2.4.1 Introduction

IILC - This Product is used to book the Incoming Sight Bills Not under LC Collection (Advance by Loan) for both for Credit Compliant & Discrepant Document Submitted by the Remitting bank.

IINL - This Product is used to book the Incoming Usance Bills not under LC Acceptance (Advance by Loan) for Credit Compliant & Discrepant Document Submitted by the Remitting bank.

IINM - This Product is used to book the Incoming Multi Tenor Bills not under LC Acceptance for Credit Compliant & Discrepant Document Submitted by the Remitting bank.

IBNM - This Product is used to book the Incoming Multi Tenor Bills not under LC Collection for Credit Compliant & Discrepant Document Submitted by the Remitting bank.

Purpose: To Settle the Bill Amount.