1. Islamic Letters of Credit
  2. Islamic LC Availment Input
  3. Islamic LC Liability Reversal

6.2.2 Islamic LC Liability Reversal

When an Islamic LC is availed using a Bill (or using the Availment function from the Browser), the Availment Amount and the Liability Percentage specified for the underlying Islamic LC contract, will be used in computing the default Liability Amount. The default value that is displayed can be changed.

Note:

During availment, the Positive Tolerance Percentage specified for the Islamic LC is not taken into account to compute the default value of the Liability Amount.

Parent topic: Islamic LC Availment Input