For an LC, the following types of tracers can be generated:

• The acknowledgment tracer (sent to the advising bank when an import LC is issued and an acknowledgment is sought.
• The charge-commission tracer (sent to the party who has to bear the commission or charges for an LC that has been processed, pending the payment of the charge or commission)
• The confirmation tracer (sent to the confirming bank, seeking a letter of confirmation)
• Guarantee claim Tracers (Sent to the party mapped in the tracers till the Claim is in Lodged status).

These tracers are generated at a frequency, specified for the LC. On the day they have to be generated, the EOD processing: Tracer generation function will generate them. This function should be run after the End of Financial Input (EOFI) has been marked for the day.