Documentary Credits

  1. Transfer LC enhancements
    • System enhanced to update export LC outstanding amount, outstanding liability, available units and transferred amount during Transfer LC increase or decrease of amount
    • During Transfer LC increase in amount, system to validate that increase in value is not greater than export LC outstanding amount. During export LC decrease in amount, system to validate that decrease in amount is not greater than outstanding amount in export LC
    • During Export LC Cancel/Close system to validate there are no active Transfer LCs.
    • During Cancel/Close of Transfer LC, outstanding amount, outstanding liability, available goods and transferable amount in Export LC increased to the tune of Transfer LC amount and units.
    • APIs introduced to provide Export LCs and Transfer LCs eligible for Cancel/Close/Amendment
    • 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.
    • First beneficiary will be counter party of Bills under Transfer LC with substitution. Second beneficiary will be counter party of Bills under Transfer LC without substitution.
    • Source reference of Transfer LC will be process reference number from OBTFPM
  2. Accountee and Applicant as Counterparty
    • System enhanced to support deletion of Advice Through Bank during LC amendment with or without beneficiary confirmation
    • System enhanced to support deletion or amendment of Confirming Bank during LC amendment with or without beneficiary confirmation
  3. Deletion of Advice Through Bank and Confirming Bank
    • System enhanced to support deletion of Advice Through Bank during LC amendment with or without beneficiary confirmation
    • System enhanced to support deletion or amendment of Confirming Bank during LC amendment with or without beneficiary confirmation

Parent topic: Release Enhancements