2 Export LC Amendment Beneficiary Consent - Islamic
This chapter is documented to get familiar with the Export LC Amendment Beneficiary Consent - Islamic process of Oracle Banking Trade Finance Process Management.
Export LC Amendment Beneficiary Consent process enables the user to register the beneficiary consent response received for an amendment made to a LC.
As part of Conventional Export LC Amendment, Export LC Amendment process enables the bank to advise an amendment to the LC which had been already advised. The amendments may need consent from the beneficiary of the amendment and the amended LC is parked awaiting beneficiary consent. Once the Beneficiary has accepted the amendment, the LC amendment Confirmation will be triggered.
- Input basic data and Upload of related mandatory and non-mandatory documents in Registration stage
- Input/Modify details of amendment of LC - Data Enrichment stage
- Capture remarks for other users to check and act Notify customer on any negative statuses in any of the stages to the Beneficiary
- Hand off request to back office
The design, development and functionality of the Islamic Export LC Amendment process flow is similar to that of conventional Export LC Amendment process flow.
This topic contains following subtopics:
- Common Initiation Stage
This topic provides the systematic instructions to initiate the Export LC Amendment Beneficiary Consent - Islamic request. - Registration
This topic provides the systematic instructions to initiate the Registration stage of Export LC Amendment Beneficiary Consent - Islamic request. - Data Enrichment
This topic provides the systematic instructions to initiate the Data Enrichment stage of Export LC Amendment Beneficiary Consent - Islamic request. - Exceptions
This topic helps you quickly get acquainted with the Exceptions process. - Multi Level Approval
This topic helps you quickly get acquainted with the Multi Level Approval process.