This topic provides the systematic instruction to Lodging Islamic Guarantee Claim.

1. On the Homepage, type LIDGCLM in the text box, and click the next arrow.
   Islamic Guarantee Claim Lodging screen is displayed.

   Figure 10-24 Islamic Guarantee Claim Lodging

   
   Description of "Figure 10-24 Islamic Guarantee Claim Lodging"
2. On the Islamic Guarantee Claim Lodging screen, specify the details as required.
   For information on fields, refer the field description table below:

   Table 10-29 Islamic Guarantee Claim Lodging - Field Description

   Fields	Description
   Guarantee Not Advised	Select the option based on the nature of the Guarantee for which Claim has to be lodged. For Guarantee Not Advised contracts, choose the option as Yes.
   Contract Reference	Select the guarantee contract reference number from the option list for Guarantee Advised by Bank. Contract reference number will be generated by system if Guarantee Not Advised flag is selected as Yes.
   Product Code	Select Guarantee Not Advised products from the option list. This will list Guarantee Not Advised products when Guarantee Not Advised Flag is selected as Yes.
   Claim Sl. No	System will generate Claim serial Number.
   Issue Date	Date on which the guarantee is issued.
   Expiry Date	Date of expiry of the guarantee
   Local Undertaking Expiry Date	Expiry date of the local undertaking.
   Claim Date	Date for claiming the guarantee
   Claim Expiry Date	End date for settling the claim
   Currency	Currency of the guarantee
   Amount	Amount of the guarantee
   Outstanding Guarantee Amount	Outstanding amount of the guarantee
   Counterparty Name	Name of the counterparty
   Address	Address of the counterparty
   Counterparty Type	Party type of the counterparty
   Counterparty Reference	Reference Number of the counterparty.
   Beneficiary Name	Name of the beneficiary
   Address	Address of the beneficiary
   Beneficiary Account	Specify the account details of beneficiary This field is read only.
   Claim Lodgement Date	Select the date on which claim is lodged. Claims have to be lodged on or before Guarantee Claim Date. If claims are lodged after the Guarantee Claim date, system displays a configurable override error message.
   Claim Date	The claim date should not be greater than the expiry date and the current business date of the system. Note: If multiple claims are lodged against a contract and the claim date is same for all claims, then the system displays an override message.
   Claim Amount	Specify the amount of the claim. The claim amount should not be greater than the guarantee amount and the outstanding guarantee amount.
   Claim Status	The status of the claim is displayed here. The statuses are as follows: Lodged on claim lodgement Injunction Received' on receipt of Legal Injunction Rejected on Reject Settled on settlement
   Legal Injunction	Check this box to indicate that there is a legal injunction received against the claim, to be captured during Claim Amendment. Note: System triggers GCAM event and Claim Status is updated as Injunction Received
   Remarks	Specify remarks, if any.
   Template Id	Select the template ID from the adjoining option list.Template ID is applicable only when the party type is applicant bank or issuing bank. Note: The claim message is generated only if the template is selected.
   Claiming Bank Details	Specify Claiming Bank Details.
   Type	Select the Claiming Bank Party type. Allowed values are: Counter Guarantee Issuing Bank Local Guarantee Issuing Bank Advice Through Bank Advising Bank Others
   Reference	Enter the Claiming Bank Reference, it cannot exceed 16 characters. It will be sent the outgoing message.
   Party Id	Select the Claiming Bank Party ID from LOV. Based on the selected Party Id, other fields like Name, Address1, Address2, Address3 and Address4 will be populated.
   Name	Claiming Bank Party Name will be defaulted based on Party Id.
   Address 1	Claiming Bank Party Address 1 will be defaulted based on Party Id.
   Address 2	Claiming Bank Party Address 2 will be defaulted based on Party Id.
   Address 3	Claiming Bank Party Address 3 will be defaulted based on Party Id.
   Address 4	Claiming Bank Party Address 4 will be defaulted based on Party Id.
   Extend or Settle	Select the option from the drop-down list. The list displays the following options: Query to Extend or Settle Extension Settle Only During claim amendment from Extend or Settle to Extension system will initiate Guarantee amendment without beneficiary confirmation and increase Expiry date. GCEX event will be triggered. This event will be available to view from Islamic Guarantee online Screen(LIDGUONL) and Islamic Claim lodgement screen(LIDGCLM).
   New Expiry Date	Specify the new expiry date. The New Expiry date is mandatory when 'Query to Extend or Settle’ option is selected.
   Latest Reply Date	Specify the latest reply date. The Latest Reply date is mandatory when 'Query to Extend or Settle option is selected.
   Local Undertaking New Expiry Date	Specify the new expiry date for the local undertaking.
   Settlement Account Branch	The system displays the settlement account branch on selection of the debit account number.
   Settlement Account Currency	The system displays the settlement account currency on selection of the debit account number.
   Settlement Account	The system displays the settlement account details.
   Charges Debit Account Branch	The system displays the charges debit account branch on selection of the charges debit account number.
   Charges Debit Account Currency	The system displays the charges debit account currency on selection of the charges debit account number.
   Charges Debit Account	The system displays the charge debit account details.

3. On the Islamic Guarantee Claim Lodging screen, click the Guarantee Not Advised tab.
   The Guarantee Not Advised tab is displayed.

   Figure 10-25 Guarantee Not Advised

   
   Description of "Figure 10-25 Guarantee Not Advised"
4. Specify the Guarantee Not Advised Details.
   For information on fields, refer the field description table below:

   Table 10-30 Guarantee Not Advised - Field Description

   Field	Description
   Customer	List of values with list of all valid customers.
   Customer Name	System will default Customer Name based on Customer
   Party Type	System will default BEN and will be read only.
   Language	System will default user language and the same can be modified. List of values with list of languages will be provided.
   Dated	Specify the Customer reference date.
   Customer Reference	Specify the Customer reference number.
   Type of Guarantee	LOV with list of guarantee types : APAY- Advance Payment Guaranteeb. BILL- Bill of Lading Guaranteec. CUST- Customs Guaranteed. DPAY- Direct pay Guaranteee. INSU- Insurance Guaranteef. JUDI- Judicial Guaranteeg. LEAS- Lease Guaranteeh. OTHR- Other Guaranteei. PAYM- Payment Guaranteej. PERF- Performance Guaranteek. RETN- Retention Guaranteel. SHIP- Shipping Guaranteem. TEND- Tender Guaranteen. WARR- Warranty/Maintenance
   Description	System will default Guarantee type description and the same can be modified.
   Purpose of Guarantee	System will default Issue and will be read only.
   Expiry Type	Expiry type will have options as Fixed, Open and Conditional -With Expiry and Conditional - Without Expiry.
   Expiry Condition	Specify the expiry condition, if Expiry type is Conditional -With Expiry and Conditional - Without Expiry..
   Applicable Rule	System will default from product maintenance and the same can be modified. LOV with list of Applicable Rules namely ISPR, NONE, OTHR, UCPR, URDG will be provided.
   Rule Narrative	This field is applicable if Applicable Rule is OTHR
   Amount Details
   Currency	System will default local currency and the same can be modified. List of values provided with list of valid currencies.
   Contract Amount	Specify the contract amount. This field is mandatory.
   Amount in Local Currency	System will default local currency equivalent and will be read only.
   Outstanding Amount	User to provide manually and will be mandatory. Should not be greater than contract amount. Outstanding amount will be reduced on claim settlement.
   Claim Lodgement Date	Specify the claim lodgement date using the calendar icon. This field is mandatory.
   Claim Amount	Specify the amount of the claim. The claim amount should be less than or equal to outstanding amount and will be mandatory.
   Claim Remarks	Specify remarks, if any.
   Claim Beneficiary Reference	Specify the Claim Beneficiary Reference details.
   Claim Status	System will default claim status as per existing functionality. The statuses are as follows: Lodged on claim lodgement Reject on claim Reject Settled on claim settlement Injunction Received on providing Legal Injunction
   Legal Injunction	Select this check box during claim amendment.
   Ancillary Message	Check Box to support ancillary message generation during claim amendment
   Ancillary Message Function	List of values with list of ancillary message function and description. To be provided when ancillary message is enabled. CLSVCLOS- Closing of a service call by Trade Operations CLSVOPEN- Opening of a service call by Trade Operations FRAUDMSG- Advice of a fraud attempt GENINFAD- General information advice OTHERFNC- Other request REIMBURS- Request related to a reimbursement REQFINAN- Financing request REXTMATU- Request to extend the maturity date TRANSFER- Transfer of a undertaking
   Transaction Details
   Issue Date	Specify the issue date. The issue date should be back dated.
   Effective Date	Specify the effective date. The effective date should be back dated.
   Expiry Date	Specify the expiry date. The expiry date should be should be greater than issue date.
   Claim Date	Specify the claim date.
   Closure Date	Specify the closure date.
   Remarks	Specify remarks, if any.
   Extend or Settle	System will default Settle only and will be read only. Extension is not supported.

5. On the Islamic Guarantee Claim Lodging screen, click the Parties tab.
   The Parties tab is displayed.

   Figure 10-26 Parties

   
   Description of "Figure 10-26 Parties"
6. Specify the Parties details.
   For information on fields, refer the field description table below:

   Table 10-31 Parties - Field Description

   Field	Description
   Party Type	Specify the party type (beneficiary, applicant, advising bank, issuing bank). The option list displays all party types available for the LC. Select the appropriate party type from the list. The field is mandatory.
   Party Description	Specify the party description for the party type here. The field is optional.
   Party ID	Specify a Party ID for which you need to maintain. Alternatively, you can select the Customer No from the List of Values Party Id. The field is optional.
   Party Name	Specify the name of the Customer. The party name can be 150 characters in length. The field is optional.
   Address 1 to 4	Specify the address of the customer who has initiated the transaction. The field is optional.
   Country	Specify the country of the customer. The field is optional.
   Customer Reference	Specify the sender’s reference number. Input to this field will be mandatory for the party type ISB. The field is optional.
   Dated	Specify the date of transaction initiation. The field is optional.
   Language	Specify the language in which advices should be sent to the customer. The field is optional.
   Issuer Bank	Select this option to indicate that the issuer is a bank. The field is optional.
   Other Addresses	Provide the other addresses details:
   Media Type	Select the Media Type from the option list. The field is mandatory.
   Address	This field indicates the party’s mail address. The field is optional.
   Account	Specify the account number.

7. On Islamic Guarantee Claim Lodging screen, click Advices.
   Islamic Guarantee Claim Lodging with Advices tab details is displayed.

   Figure 10-27 Islamic Guarantee Claim Lodging

   
   Description of "Figure 10-27 Islamic Guarantee Claim Lodging"
8. On the Advices tab, specify the details as required.
   For information on fields, refer the field description table below:

   Table 10-32 Advices - Field Description

   Field	Description
   Message Type	The system displays the message type of the advice generated.
   Party Type	The system displays the party type for which the message is generated.
   Party Id	The system displays the party ID for which the message is generated.
   Party Name	The system displays the name of the party for which the advice is generated.
   Medium	Select the medium through which the message has to be sent from the adjoining option list.
   Priority	Select the priority of sending message from the adjoining drop-down list.
   Suppress	Check this box to suppress the message.
   Charges	The system displays the charges configured.
   Free Format Text Code	Select the free format text code from the adjoining option list.
   Text	The system displays a brief description on free format text.

9. On Islamic Guarantee Claim Lodging screen, click Documents.
   Islamic Guarantee Claim Lodging with Documents is displayed.

   Figure 10-28 Islamic Guarantee Claim Lodging - Documents

   
   Description of "Figure 10-28 Islamic Guarantee Claim Lodging - Documents"
10. On the Documents tab, specify the details as required.
    For information on fields, refer the field description table below:

    Table 10-33 Documents - Field Description

    Field	Description
    Document Code	The code of the document captured during guarantee issuance is defaulted here.
    Document Type	The type of document captured during guarantee issuance is defaulted here.
    Document Description	The description of the document is defaulted here.
    Documents Received	Check this box to indicate that documents are received.

11. On Islamic Guarantee Claim Lodging screen, click Tracers tab.
    The Tracer Details is displayed.

    Figure 10-29 Islamic Guarantee Claim Lodging - Tracers

    
    Description of "Figure 10-29 Islamic Guarantee Claim Lodging - Tracers"

    Note:

    Tracers are reminders that can be sent to various parties involved in a claim-New tracer code Guarantee claim tracer (GUA_CLM_TRACER) introduced to support tracer generation for claims lodged
12. On the Tracer tab, specify the fields, and click Ok.

    By default, you can view the tracers specified for an Islamic LC.

    For information on fields, refer the field description table below:

    Table 10-34 Tracers - Field Description

    Field	Description
    Tracer details Tracer details The tracers, specified for the product to which you have linked the Islamic Guarantee/SBLC, defaults to this screen. The following details will be displayed: Code Description Party Type Required Maximum Tracers Number Sent Start Days Last Sent On Medium Frequency Template Id

13. On Islamic Guarantee Claim Lodging screen, click Events.
    Islamic Guarantee Claim Lodging with Events tab is displayed.

    Figure 10-30 Islamic Guarantee Claim Lodging - Events

    
    
    Description of "Figure 10-30 Islamic Guarantee Claim Lodging - Events"
    
14. On the Events tab, view the details as required.
    The system displays the events, accounting entries and advices here.
15. On Islamic Guarantee Claim Lodging screen, click Settlement.
    Islamic Guarantee Claim Lodging with Settlement tab is details.

    Figure 10-31 Islamic Guarantee Claim Lodging - Settlements

    
    
    Description of "Figure 10-31 Islamic Guarantee Claim Lodging - Settlements"
    

    Current Event:

    Current event of settlements will be checked for the amount tags pertaining to the current event and will be unchecked for the amount tags not pertaining to the current event.

    Note:

    The system displays the settlement information for charges here.
16. On the Islamic Guarantee Claim Lodging screen, click Charges.
    Islamic Guarantee Claim Lodging with Charges

    Figure 10-32 Islamic Guarantee Claim Lodging - Charges

    
    

    
    Description of "Figure 10-32 Islamic Guarantee Claim Lodging - Charges"

    
    

    Note:

    The system displays the charges configured for the event at product definition here.

    For more details on the Charges Details screen, refer section ‘Contract Charge Details’ in Charges and Fees User Guide under Modularity.

17. On the Islamic Guarantee Claim Lodging screen, click Tax.

    Islamic Guarantee Claim Lodging with Tax details is displayed.

    Figure 10-33 Islamic Guarantee Claim Lodging - Tax

    
    

    
    Description of "Figure 10-33 Islamic Guarantee Claim Lodging - Tax"

    
    

    Note:

    The system displays the details of the tax configured in the screen.
18. On Islamic Guarantee Claim Lodging screen, click Preview.

    You can view the message or advice generated in the screen.

    For more details on this screen, refer Capturing Additional Details chapter in this user manual.

19. On Islamic Guarantee Claim Lodging screen, click Remarks.
    Islamic Guarantee Claim Lodging with Remarks details is displayed.

    Figure 10-34 Islamic Guarantee Claim Lodging - Remarks

    
    
    Description of "Figure 10-34 Islamic Guarantee Claim Lodging - Remarks"
    

    Note:

    For more details on this screen refer to the section ‘Remarks ‘in this user manual.
20. On the Islamic Guarantee Claim Lodging screen, click the Customer Instructions tab.
    The Customer Instructions screen is displayed.

    Figure 10-35 Customer Instructions

    
    
    Description of "Figure 10-35 Customer Instructions"
    

    Table 10-35 Customer Instructions - Field Description

    Field	Description
    Contract Reference Number	System displays the contract reference number.
    Event Code	System displays the Event Code of the contract.
    Standard Instructions Customer would want to give Standard instructions in advance to the bank that need to be referred by the bank while processing certain type of transactions.
    Instruction ID	System displays the Instruction ID.
    Instruction	System displays the customer standard instruction.
    Instruction Date	System displays the start date of the customer instruction.
    Instruction Expiry Date	System displays the expiry date of the customer instruction.
    Transaction Level Instruction	Enter the transaction level instructions for the event.

21. On the Islamic Guarantee Claim Lodging screen, click the FX Linkage tab.
    The FX Linkage screen is displayed.

    Figure 10-36 FX Linkage

    
    

    
    Description of "Figure 10-36 FX Linkage"

    
    

    This link invokes a screen in which you can link a Guarantee Claim involving a specific counterparty with FX deals involving the same counterparty.

    You can link one or more FX deals to a bill, the total value of all the deals should not exceed the bill amount.

    Table 10-36 FX Linkage - Field Description

    Field	Description
    Sequence No	System generates the ‘Sequence No’ for linked FX contracts sequentially
    FX Reference no	Indicates FX deal reference no. from treasury system.
    Date	Indicates FX deal value date. FX Value date should be greater or equal to Claim Expiry Date.
    BOT/SOLD Currency	Guarantee Claim currency should be BOT currency of the FX transaction in case of Guarantee Advised or the SOLD currency in case of an Guarantee Issued. Bought Currency: Presents FX Deal Bought Currency. Incase of Guarantee Advised Claim, Guarantee Claim currency should be same FX Bought Currency. Sold Currency: Presents FX Deal Bought Currency. Incase of Guarantee Issued contract, Guarantee Claim currency should be same FX Sold Currency.
    Rate	Presents FX deal Exchange rate.
    Available Amount	Present FX available amount (i.e) FX contract amount minus total linked FX amount.
    Linked Amount	User will capture Linked amount at FX Linkage screen. Sum of Linked amount will not be greater than Guarantee Claim contract amount. Linked amount will not be greater than the available amount for linkage.
    Current Utilized amount	Current Utilized amount will display the current amount utilized of the event.
    Total Utilized amount	Total Utilized amount will display the total amount utilized of the contract.

    OBTF system initiates

    • Link/Utilization request to treasury system,
      • During linkage or utilization of FX contract at Guarantee / Islamic Guarantee Claim Settlement.
    • Link request to treasury system
      • During linkage of FX, at Guarantee / Islamic Guarantee Claim Lodgment.
      • Amendment of Guarantee / Islamic Guarantee Claim Lodgment for linked amount or difference in linked amount during amendment.
    • Delink request to treasury system,
      • Manual reduction / delink of FX at Guarantee / Islamic Guarantee Claim Lodgment / Settlement.
      • During deletion of Claim Event.
      • During closure of the claim.
    • When Linked FX is not utilized during claim settlement.

    Multiple forward FX contract could be linked and exchange rate of FX contract vary from each. Hence, effective exchange rate for claim would be arrived using weighted average method and it is utilized during claim settlement.

    • Islamic Guarantee Not Advised Contract - Details:

    ISB Party's Customer Reference, Issuing bank, claim amount, currency will be validated for duplications.It will be configurable override.

    Issue date has to be lesser than branch date.

    Effective date has to be lesser than branch date.

    Claim amount has to be greater than Outstanding Amount.

    Outstanding Amount has to be Greater than Contract Amount.

    On Save, BDAV and GCLM Event will be triggered simultaneously.

    Processing of these contracts are restricted from LIDGUONL/LIDGUAMD /LIDGUTRF, but can be viewed from LIDGCLM/LIDGCLP.

    On Successful settlement, Outstanding amount will be shown as reduced by claim amount.

    Hold Operation is not supported. Main tab will be disabled for these contracts.

    Guarantee Not Advised and Parties tab only applicable for Guarantee Not Advised contracts.