This topic provides the details to Specify Details of the Advices for the Liquidation.

The advices that are generated for the events that occur during the life cycle of an Islamic LC are defined for the product involved in the Islamic LC. In this screen, you can specify the advices that should be generated to the parties concerned, indicating that you have liquidated a receivable component of the Islamic LC.

The Charge Claim Advice is generated at EOD; on the day the receivable account is debited. This is the event for which a charge is attached or a commission liquidation event (Event Code CLIQ). Its details whether it was suppressed during the event, the medium through which it was transmitted, and the date on which it was generated is displayed. This is for information purposes only.

The Debit Advice is generated when the receivable components of the Islamic LC are liquidated. You can suppress the generation of the advice or change the media and priority when you are processing the liquidation.

Suppress

By default, all the advices defined for the product involved in the Islamic LC is generated. If you do not want to generate specific advice, you can suppress its generation by indicating so.

Priority

Medium

It is mandatory also to specify the medium through which advice is transmitted. The advice is transmitted through Telex, Mail, SWIFT or any other media that you have defined in your branch. You can select the appropriate medium code from the option list.

In addition, the details for the Charge Commission Tracer are also displayed. This tracer is generated after the event has taken place until the component is liquidated. These details are for information only. The default from the product under which an Islamic LC is processed.