1. Islamic Letters of Credit
  2. Credit Limit Tracking for an Islamic LC
  3. Track Credit Limit
  4. Specify the Limit Track Tenor

12.2.3 Specify the Limit Track Tenor

While maintaining the preferences for the contract, you can specify whether you want to track the limits based on Islamic LC tenor or the Max Draft tenor (Usance period). For this, you need to indicate your preference by selecting the appropriate checkbox.

Note:

The credit lines are displayed depending upon the preferences specified at the time of creating the line. E.g. Products allowed, branch allowed etc.

For all the contracts, change your preference for limits tracking before or after authorization. However, every time you change the tenor type, you need to select a credit line again. Subsequently, tracking is done for the new tenor and credit line.

Parent topic: Track Credit Limit