The rationale for the product release of Oracle Banking Trade Finance version 14.8.0.0.0 is to support regulatory requirements and enhance features that are essential in competitive market.

Following are the features included in the release along with forward porting of applicable fixes related to the incidences reported in previous versions and technical qualification to comply with approved Tech Stack.

• Documentary Credits
  • Transfer LC enhancements
  • Accountee and Applicant bank as Counterparty
  • Deletion of Advice Through bank and Confirming bank
• Documentary Collection
  • Avalization/Co-Acceptance
  • Acceptance Message for Non-Discrepant Import Bills
• Guarantees / Stand-by-LCs
  • Guarantee Claim Extension
  • Accountee and Applicant Bank as Counterparty
  • Auto Renewal of Open-Ended Guarantees
  • Conditional Guarantees with and without Expiry Type
• Trade – Common Feature
  • SWIFT 2023 changes
  • MT798 – SWIFT changes
  • Incoming Message Linkage
  • Common Accounting handoff
  • Advance by Loan changes
  • Common Entity changes
  • GL Revaluation changes
  • Common Accounting handoff
  • OBTF integration through OBRH
  • CASA/CD linkage