2.9.4 Detailed Coverage (description of the product)
| CODE | ELAC |
|---|---|
| DESC |
Export LC with Adding Confirmation
|
| TYPE | Export |
| Revolving | N |
| Tenor | |
| Standard | 90 |
| Minimum | 30 |
| Maximum | 360 |
| Tolerance Percentage | |
| Positive | 10 |
| Negative | 10 |
| Exchange Rate Related Details | |
| Default Rate Type | Standard |
| Rate Override Limit | 3 |
| Rate Stop Limit | 10 |
| Other Preferences | |
| Collateral Percentage | NA |
| Period of Presentation | NA |
| Applicable Rules | UCPURR LATEST VERSION |
| Allow Prepay | NO |
| Confirmation Required | NO |
Parent topic: Export LC with Adding Confirmation (ELAC)