14.2.23 Transfer of an LC
When an Export LC is transferred, the amount in the old LC (From LC) would be reduced proportionately from Confirmed portion and Unconfirmed portion as part of AVAL event.
The new Export LC contract will have the same split of Confirmed LC amount and Unconfirmed LC amount as it was there in the old LC.
Table 14-53 Accounting Entries
| Dr/ Cr | Account role code | Amount Tag | LCY Amount Description |
|---|---|---|---|
| Dr | LC_OCU_OFFSET (Unutilized Credit Offset) | UCNF_LIAB_AVAIL _AMT | Unconfirmed LC Amount |
| Cr | LC_OCU (Outstanding Credit Unutilized) | UCNF_LIAB_AVAIL _AMT | Unconfirmed LC Amount |
| Dr | LC_CNF_OFF (Confirmation of LC Offset) | CNF_LIAB_AVAIL_ AMT | Confirmed LC Amount |
| Cr | LC_CNF (Confirmation of LC) | CNF_LIAB_AVAIL_ AMT | Confirmed LC Amount |
Table 14-54 Accounting Entries
| Dr/ Cr | Account role code | Amount Tag | LCY Amount Description |
|---|---|---|---|
| Dr | LC_OCU (Outstanding Credit Unutilized) | UCNF_LIAB_OS_A MT | Unconfirmed LC Amount |
| Cr | LC_OCU_OFFSET (Unutilized Credit Offset) | UCNF_LIAB_OS_A MT | Unconfirmed LC Amount |
| Dr | LC_CNF (Confirmation of LC) | CNF_LIAB_OS_AM T | Partial Confirmation Amount |
| Cr | LC_CNF_OFF (Confirmation of LC Offset) | CNF_LIAB_OS_AM T | Partial Confirmation Amount |
Parent topic: Event-wise Accounting Entries