Table of Contents
- Title and Copyright Information
- Preface
- 1 An overview of Letters of Credit
-
2
LC Maintenance
- 2.1 Maintain Document Details
- 2.2 Clause Details
- 2.3 Goods Details
- 2.4 Import License Details
- 2.5 View Import License Summary Details
- 2.6 Free Format Text Codes
- 2.7 Insurance Company Details
- 2.8 Trade License Details
- 2.9 Exchange Rates for Bills Details
- 2.10 INCO Terms Details
- 2.11 Open Insurance Policy Details
- 2.12 Blacklist LCs
- 2.13 Maintain Branch Parameters for Letters of Credit
- 2.14 List of Glossary - LC Maintenance
- 3 Define Product Attributes
-
4
Process LC Contract
- 4.1 LC Contract Details
- 4.2 View LC Contract
- 4.3 Authorize a Contract
- 4.4 Multilevel Authorization of a Contract
- 4.5 Cancel LC
- 4.6 Close LC
- 4.7 Reopening LC
- 4.8 Reverse LC
- 4.9 Reassigning a Contract to another User
- 4.10 Liquidate Components
- 4.11 Import License Utilization
- 4.12 View Import License Utilization Summary Details
- 4.13 View Import License Utilization Details
- 4.14 List of Glossary - Process LC Contract
- 5 LC Availment
-
6
Amend Details of LC
- 6.1 Amend LC
- 6.2 Utilize Import Licenses
- 6.3 Confirm Amended Details
- 6.4 Amend details using the Contract
- 6.5 View LC Amendment
- 6.6 Upload LC Amendment
- 7 Letter of Credit Registration
- 8 Amend Details of LC
-
9
Guarantees and Standby Letters of
Credit
- 9.1 Introduction
- 9.2 Guarantees and Standby Letters of Credit Contract Input
- 9.3 Guarantees and Standby Letters of Credit Amendment
- 9.4 View Guarantees and SBLC Amendment Details
- 9.5 Lodging Guarantee Claim
- 9.6 View Guarantee Claim Details
- 9.7 Guarantee Claim Settlement
- 9.8 View Claim Settlement
- 9.9 Transfer Guarantees and Standby Letters of Credit Transfer Input
- 9.10 View Guarantees and SBLC Transfer Details
- 9.11 List of Glossary - Guarantees and Standby Letters of Credit
-
10
Liquidation of Components Maintenance
- 10.1 Online Receivable/Payable Details
- 10.2 Generate ACK_TRACER, GUA_CLM_TRACER and CON_TRACER Manually
- 10.3 List of Glossary - Liquidation of Components Maintenance
- 11 Credit Limit Tracking for LC
-
12
Automatic Processes
-
12.1
Branch Parameters Details
- 12.1.1 Automatic Closure of LC
- 12.1.2 Maintain Branch Parameters
- 12.1.3 Process LC Batch
- 12.1.4 Automatic Events Executed During Beginning of Day (BOD)
- 12.1.5 Automatic Liquidation of Periodic Commission
- 12.1.6 Automatic Reinstatement of LC
- 12.1.7 Automatic Extension of Guarantee/SBLC
- 12.1.8 LCEOD Batch enhanced to support Liability Change Schedule
- 12.1.9 Processes Run during End of Day (EOD)
- 12.1.10 Automatic Closure of LC
- 12.1.11 LC Auto Closure Batch
- 12.1.12 LC Automatic Status Update Batch
- 12.1.13 Automatic Accrual of Commission
- 12.1.14 Memo Accrual of Commission
- 12.1.15 Generate Tracers
- 12.1.16 Execute Tracer Generation Function
- 12.1.17 Auto Renewal of Open ended guarantees
- 12.1.18 Straight through Processing of SWIFT Messages
- 12.1.19 STP of MT710 - Advise of Third Bank’s Documentary Credit
- 12.1.20 STP of MT707 - Amendment to Documentary Credit
- 12.1.21 STP of MT730 – Acknowledgment
- 12.1.22 STP of MT740 - Authorization to Reimburse
- 12.1.23 STP of MT747 – Amendment to an Authorization to Reimburse
- 12.1.24 STP of MT768 – Acknowledgement of a Guarantee Message
- 12.1.25 STP of MT759 for LCs, Guarantees and SBLCs
- 12.1.26 STP of MT760 for Guarantees and SBLCs
- 12.1.27 STP of MT765 – Guarantees/SBLCs Demand
- 12.1.28 STP of MT767 – Guarantees and SBLCs
- 12.1.29 STP of MT786 – Guarantees/SBLCs
- 12.1.30 Revoke Confirmation Contingent Entries Reversal
- 12.1.31 Counter Guarantee Revenue Sharing
-
12.1
Branch Parameters Details
- 13 Simulation
-
14
Annexure A - Accounting Entries
for LCs
- 14.1 Accounting Entries for LCs
-
14.2
Event-wise Accounting Entries
- 14.2.1 BISS: Booking of an import LC
- 14.2.2 AVAL: Availment Under LC
- 14.2.3 CLOS: Closure of an LC / Guarantee
- 14.2.4 REIN: Reinstatement of an LC / Guarantee
- 14.2.5 BADV: Advising an LC
- 14.2.6 BCFM: Confirming an LC
- 14.2.7 BPRE: Pre-advising an LC
- 14.2.8 BANC: Advising and Confirming An LC
- 14.2.9 AMND: Amendment
- 14.2.10 AOCF: Amendment from Open to Open and Confirm
- 14.2.11 APAD: Amendment from Pre-advice to Advice
- 14.2.12 APAC: Amendment from Pre-advice to Advice and Confirm
- 14.2.13 REVR: Reversal of an LC Contract
- 14.2.14 REVE: Reversal of an LC Event
- 14.2.15 ACCR: Accrual of Commission
- 14.2.16 CALC: Periodic Commission Calculation Date
- 14.2.17 CLIQ: Liquidation of Commission
- 14.2.18 ROPN: Reopening of an LC
- 14.2.19 CANC: Cancellation of an LC
- 14.2.20 TRGN: Generation of Tracers
- 14.2.21 AATC: Amendment from Advice to Confirm
- 14.2.22 RASN: Reassign an LC
- 14.2.23 Transfer of an LC
- 14.2.24 RAVL: Reversal of Availment
- 14.2.25 BKSG: Booking of Shipping Guarantee
- 14.2.26 CASG: Cancellation of Shipping Guarantee
- 14.2.27 APRE: Amendment of LC with Pre-advice
- 14.2.28 GCLP: Guarantee Claim Settlement
- 14.2.29 AASC: Amendment of Advice to Silent Confirmation
-
15
Annexure B – Events, Advices and SDEs for LC
- 15.1 Event - Advices for LCs
-
15.2
LC Advices
- 15.2.1 ISB_BEN_CL
- 15.2.2 GUA_CLAIM_ADV
- 15.2.3 LC_AMND_INSTR (MT 707)
- 15.2.4 LC_INSTRUMENT (MT 700/MT 701)
- 15.2.5 GUARANTEE (MT 760)
- 15.2.6 LC_INSTR_COPY
- 15.2.7 LC_ACK_ADVICE (MT 730)
- 15.2.8 PADV_CL
- 15.2.9 LC_PRE_ADVICE (MT 705)
- 15.2.10 LC_ACK_AMEND
- 15.2.11 LC_CASH_COL_ADV
- 15.2.12 LC_AMD_AUTH_REB (MT 747)
- 15.2.13 AMD_IMP_CR
- 15.2.14 GUA_AMD_INSTR (MT 767)
- 15.2.15 LC_AM_INST_COPY
- 15.2.16 ACK_TRACER
- 15.2.17 CHG_COM_TRACER
- 15.2.18 CON_TRACER
- 15.2.19 GUA_CLM_TRACER
- 15.2.20 LC_CANCEL_ADV
- 15.2.21 PADV_TO_ADVCON
- 15.2.22 ADV_TO_ADVCON
- 15.2.23 AMD_EXP_CR
- 15.2.24 SG_Instrument
- 15.2.25 LC Messages
- 15.2.26 Generate Multiple Copies of LC Instrument
- 15.2.27 Generate Fax 700/707 LC Confirmation Mail Message Copy to Counterparty
- 15.2.28 LC event - Messages
- 15.2.29 BISS: Booking of an Import LC/ Shipping Guarantee
- 15.2.30 AVAL: Availment under LC
- 15.2.31 CLOS: Closure of an LC / Guarantee
- 15.2.32 REIN: Reinstatement of an LC / Guarantee
- 15.2.33 BADV: Advising an LC
- 15.2.34 BCFM: Confirming an LC
- 15.2.35 BPRE: Pre-advising an LC
- 15.2.36 BANC: Advising and Confirming an LC
- 15.2.37 REIS: Reissue of Guarantee
- 15.2.38 AMND: LC Amendments
- 15.2.39 REVR: Reversal of Contract
- 15.2.40 REVR: Reversal of Event
- 15.2.41 ACCR: Accrual of Commission
- 15.2.42 CALC: Periodic Commission Calculation Date
- 15.2.43 CLIQ: Liquidation of Commission
- 15.2.44 ROPN: Reopening of an LC
- 15.2.45 TRGN: End of Day Check for Tracers
- 15.2.46 CANC: Cancellation of an LC
- 15.2.47 APAC: Amendment from Pre-advice to Advice and Confirm
- 15.2.48 APAD: Amendment from Pre-advice to Advice
- 15.2.49 AMNV: Invitation of Amendment Confirmation
- 15.2.50 GCEX: Guarantee claim Extension
- 15.2.51 RASN: Reassign an LC
- 15.2.52 RAVL: Reversal of availment
- 15.2.53 CALC: Periodic commission calculation
- 15.2.54 Advice Generated for the Insurance Company
- 15.2.55 Advice Generated for Counterparty
- 15.2.56 AREJ: Rejection Of Amendment Confirmation
- 15.3 LC SDEs
- 16 Annexure C - SWIFT Category 7 Messages
- 17 Annexure D - Letter of Credit Glossary