4.3.4 Update Parties’ Limits on Islamic LC Availments

On receipt of the bills or on notification from the negotiating bank, you can record an availment under an Islamic LC. The system updates the parties’ limits during availment of an Islamic LC contract.

Table 4-14 Islamic LC Availments

Amount Tag Changes in Parties’ Limits
Liability Amount The limits are reinstated based on the Islamic LC amount availed so far
Confirmed Amount The limits are reinstated based on the confirmed portion of th Islamic LC amount availed so far
Unconfirmed Amount The limits are reinstated based on the unconfirmed portion of the Islamic LC amount availed so far
Undertaken Amount The limits are reinstated based on the undertaken portion of the Islamic LC amount availed so far
Non-undertaken Amount The limits are reinstated based on the non-undertaken portion of the Islamic LC amount availed so far Liability Minus
Margin The limits are reinstated