1. Letter of Credit User Guide
  2. Annexure A - Accounting Entries for LCs
  3. Event-wise Accounting Entries
  4. AMND: Amendment

14.2.9 AMND: Amendment

Liability

Reverse all the previous entries for booking. Re-book entries based on BISS or BADV or BPRE or BANC.

Table 14-39 Accounting Entries

Role Amount Tag Dr/Cr
LC_OCU ADV_LIAB_OS_AMT Dr
LC_OCU_OFFSET ADV_LIAB_OS_AMT Cr
LC_CNF CNF_LIAB_OS_AMT Dr
LC_CNF_OFFSET CNF_LIAB_OS_AMT Cr
Undertaking Amount

When Undertaking Amount is reduced as part of amendment, the accounting entries passed during “AMND” event
are as follows:

Table 14-40 Accounting Entries

Role Amount Tag Dr/Cr
LC_OCU REIM_NON_UND_AMT Dr
LC_OCU_OFFSET REIM_NON_UND_AMT Cr
LC_REM_NU_OFF REIM_NON_UND_AMT Dr
LC_REM_NU REIM_NON_UND_AMT Cr

Table 14-41 Accounting Entries(Collateral with Split details)

Role Amount tag Dr/Cr
COLL_CUST_ACC COLL_AMNDAMT_S01 Dr
COLL_CUST_ACC COLL_AMNDAMT_S02 Dr
LCCOLL_INT_ACCT COLL_AMNDAMTEQ Cr
COLL_CUST_ACC COLL_AMT_DECR_S01 Cr
COLL_CUST_ACC COLL_AMT_DECR_S02 Cr
LCCOLL_INT_ACCT COLL_AMT_DECREQ Dr
When Undertaking Amount is increased as part of amendment, the accounting entries passed during AMND event are as follows:

Table 14-42 Accounting Entries

Role Amount Tag Dr/Cr
LC_OCU_OFFSET REIM_UND_AMT Dr
LC_OCU REIM_UND_AMT Cr
From Customer and OBP account

Table 14-43 Accounting Entries

Role Amount Tag Dr/Cr
COL_CUST_ACC COLL_AMNDAMT Dr
LCCOLL_INT_ACCT COLL_AMNDAMTEQ Cr
COL_OBP_ACC COLL_AMNDAMT_OBP Dr
LCCOLL_INT_ACCT COLL_AMNDAMTEQ_OB P Cr
LCCOLL_INT_ACCT COLL_AMT_DECR Dr
COLL_CUST_ACC COLL_AMT_DECREQ Cr
LCCOLL_INT_ACCT COLL_AMT_DECR_OBP Dr
COLL_OBP_ACC COLL_AMT_DECREQ_O BP Cr

Parent topic: Event-wise Accounting Entries