16.1 Islamic LC Events
The following is an exhaustive list of events that can take place during the
lifecycle of an Islamic LC. In the subsequent paragraphs we shall examine the messages
for each of the events listed below.
Table 16-1 Events
| Event Code | Event Description | Remarks |
|---|---|---|
| ACCR | Accrual (Of Commission) | All Types |
| AMND | Amendment | All Types |
| AOCF | Amendment from open to open and confirm | Import only |
| APAC | Amend - Pre-advice to Adv & confirm | Export Only |
| APAD | Amendment from Pre-advice to advice | Export Only |
| AVAL | Availment | Only For Islamic LC’s |
| BADV | Booking Of An Islamic LC With Operation Advise | Export Islamic LC Only |
| BANC | Booking Of An Islamic LC With Operation Advise And Confirm | Export Islamic LC Only |
| BCFM | Booking Of An Islamic LC With Operation Confirm | Export Islamic LC Only |
| BISS | Booking Of An Islamic LC Or Guarantee Issue (Open or Open & Confirm) | Only For Import Islamic LC, Standby Islamic LC, Clean Islamic LC, Shipping Guarantee And Guarantee |
| BPRE | Booking Of An Islamic LC With Operation Pre-Advise | Export Islamic LC Only |
| CALC | Periodic commission calculation | All types |
| CANC | Cancellation of an Islamic LC | All Types |
| CLIQ | Commission Liquidation | All Types |
| CLOS | Closure Of An Islamic LC Or Guarantee | All Types |
| RASN | Re-assign an Islamic LC contract | All types |
| RAVL | Reversal of Availment | All types |
| REIN | Reinstating An Islamic LC | Revolving Islamic LC’s |
| ROPN | Reopening Of An Islamic LC | All Types |
| REVR | Reversal of an Islamic LC Contract | All types |
| REVE | Reversal of an Islamic LC Event | All Types |
| TRGN | Generation of tracers | All types |
| REIS | Reissue of Guarantee | Guarantee Only |
| AASC | Amendment from Advice to Silent Confirmation | Export Only |
Parent topic: Annexure B – Events and Advices