
    n98	Proprietary Message
    n99	Free Format

26. On the Islamic LC Transfer Input screen, click the Customer Instructions tab.

    The Customer Instructions screen is displayed.

    Figure 9-14 Customer Instructions

    
    
    Description of "Figure 9-14 Customer Instructions"
    

    Table 9-8 Customer Instructions - Field Description

    Field	Description
    Contract Reference Number	System displays the contract reference number.
    Event Code	System displays the Event Code of the contract.
    Standard Instructions Customer would want to give Standard instructions in advance to the bank that need to be referred by the bank while processing certain type of transactions.
    Instruction ID	System displays the Instruction ID.
    Instruction	System displays the customer standard instruction.
    Instruction Date	System displays the start date of the customer instruction.
    Instruction Expiry Date	System displays the expiry date of the customer instruction.
    Transaction Level Instruction	Enter the transaction level instructions for the event.

27. On the Islamic LC Transfer Input screen, click Transfer Details.
    The following transfer details are displayed:

    • The Islamic LC from which you are transferring funds
    • The transfer amount
    • The transfer date
    • The expiry date
    • The shipment date
    Transfer details screen is displayed.

    Figure 9-15 Transfer details

    
    
    Description of "Figure 9-15 Transfer details"
    

• Note on Transfers from Import and Export Islamic LCs