3 Common Events
| Events | Description |
|---|---|
| ACCR | Accrual This event is fired whenever a periodic commission is linked to an LC and it has to be accrued |
| AMND | Amendment This is the event fired whenever an LC is amended without any change in operation i.e. amendment from Preadvice to advice is not AMND but a change in the LC amount for the AMND event |
| AVAL | Availing an LC This is fired whenever an LC is availed i.e. the LC amount is actually paid. |
| CALC | Calculation of Commission This event too is fired when the calculation of the periodic commission takes place. It is a purely internal event. |
| CANC | Cancellation This is when an already issued or advices LC is cancelled. |
| CLIQ | Commission Liquidation This is the event when a periodic commission is liquidated |
| CLOS | Closure of an LC This is the event when the LC is finally closed after it has run its lifetime. |
| RAVL | Reversal of an Availment |
| REVR | Reversal of the Contract. |
| ROPN | Reopening of an LC after closure |
| REVE | This event is to reverse the previous version creating event |
| REAS | Reassign it means the reassignment of a contract from one user to another. |
| REIN | Reinstate This means the reinstatement of an LC to its original amount. It is similar to Rollover. |
| TRGN | Tracer generation Tracers are generated for Import LCs and when this is done this event is fired. |
| GCLM | Guarantee Claim Processed when Claim is Lodged. |
| GCAM | Guarantee Claim Amendment Processed when Claim Lodged is Amended. |
| GCLP | Guarantee Claim Payment Processed when Settlement is done for Claim. |
| GCLR | Guarantee Claim Rejection Processed when Claim Lodged is Rejected. |