Upload LC Amendment

6.6 Upload LC Amendment

While uploading an amendment, the system checks the user reference number in the contract with the external reference number of the incoming message. If a contract exists with the reference number and its status is ‘Authorized’ and ‘Active’, then the system will amend it provided the upload action is AMND.

If upload action is ‘NEW’ and the external reference number exists, the system will display an error message. In case of contract amendment through STP of MT707, the following fields are updated:

This topic contains the following details:

Expiry date (31E field)
LC amount (34B field)
Tolerance details (Negative and positive tolerance) (39A field)
Additional amounts covered (39C field)
Shipment from (44A field)
Shipment to (44B field)
Latest date of shipment (44C field)
Shipment period (44D field)
Issuing bank amendment date (30 field)

Note:

Once an amendment is uploaded, the event ‘AMND’ will be triggered on the LC contract in the system.

Parent topic: Amend Details of LC