1. Islamic Letters of Credit
  2. Process an Islamic LC Contract
  3. Reverse Islamic LC
  4. Procedure for Reversing an Islamic LC

4.6.2 Procedure for Reversing an Islamic LC

This topic provides the systematic instructions to Procedure for Reversing an Islamic LC.

Specify the User ID and Password, and login to Homepage.

From the Homepage, navigate to Islamic LC details in the Detailed View screen

  1. On the Islamic LC details in the Detailed View screen, click Reverse.
    Select Event screen is displayed.

    Figure 4-14 Select Event


    Description of Figure 4-14 follows
    Description of "Figure 4-14 Select Event"
  2. On the Islamic LC details in the Detailed View screen, Choose the Reversal option based on the requirement.
    The Reversal options are:
    • Contract Reversal
    • Event Reversal
  3. Confirm the reversal when prompted.

Parent topic: Reverse Islamic LC