1. Letter of Credit User Guide
  2. Process LC Contract
  3. Reverse LC
  4. Reverse an LC

4.8.1 Reverse an LC

This topic provides the systematic instruction to reverse an LC.

You can reverse any particular version of the LC Contract or entire LC. This can achieved through reversal operation. The Reversal of an LC should be authorized by a user, bearing a different User ID, before the End of Day Operation begins. This is applicable for Guarantees and Standby Letters of Credit.
  1. Click Reversal icon once you view the LC details in the Detailed View screen.
    You can select either of the options for reversal:
    • Contract Reversal
    • Event Reversal
    Oracle Banking Trade Finance will prompt you to confirm the reversal of the LC.

    Figure 4-47 Select Event


    Description of Figure 4-47 follows
    Description of "Figure 4-47 Select Event"

Parent topic: Reverse LC