1. Drawings Under Transferred LC Islamic User Guide
  2. Drawing Under Transfer LC - Islamic
  3. Multi Level Approval
  4. Reject Approval

2.6.1 Reject Approval

This topic helps you quickly get acquainted with the Reject Approval process.

As a Reject approver, user can review a transaction rejected and waiting for reject confirmation.

Log in into OBTFPM application to view the reject approval tasks for Drawing Under Transferred LC in queue. On opening the task, you will see summary tiles. The tiles will display a list of important fields with values.

The tile containing the screen from where the reject was triggered will be highlighted in red.

User can drill down from reject summary tiles into respective data segments to verify the details of all fields under the data segment.

Summary

The screen up to which data was captured before reject will be available for the user to view in the summary tile. Other fields will be blank when verified from summary tile.

The data segment in which the task was rejected will have the tiles highlighted in a different colour (red).
  • Main Details - User can view the application details and LC details.
  • Party Details - User can view the party details like beneficiary, advising bank etc.
  • Beneficiary Response - User can view beneficiary response details.
  • Discrepancy Details - User can view the discrepancy details of the drawing.
  • Maturity Details - User can view the maturity details.
  • Limits and Collaterals - User can view limits and collateral details.
  • Charges - User can view charge details.
  • Revolving Details - User can view revolving details on revolving LC.
  • Payment Details - User can view the payment details.
  • Settlement Details - User can view the settlement details.
  • Loan Preferences - User can view set loan preferences.
  • FX Linkage - User can view the details of FX Linkage.
  • Compliance - User can view compliance details. The status must be verified for KYC and to be initiated for AML and Sanction Checks..
  1. Click Reject Approve to reject the transaction.

For more information on Action Buttons, refer to the field description table below.

Table 2-39 Action Buttons - Field Description

Field Description
Reject Approve On click of Reject Approve, the transaction is rejected.
Reject Decline On click of Reject Decline, the task moves back to the stage where it was rejected. User can update the reason for reject decline in remarks.
Hold User can put the transaction on ‘Hold’. Task will remain in Pending state.
Cancel Cancel the Reject Approval.

Parent topic: Multi Level Approval