7 Annexure – D
Points to be Noted
- No separate event to trigger Pre-Advise. Pre-Advise message has to be attached with BISS event and will be generated along with MT700. Since the procedure is against Market practice suggested workaround is to suppress the Generation of MT700 at the time of issuance and later manually generate LC Instrument from Outgoing Browser.
- Amendment Message has to be attached only in AMNV event.
In the following products LCY has been restricted so the FCY transaction can be tracked separately
IUNF-Import LC Usance Non Revolving- FCY
ISNF-Import LC Sight Non - Revolving-FCY
ISRF-Import LC Sight Revolving- FCY
ELRF- Export LC Revolving-FCY
ELNF- Export LC Non Revolving -FCY
Beside the above commonly used import products mentioned above following product has been created for specific requirement
LCIR – For issuing the LC that has been requested from other branch/bank with Arrears non periodic
IUNP- Advance Periodic commission
Limitations
- Linking of Free Format Text for MT747 is not supported.
- Linking of Free Format text for MT720 is not supported.
- Cancellation / Amendment of Transfer is not supported.
- Creation of a Transfer LC will automatically collect the charges and generate messages defined for BADV event. Suggested work around is to make use of a specific product for transfer with all the charges waived and Messages suppressed. User has to remove the restrictions while creating the parent contract.
- STP messages will appear as ‘Unauthorized’ in incoming browser. These messages have to be manually authorized.
- Stand By LC generation is supported only for MT700
- STP message processing for MT760 is not supported.
- Commission/Charges during Reinstate is not supported