1. Islamic Letters of Credit
  2. Islamic Letters of Credit - Maintenance
  3. Free Format Text (FFT) Codes Details
  4. Maintain Free Format Text (FFT) Codes

2.3.1 Maintain Free Format Text (FFT) Codes

This topic describes the systematic instruction to maintain Free Format Text (FTT) Codes.

Free Format Text (FFT) may be a set of instructions or statements that are applicable to the Islamic LCs that you process. There are certain standard statements that should appear in the correspondence and messages, sent to the parties involved in an Islamic LC. Instead of specifying the details of an FFT each time you need to use it, you can maintain them in the FFT Maintenance screen.

The advantage of maintaining FFT details is that at the time of creating a product or while entering the details of an Islamic LC, you only need to specify the code assigned to the FFT. All the details maintained for the FFT code will be automatically picked up. This reduces your effort, as you do not need to enter the description of an FFT each time you use it.

Specify User Id and Password, and login to Homescreen.
  1. On Homescreen, specify BCDFFTCD in the text box, and click next arrow.
    Bills & Collections Free Format Code Maintenance screen is displayed.

    Figure 2-3 Bills & Collections Free Format Code Maintenance


    Description of Figure 2-3 follows
    Description of "Figure 2-3 Bills & Collections Free Format Code Maintenance"
  2. On Bills and Collections free Format code, specify the fields.
    For more information on fields, refer to the field description table below:

    Table 2-3 Bills and Collection

    Field Description
    Text Code In Oracle Banking Trade Finance, each FFT that you maintain is identified by a twelve character code called an FFT Code. You can follow your own conventions for devising the code. However, at least one of the characters of the goods code should be a letter of the English alphabet.

    The code that you specify should be unique since it identifies the FFT. While creating a product, or at the time of entering the details of an Islamic LC you only need to specify the code assigned to the FFT. The FFT details will be automatically picked up and defaulted.
    Language Code Specify the language code using which all the correspondences with the party should be carried out. Click the option list icon to view the list of available language codes.
    Free Format Text After assigning a code to identify an FFT, you can proceed to maintain the description of the FFT. The description that you specify can contain text up to two thousand characters.

Parent topic: Free Format Text (FFT) Codes Details