1. Islamic Bills and Collections User Guide
  2. Islamic Bills Maintenance
  3. Commodity Codes
  4. Maintain Commodity Codes

2.2.1 Maintain Commodity Codes

This topic describes the systematic instruction to maintain the goods.

A bill is an instrument, which is used for trade payments and trade involved merchandise. Certain standard goods or commodities are transacted under bills. You can maintain the details of the standard commodities in the Bills & Collections Commodity Code Maintenance screen without specifying the details of the merchandise each time when they are traded. You need to only specify the code assigned to the goods at the time of entering the details of a bill. This screen automatically picks all the details maintained for the commodity code. So you do not enter the description of the commodities each time you need to use it.

This maintenance is common for both BC and IB modules.

Specify User ID and Password, and login to Homepage.
  1. On Homepage, type BCDCOMCD in the text box, and then click next arrow.
    The Bills & Collections Commodity Code Maintenance screen is displayed.

    Figure 2-3 Bills & Collections Commodity Code Maintenance


    Description of Figure 2-3 follows
    Description of "Figure 2-3 Bills & Collections Commodity Code Maintenance"
  2. On Bills & Collections Commodity Code Maintenance screen, click New.
    If you are calling a maintenance record that has already been defined, choose the Summary option under Commodities. From the Summary screen, double click on a commodity code to open it.
    1. To call a document maintenance record that area already defined, select the Summary option under Documents.
    2. Double click on a document code of your choice to open it.
    The Summary screen is displayed.
  3. On Bills & Collections Commodity Code Maintenance screen, specify the fields.
    For more information on the fields, refer to the below Field Description table.

    Table 2-2 Bills & Collections Commodity Code Maintenance - Field Description

    Field Description
    Goods Code Specify the goods code.

    In Oracle Banking Trade Finance, goods are identified by a twelve-character code called a Goods Code. One of the characters of the goods code must be an alphabet. You can follow your own conventions for devising the code.

    The goods code must be unique as it is used to identify the goods. While creating a product or at the time of entering a bill, instead of defining details of the goods transacted under the bill, you need to only specify the code assigned to the goods. The details of the goods will automatically be picked up and defaulted.

    This field is mandatory.
    Language Code Specify the language code using which all the correspondences with the party should be carried out. Click the adjoining option list icon to view the list of available language codes.

    This field is mandatory.
    Goods Short Description Give a brief description of the goods.

    This field is mandatory.
    Goods Description Specify goods description.

    While specifying details of the goods transacted under a bill, you can edit the description that is defaulted to suit the requirements of the bill you are processing. You can also use it to enter specifications such as the quality and quantity of the merchandise.

    This field is mandatory.
    Goods Classification Select the type of the goods from the adjoining drop-down list. the options are:
    • General
    • Licensed
    • Prohibitive

    This field is mandatory.
    Allowed in Islamic Trade Finance Check this option to indicate support for Islamic Trade Finance.
  4. On Bills & Collections Commodity Code Maintenance screen, click Fields.
    The User Defined Fields screen is displayed.

    Figure 2-4 User Defined Fields


    Description of Figure 2-4 follows
    Description of "Figure 2-4 User Defined Fields"

    You can link the User Defined Fields with Bills & Collections Commodity Code Maintenance screen using User Defined Fields Function Field Mapping Maintenance screen.

    Note:

    Value for UDF can be made mandatory or non mandatory as maintained in the Field description screen.
  5. To open this screen from the Application Browser, select Common Entity, then Maintenance and then UDF Function Field Mapping. The value for these fields can be specified in the Bills & Collections Commodity Code Maintenance screen.
  6. Make the mandatory entries.
    User ID displays in the Maker field at the bottom of the screen. The date and time at which you saved the record display in the Date Time field.

    A record that you have created must be authorized by a user bearing a different login Id, before the EOD is run. Once the record is authorized, the Id of the user who authorized the record will be displayed in the Checker field. The date and time at which the record has been authorized will be displayed in the Date Time field positioned next to the Checker field. The status of the record will be displayed as Authorized. The field will remain unauthorized until the record is authorized.

  7. Click Exit to return to Bills & Collections Commodity Code Maintenance screen.

Parent topic: Commodity Codes