This topic describes the systematic instruction to capture the availment details.

1. On the homepage, type LCDAVMNT in the text box, and click the next arrow.
   The Letters of Credit Availment Detail screen is displayed.

   Figure 5-1 Letters of Credit Availment Detail

   
   

   
   Description of "Figure 5-1 Letters of Credit Availment Detail"

   
   
2. On the Letters of Credit Availment Detail screen, click New.
   The Letters of Credit Availment Detail screen is displayed with no details.

   Enter the field details and click Save to maintain the details.

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

   Table 5-1 Letters of Credit Availment Detail - Field Description

   Field	Description
   Contract Reference	Specify or select the contract reference number from the option list provided. You can fetch the transactions of all branches by choosing either contract reference number or branch from this option list. Click Populate ‘P’ button. The following contract details will be displayed: Event Description Issue Date Expiry Date User ref No Version No Currency Counterparty Related Reference Number Amount Liability Outstanding Amount Available Confirmed Amount Availed Unconfirmed Amount Undertaking Amount Availed Not Undertaking Amount Note: The system will not display LC with Pre-advice operation contract in the option list. This field is mandatory.
   Availment Details	Specify the availment details:.
   Availment Amount	You can specify the amount being availed under the LC, in this screen. The availment amount that you specify cannot be greater than the Outstanding LC Amount displayed in this screen. Partial amounts can be availed against an LC. The availment thus need not always be the amount available under the LC. After an availment is made on an LC, the LC amount is automatically reduced. The LC amount after the availment is displayed in the Outstanding LC Amount field of the ‘LC Contract Main’ screen.   If the LC is linked to an open insurance policy for which the option ‘Update utilization Automatically’ is checked, the system will decrease the utilization on the policy with the LC availment amount. Similarly, if the availment is reversed or a reversal is deleted, then the utilization amount will be increased or decreased respectively to the extent of the availment amount.   On saving the transaction after entering all the required details in the system, the system validates the value of the availed amount against the following: Product transaction limit User Input limit If the transaction currency and the limit currency are different, then the system converts the amount financed to limit currency and checks if the same is in excess of the product transaction limit and user input limit. If this holds true, the system indicates the same with below override/error messages: Number of levels required for authorizing the transaction Transaction amount is in excess of the input limit of the user This field is mandatory.
   Value Date	An availment can be made either as of a date in the past or today. By default, the system displays the current date. You can change it to a date in the past. This field is optional.
   Availment Type	Specify the type of availment to be recorded under the LC. Click the drop-down list and select one of the following values: Payment Acceptance Negotiation Note: If the entry to this field does not adhere to the conditions specified above you will be prompted for an override. This field is optional.
   Liability Amount	The Liability Amount refers to the customer’s liability to the bank. For an availment you can specify the amount that should be reduced, from the Outstanding Liability amount. The Outstanding Liability amount can be reduced by an amount that is greater or less than the amount currently being availed. By default, the availment amount specified in the Availment Amount field will be defaulted here. Note: The liability amount that you specify should not result in the Outstanding Liability Amount being less than the Outstanding LC Amount. If the values entered as the Availment Amount and the Liability Amount result in the liability amount being less than the LC amount, an error message will be flashed. The message will prompt you to re-enter values to the relevant fields. This field is optional.
   Remarks	Click the icon and enter information about the availment in the window that pops up. This information is intended for the internal reference of your bank. These remarks will be displayed when the details of the availment are retrieved or printed. This field is optional.
   Event Sequence Number	The system displays the event sequence number. This indicates a number corresponding to the number of events for which the operation has been performed. This field is optional.
   Outstanding	Specify the Outstanding details.
   Liability	On clicking ‘P’ button after specifying the contract reference number, the system displays the current liability amount. This field is optional.
   Amount	On clicking ‘P’ button after specifying the contract reference number, the system displays the current outstanding amount. This field is optional.
   Unconfirmed Availed Amount	The system displays the Unconfirmed Availed Amount on clicking 'P' button after specifying the contract reference number,
   Available Undertaking Amount	The system defaults the latest availed undertaking amount on click of 'P' button after specifying the contract reference number.
   Availed Not Undertaking Amount	The system defaults the latest availed non undertaking amount on click of 'P' button after specifying the contract reference number.
   Confirmed Amount	On clicking ‘P’ button after specifying the contract reference number, the system displays the current confirmed amount. This field is optional.
   Unconfirmed Amount	On clicking ‘P’ button after specifying the contract reference number, the system displays the current unconfirmed amount. This field is optional.
   Available Confirmed Amount	On clicking ‘P’ button after specifying the contract reference number, the system displays the current available confirmed amount. This field is optional.
   External Pricing	Specify the external pricing details.
   External Charge	During availment for a contract for which External Charges is enabled at product level, external charges is fetched from external pricing and billing engine. This field is optional.