When the Importer's Bank (Bank A) accepts the offer for Buyer's Credit provided by Bank B/ C, the Importer's Bank creates a dummy Import Bill which will have all the data of original Bill under LC like Shipment details and Goods details. In addition to these data, the Bill contract captures the following important details:

• Lending Institution (Bank B/C) as the Drawer in the Bill with Name and address.
• The Offer/Quote Reference Number.
• The amount (Buyer's Credit Bill Currency Amount should be the same as the Loan Amount).
• The offer rate and the spread (This has to be configured in the Bill as Interest rate to be charged so that during liquidation interest is automatically calculated and remitted to the Lending Institution at the same rate as the loan).
• Charges (This has to be configured as charges in the Buyer's Credit Bills Contract).
• Date of disbursement for the loan.
• Value date of Loan disbursement (This should be captured in such a way that on receipt of funds the Bill under LC is liquidated on due date. This should also be taken into account for interest calculation on the Buyer's Credit Bill Contract).
• Maturity date for the loan (The tenor of the loan with maturity date should coincide with the maturity date of Buyer's Credit Bill Contract).