• First beneficiary of Export LC (Parent) will be counterparty of Transfer LC (Child) with new party type FBN.
• Charges of transfer LC will be borne by first beneficiary.
• Advices will be sent to first beneficiary.
• Counter party of Bills under Transfer LC with substitution will be first beneficiary.
• Counter party of Bills under Transfer LC without substitution will be second beneficiary.
• Source reference of Transfer LC will be process reference number from OBTFPM.
• Transfer LC APIs enhanced to support the same.