| Reference The bills that come
to your bank raised against an LC drawn at an
earlier date by another bank.
|
| Our LC Reference |
Specify our LC Reference Number.
Alternatively, you can select the reference number from
the option list. The list displays all the valid
reference numbers maintained in the system. |
| Collection Reference |
Enter a unique reference that will help
you identify the bill. In case of an outgoing bill, you
can specify an identification of your own. In case of an
incoming bill, you can indicate the reference assigned
to the bill by your confirming bank. |
| Their Letter of Credit
Reference |
If you are processing an outgoing bill
under an LC that was issued by another bank, enter the
Reference number assigned to the LC by the other
bank. |
| Counterparty
Details The following are the
counterparty details
|
| Customer ID |
Specify the Customer Id for which you
need to maintain. Alternatively, you can select Customer
No from the adjoining option list.
Note: BIC
Code appears next to the ‘Customer No’ only if the
BIC code is mapped with that customer number. If the
BIC Code is not mapped with that Customer Number,
then the BIC Code will not appear next to the
‘Customer No’ in the adjoining option list.
While processing an Export bill,
specify details of the ‘Drawer’ of the bill. If the
drawer is a customer of your bank you should specify
the CIF Id assigned to the customer, the other
details of the bill is automatically picked
up.
|
| Customer Name |
The system displays the name of the
customer. |
| Party Type |
Specify the party type of the customer
indicated in the customer field. If you are processing
an export bill, it defaults to DRAWER. |
| Document
Details The document detail
entries are as follows.
|
| Document Duplicate
Received |
This field is applicable only for
Documentary bills. Indicate whether the duplicate set of
documents required under the bill is received.
Note: If
you had indicated negatively in the Document
Original Received field, you should indicate
positively in this field. This is because the bill
contract should be entered based on the first set of
documents that are received.
|
| Document Original Received |
This field is applicable only for
Documentary bills. Here you can indicate whether the
original set of documents required under the bill
received. |
| Covering Letter Dated |
This field is applicable only for
Documentary bills. Here you can indicate the date
printed on the covering letter based on which the
contract entered.
This date used to
retrieve information on pending
documents
|
| Terms The terms defined for a bill, while
registering it, will form the basis on which the
bill will be processed. Specify the following terms
for a bill:
|
| Bill Currency |
Specify the currency in which the bill
is drawn. |
| Bill Amount |
Specify the amount for which the bill is
drawn. While processing a bill that was registered, all
the terms that you specify during registration displayed
in the respective fields of the Contract Main
screen. |
| Tenor Specify the following tenor related
details here.
|
| Base Date and Description |
The base date is the date from which the
tenor specified for the bill becomes effective. The base
date is used to calculate the maturity date of the bill.
In effect, the tenor of the bill will begin from the
base date.
For example, you indicate the
base date of a bill to be 01-Jan-99 and the tenor of
a bill as 45 days. The 45 day tenor of the bill will
begin from 01-Jan-99.
If you are
processing a sight bill, the base date is the
lodgment date, and for a Usance bill, it can be the
Invoice date or the Shipping Date.
|
| Tenor |
Usance bills are generally associated
with a tenor. The tenor of a bill is expressed in days.
The standard tenor defined for the product involved in
the bill defaults. Change the default to suit the tenor
of the bill you are processing. However, the tenor that
you specify for a bill should be within the minimum and
maximum tenor specified for the product involved in the
bill.
The tenor of a sight bill always
defaults to zero days. You will not have an option
to change it.
|
| Maturity Date |
The maturity date is the date on which
the bill falls due for payment. The maturity date that
you specify should be a date later than or equal to the
Value date specified for the bill. The maturity date is
calculated in the following manner based on the entries
you have made to the previous fields:
Maturity Date = Base date + Tenor
Change the maturity date of a bill that is arrived
at using the above method.
|
| Base Date Description |
Here you can specify a description of the
base date specified in the earlier field. For example,
you can indicate that the base date is the lodgment date
or the shipment date etc. |
| Transaction Date |
The transaction date is the date on
which the bill was entered into Oracle Banking Trade
Finance. The system defaults the transaction, date to
the current system date (today’s date). You cannot amend
or change the defaulted date. |
| Value Date |
This is the date from which the bill
becomes effective. The accounting entries triggered off
by events like input, amendment and liquidation hitting
the Nostro and customer accounts will be passed as of
the value date.
The value date should be
earlier than or same as today’s date. If you do not
enter a value date for a bill, the system defaults
to today’s date. Enter a value date of your choice;
however it can be one of the following:
- Today’s Date
- A date in the past
- A date in the future (Enter a
date in the future only if future dating has been
allowed for the product)
Note: The
Value date of a bill should not be earlier than
the Start Date or later than the End Date
specified for the product involved in the
bill.
|
| Remarks |
Enter information for the internal
reference of your bank. This information will be made
available at the time you retrieve the information on
the bill. Specifying the details of the Parties Involved
in a Bill.
In the Bills and Collections
Registration Input screen, you can capture details
pertaining to all the parties involved in a bill.
You can capture the following details in the bill
you are registering:
- Party type of customer
- CIF Id assigned to the party
- Name of the party
- Country to which the party
belongs
- Language in which tracers and
messages should be sent to the party
- Reference to the party involved
in the bill
- Party’s mail address
The parties that can be
involved in a bill not only depend on the type of
bill you are processing but also on the operation
that you are performing on the bill.
At the time of processing a bill, which
was registered, the documents, tracers, advice and
messages applicable to the bill will be sent to the
concerned parties, based on the details you specify
in this screen.
Note: Use
a particular Party Type only once in a bill that
you register.
|
