Documentary Collection
- Avalization/Co-Acceptance
- For the Export Documents on collection, customer can approach
his bank (Remitting bank) with request for Avalization/Co-Acceptance by
Collecting bank and Collecting bank adds co acceptance to an Import Bill
accepted by the Importer (Drawee) and undertakes to pay the bill to the
remitting bank on due date.
- Facility to register the request from the customer and send avalization request to Collecting Bank.
- Facility to register the confirmation of avalization received from Collecting Bank.
- For the Export Documents on collection, customer can approach
his bank (Remitting bank) with request for Avalization/Co-Acceptance by
Collecting bank and Collecting bank adds co acceptance to an Import Bill
accepted by the Importer (Drawee) and undertakes to pay the bill to the
remitting bank on due date.
- Acceptance Message for Non-Discrepant Import Bills
- Provision to generate Acceptance message for Non-Discrepant Import Bills while creating bill with Acceptance operation in Final stage. New message type NONDISC_ACCPT introduced for the same.
- ‘Non-Discrepant Import LC Drawing Advice’ option introduced in Trade Finance Bank Preference maintenance. MT752/MT799 generated based on Bank preference maintenance. MAIL message generated where RMA arrangement is not available
Parent topic: Release Enhancements