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 |
Parent topic: Islamic LC Contract Details Screen Description