15.2.55 Advice Generated for Counterparty

The LC_INSTR_COPY and LC_AM_INST_COPY message types will be processed and an advice will be generated by the bank and sent to the counterparty at the time of LC confirmation.

The advice format maintenance will be as follows:

FAX_DUPLICATE
_ADDRESS_
_ORIGINALMESSAGE_
LC Contract processing will specify the receiver of the new message types as the applicant.

The message processing function will process confirmation / duplicate messages on the basis of the following:

  • If the original message is not processed, then the original message will be processed first before generation of confirmation/duplicate message.
  • If the status of original message is Repair then the duplicate message will also be in the same status.
  • If the original message is generated, then the same message is copied to the duplicate message.
  • The _ORIGINALMESSAGE_ advice tag will be populated with the actual message body of original message.
  • The additional tags which will be updated for duplicate messages are Receiver address and sender address.
  • The advice generation process will fetch the above tags and forms the message for duplicate messages.