1. Letter of Credit User Guide
  2. Annexure A - Accounting Entries for LCs
  3. Event-wise Accounting Entries
  4. CANC: Cancellation of an LC

14.2.19 CANC: Cancellation of an LC

Table 14-48 Accounting Entries

Role Amount Tag Dr/Cr
LC_OCU LIAB_OS_AMT Cr
LC_OCU_OFFSET LIAB_OS_AMT Dr
LC_OCU ADV_LIAB_OS_AMT Cr
LC_OCU_OFFSET ADV_LIAB_OS_AMT Dr
LC_CNF CNF_LIAB_OS_AMT Cr
LC_CNF_OFFSET CNF_LIAB_OS_AMT Dr
The following accounting entries are maintained in Shipping Guarantee product:

Table 14-49 Accounting Entries

Role Amount Tag Dr/Cr
LC_OCU_OFFSET LIAB_OS_AMT Dr
LC_OCU LIAB_OS_AMT Cr
LCCOLL_INT_ACCT COLL_AMT_DECR Dr
LC_COLL_BRIDGE COLL_AMT_DECR Cr

Table 14-50 Accounting Entries (Collateral with Split details)

Role Amount Tag Dr/Cr
COLL_CUST_ACC COLLAMT_OS_S01 Cr
COLL_CUST_ACC COLLAMT_OS_S02 Cr
LC_COLL_ACCT COLLAMT_OSEQ Dr
Collateral

From Customer and Obligor account

Table 14-51 Accounting Entries

Role Amount Tag Dr/Cr
LCCOLL_INT_ACCT COLLAMT_OS Dr
COLL_CUST_ACC COLLAMT_OSEQ Cr
LCCOLL_INT_ACCT COLLAMT_OS_OBP Dr
COLL_OBP_ACC COLLAMT_OSEQ_OBP Cr

Parent topic: Event-wise Accounting Entries