1. Letter of Credit User Guide
  2. LC Maintenance
  3. Clause Details

2.2 Clause Details

This topic provides the systematic instruction to maintain, specify UDF values and perform operations related to clause details.

A clause is a statement that accompanies a document required under an LC. Instead of specifying the details of a clause every time, you can maintain a list of the standard clauses, which can accompany the documents, required for an LC, in the Clause Maintenance screen.

The advantage of maintaining clause details is that at the time of creating a product or at the time of entering an LC, you only need to specify the code assigned to the clause. All the details maintained for the clause will be automatically picked up.

This topic contains the following sections:
  • Maintain Clause Details
  • Specify UDF values
  • Operations on Clause Maintenance Record
Specify the User ID and Password, and login to Homepage.
  1. On the Homepage, type LCDCLAMA in the text box, and click the next arrow.
    The Letters of Credit Clause Code Maintenance screen is displayed.

    Figure 2-3 Letters of Credit Clause Code Maintenance


    Description of lcdclama__cvs_main.png follows
    Description of the illustration lcdclama__cvs_main.png

    For more information on the fields, refer to the Field Description table given below:

    Table 2-2 Letters of Credit Clause Code Maintenance - Field Description

    Field Description
    Clause Type Specify the clause type.
    A clause that you maintain will accompany a document that is sent for an LC. Therefore, the type of clauses that you can maintain is determined by the type of document that it accompanies. The nature of the clauses that you define can fall within the following categories:
    • Transport
    • Insurance
    • Invoice
    • Others
    This field is mandatory.
    Clause Code Specify the clause code.

    Each clause that you maintain is identified by a twelve-character code called a Clause code. You can follow your own convention for devising the code. However, at least one of the characters of the clause code should be a letter of the English alphabet.

    This code should be unique as it is used to identify the clause. While creating a product or at the time of entering the details of an LC where you need to specify the clauses that should accompany a document, you only need to specify the code assigned to the clause. The clause details will be automatically picked up and will display in the system by default.

    This field is mandatory.
    Clause Description Specify the clause description.

    After you have specified a code for the clause, you can proceed to maintain a detailed description of the clause.

    The description carries the contents of the clause, which will be printed on the customer correspondence that accompany an LC. The clause description can contain a maximum of thirty two thousand characters.

    After you have made the mandatory entries, you should save the record.

    This field is optional.
    Language Code The language used in the document which you bank receives from the customer.

    This field is mandatory.
  2. On the Letters of Credit Clause Code Maintenance screen click New.
    The Letters of Credit Clause Code Maintenance screen is displayed without any details. You can maintain details for the letters of credit clause code maintenance details for the first time.
  3. Click Save to save the details.
  4. On the Letters of Credit Clause Code Maintenance screen, click Fields.

    The User Defined Fields screen is displayed.

    Figure 2-4 User Defined Fields


    Description of Figure 2-4 follows
    Description of "Figure 2-4 User Defined Fields"

  5. Enter the value for the UDFs listed in the Value column and click Ok.
    You can view the list of UDFs associated to this screen.

    Note:

    For more details on how to create User Defined fields, refer the topic creating custom fields in Oracle Banking Trade Finance in the User Defined Fields User Manual under Modularity.
  6. On an Clause Maintenance record, you can perform the following operations (if any icon is disabled in the application toolbar, it means that the function is not allowed for the record)
    1. Amend the details of a record
    2. Authorize a record
    3. Copy the details of a commodity, on to a new record
    4. Close a record
    5. Reopen a closed record
    6. Print the details of a record
    7. Delete a record
    You can Amend/Authorize/Copy/Close/Reopen/Print/Delete a record.

    Note:

    Please refer to the manual on Common Procedures for details of these operations.

Parent topic: LC Maintenance