Maintain Import License Expiry Date

2.6 Maintain Import License Expiry Date

This topic describes the systematic instructions to maintain Import License Expiry Date.

Oracle Banking Trade Finance allows you to maintain the Import License Expiry Date of all the customers of your bank. You can maintain only one License Expiry Date for a customer. On selection of the CIF ID of the customer at the time of processing an Islamic LC contract, the Import License Expiry Date maintained for the selected CIF ID is also displayed in the Islamic LC Contract screen. The system will not do any validations based on the expiry date. It is used only for information purpose.

The Import License Expiry Date is captured through the License Expiry Date Maintenance screen.

Specify User Id and Password, and login to Homescreen.

On Homescreen, specify LCDEXPDT in the text box, and click next arrow.
The Trade License Details is displayed.

Figure 2-6 Trade License Details

Description of "Figure 2-6 Trade License Details"

On Letters of Credit License Expiry Date Maintenance screen, specify the fields.

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

Table 2-6 Letters of Credit License Expiry Date Maintenance

Field	Description
Customer No	Every customer of your bank is identified by a unique CIF ID. All authorized and active CIF IDs will be displayed in the option-list. You can select the appropriate CIF ID from the list.
Issuing Authority	Specify the government authority which issued the trade license to the customer.
Trade License No.	Specify the trade license number. This must be unique for each customer.
License Expiry Date	After you select the CIF ID, you can specify the Import License Expiry Date for the customer. The expiry date maintained here would be associated with all Islamic LC contracts processed for the customer.
Expired	The system marks the trade license of the customer as expired during EOD if the system date happens to be greater than or equal to trade license expiry date.
Renewal Date	Specify the date on which the trade was renewed.
Charge Account	Specify a valid account to be used to collect the charges for trade license expiry. The adjoining option list displays all open and authorized accounts belonging to the customer. You can select the appropriate one.
Charge Branch	The system displays the Branch Code where the Charge Account is held.
Expiry Due Advice Details	During EOD, advices are generated for customers whose trade license is impending expiry.
Generated Status	The success or failure of message generation through the above process is indicated by the true and false status of the field ‘Generated Status’.
Generated Date	The system displays the date on which the message was generated, if any.
Expired Advice Details	During EOD, advices are generated for customers whose trade license has expired.
Generated Status	The success or failure of message generation through the above process is indicated by ‘True’ or ‘False’ status of this field.
Generated Date	The success or failure of message generation through the above process is indicated by the true and false status of the field ‘Generated Status’.

Parent topic: Islamic Letters of Credit - Maintenance