2.3.5 Additional Details
This topic provides the systematic instructions to capture the additional details in Scrutiny stage of Export LC Amendment - Islamic process.
- On Additional Details screen, click
on any Additional Details tile to view the details.Limits and Collaterals
On Approval, system should not release the Earmarking against each limit line and system should handoff the “Limit Earmark Reference Number “to the back office. On successful handoff, back office will make use of these “Limit Earmark Reference Number” to release the Limit Earmark done in the mid office (OBTFPM) and should Earmark the limit from the Back office.
In case multiple Lines are applicable, Limit Earmark Reference for all lines to be passed to the back office.
Description of the illustration scrutinylimitdetails.png
Figure 2-13 Limit Details
Description of the illustration scrutinylimitdetails1.pngFor more information on fields, refer to the field description table below.
Table 2-15 Limit Details - Field Description
Field Description Limit Details Click plus icon to add new limit details. Below fields are displayed on the Limit Details pop-up screen, if the user clicks plus icon.
Customer ID This field displays the applicant’s/applicant bank customer ID defaulted from the application. Linkage Type Select the linkage type. Linkage type can be:
- Facility
- Liability
By default Linkage Type should be Facility.
Contribution % System will default this to 100%. User can modify, if contribution is more than 100%. System will display an alert message, if modified. Once contribution % is provided, system will default the amount.
System to validate that if Limit Contribution% plus Collateral% is equal to 100. If the total percentage is not equal to 100 application will display an alert message.Note:
The collateral % maintained for the customer is defaulted into the Collateral Details screen. If collateral % is not maintained for the customer, then system should default the collateral % maintained for the product. User can modify the defaulted collateral percentage, in which case system should display a override message “Defaulted Collateral Percentage modified.Liability Number Click Search to search and select the Liability Number from the look-up. The list has all the Liabilities mapped to the customer.
Contribution Currency This field displays the contribution currency. Line ID/Linkage Ref No Click Search to search and select from the various lines available and mapped under the customer id gets listed in the drop-down. LINE ID-DESCRIPTION will be available for selection along with Line ID. When you click on 'verify', the system will return value if the limit check was successful or Limit not Available. If limit check fails, the outstanding limit after the transaction value will be shown in the limit outstanding amount.
The user can click the Line Id link to view the limit details.Note:
User can also select expired Line ID from the lookup and on clicking the verify button, system should default “The Earmarking cannot be performed as the Line ID is Expired” in the “Response Message” field.This field is disabled and read only, if Linkage Type is Liability.
Limit/Liability Currency This field displays the limit currency, when the user select the Liability Number. Limits Description This field displays the limits description. Limit Check Response This field displays the limit check response. Response can be ‘Success’ or ‘Limit not Available’ based on the limit service call response.
The value in this field appears, if you click the Verify button.
Amount to Earmark This field defaults the amount to earmark. Contribution amount will default based on the contribution %.
User can change the value.
Expiry Date This field displays the date up to which the Line is valid. Limit Available Amount This field displays the value of available limit, i.e., limit available without any earmark. The Limit Available Amount must be greater than the Contribution Amount. The value in this field appears, if you click the Verify button.
Response Message This field displays the detailed response message. The value in this field appears, if you click the Verify button.
ELCM Reference Number This field displays the ELCM reference number. Limit Details grid Below fields appear in the Limit Details grid along with the above fields.
Line Serial Displays the serial of the various lines available and mapped under the customer id. This field appears on the Limits grid.
Edit Click the link to edit the Limit Details. Cash Collateral Details Specify the Cash Collateral Details. Collateral availability needs to be checked if amendment involves increase in amount or tolerance.
Provide the collateral details based on the description provided in the following table:
Collateral Percentage System populates the Collateral % maintained in the Customer / Product for the counter party of the contract. User can modify the collateral percentage.
Collateral Currency and amount System populates the contract currency as collateral currency by default. User can modify the collateral Currency and amount.
Exchange Rate System populates the exchange rate maintained. User can modify the collateral Currency and amount.
System validates for the Override Limit and the Stop limit if defaulted exchange rate is modified.
Edit Click edit link to edit the collateral details. Collateral Details pop-up screen Click + plus icon to add new collateral details. Below fields are displayed on the Collateral Details pop-up screen, if the user clicks plus icon.
Total Collateral Amount Read only field. This field displays the total collateral amount provided by the user.
Collateral Amount to be Collected Read only field. This field displays the collateral amount yet to be collected as part of the collateral split.
Sequence Number Read only field. The sequence number is auto populated with the value, generated by the system.
Collateral Split % Specify the collateral split% to be collected against the selected settlement account.
Collateral Contribution Amount Specify the collateral amount to be collected against the selected settlement account. User can either provide the collateral % where the collateral amount will be auto populated or modifying the collateral amount will auto correct the collateral %.
Settlement Account Click Search to search and select the settlement account for the collateral. Settlement Account Currency Read only field. This field displays the settlement account currency defaulted by the system.
Exchange Rate Read only field. This field displays the exchange rate, if the settlement account currency is different from the collateral currency.
Contribution Amount in Account Currency Read only field. This field displays the contribution amount in the settlement account currency as defaulted by the system.
Account Available Amount Read only field. System populates the account available amount on clicking the Verify button.
Response Read only field. System populates the response on clicking the Verify button.
Response Message Read only field. System populates the response message on clicking the Verify button.
Verify Click to verify the account balance of the Settlement Account. Save & Close Click to to save and close the record. Cancel Click to cancel the entry. Cash Collateral Details grid Below fields appear in the Cash Collateral Details grid along with the above fields. Collateral % Specify the percentage of collateral to be linked to this transaction. If the value is more than 100% system will display an alert message. The collateral % maintained for the customer is defaulted into the Collateral Details screen. If collateral % is not maintained for the customer, then system should default the collateral % maintained for the product. User can modify the defaulted collateral percentage, in which case system should display a override message “Defaulted Collateral Percentage modified.
Contribution Amount This field displays the collateral contribution amount. The collateral % maintained for the customer is defaulted into the Collateral Details screen. If collateral % is not maintained for the customer, then system should default the collateral % maintained for the product. User can modify the defaulted collateral percentage, in which case system should display a override message “Defaulted Collateral Percentage modified.
Edit Click edit link to edit the collateral details. Account Available Amount This field displays the account available amount which will be auto-populated based on the settlement account selection. Deposit Linkage Details Specify the new deposit linkage details. Click + plus icon to add new Deposit Linkage details.
Below fields are displayed on the Deposit Linkage Details pop-up screen, if the user clicks plus icon.
In this section which the deposit linkage details is captured. System should allow the user to Link one or more existing Deposits as a contribution to secure underlying transactions. On Submit of DE stage, system will create Linkage of the Deposit/modification of existing Linkage by calling Back-office system (DDA) system directly.
Edit Click edit link to edit the deposit linkage details. Deposit Account Click Search to search and select deposit for linkage from the list of all the customer Deposits. All the Deposits of the customer should be listed in the LOV search. User should be able to select the deposit for linkage.
Deposit Branch This field displays the deposit branch which will be auto-populated based on the deposit account selection. Deposit Available Amount This field displays the deposit available amount and currency which will be auto-populated based on the deposit account selection. Deposit Maturity Date This field displays the maturity date of deposit based on the deposit account selection. Exchange Rate This field displays the latest exchange rate for deposit linkage. This will be picked up from the exchange rate maintenance from the common core.
Deposit Available In Transaction Currency This field displays the deposit amount available, after exchange rate conversion, if applicable. Linkage Percentage % Specify the value for linkage percentage. Linkage Amount (Transaction Currency) This field displays the transaction amount, user can change the value. System validates the linking amount with available Deposit balance and should not allow to link more than the available amount.
Deposit Linkage Details Below fields appear in the Deposit Linkage Details grid along with the above fields. Deposit Currency This field displays the deposit currency. Transaction Currency This field displays the transaction currency. - Click Save and Close to save the details and close the
screen.
Commission, Charges and Taxes
This section displays Commission, Charges and Taxes details. On landing the additional tab, charges, commission and tax components mapped to the product from the back office system.
The system also default the Charges/Commission Party maintained for the customer as per defined Class Maintenance in OBTF. System simulates the Charges, Commission and Tax details from the Back office.
If default charges are available under the product, they should be defaulted here with values. If customer or customer group specific charges are maintained, then the same will be defaulted from back end system.
Description of the illustration scrutinychargedetails.png
For more information on fields, refer to the field description table below.
Table 2-16 Charge Details - Field Description
Field Description Commission Details This section displays the commission details. Component This field displays the commission component. Rate This field displays the rate that is defaulted from product. The commission rate, if available in Back Office defaults in OBTFPM. The user is able to change the rate.
If flat commission is applicable, then commission amount defaulted from back office is modifiable by the user. Rate field will be blank and the user cannot modify the Rate field.
Modified Rate From the default value, if the rate is changed the value gets updated in this field. Currency This field displays the currency in which the commission have to be collected. Amount This field displays the amount that is maintained under the product code. The commission rate, if available in Back Office defaults in OBTFPM. The user is able to change the rate, but not the commission amount directly. The amount gets modified based on the rate changed and the new amount is calculated in back office based on the new rate and is populated in OBTFPM.
If flat commission is applicable, then commission amount defaulted from back office is modifiable by the user. Rate field will be blank and the user cannot modify the Rate field.
Modified Amount From the default value, if the amount is changed, the value gets updated in the modified amount field. Defer Switch to 
for charges/commissions has to be deferred and
collected at any future step.
Waive Switch to to waive the charges/commissions.
Based on the customer maintenance, the charges/commission can be marked for Billing or Defer.
If the defaulted Commission is changed to defer or billing or waive, system must capture the user details and the modification details in the ‘Remarks’ place holder.
Split Switch to to split the Commission as per the
requirement.
Charge Party Charge party is 'Applicant' by default. User can change the value to Beneficiary. Settlement Account Select the settlement account. Charge Details This section displays the charge details. Component This field displays the charge component type. Tag Currency This field displays the tag currency in which the charges have to be collected. Tag Amount This field displays the tag amount that is maintained under the product code. Currency This field displays the currency in which the charges have to be collected. Amount This field displays the amount that is maintained under the product code. Modified From the default value, if the rate is changed or the amount is changed, the value gets updated in the modified amount field. Billing Switch to to make the details available for billing engine for
further processing, if charges are handled by separate
billing engine.
On simulation of charges/commission from Back Office, if any of the Charges/Commission component for the customer is ‘Billing’ enabled, ‘Billing’ toggle for that component should be automatically enabled in OBTFPM.
The user can not enable/disable the option, if it is de-selected by default.
This field is disabled, if ‘Defer’ toggle is enabled.
Defer Switch to to defer the charges and collect at any future
step.
On simulation of charges/commission from Back Office, if any of the Charges/Commission component for the customer is AR-AP tracking enabled, ‘Defer’ toggle for that component should be automatically checked in OBTFPM.
The user can enable/disable the option the check box. On de-selection the user has to click on ‘Recalculate’ charges button for re-simulation.
Waive Switch to to waive the charges.
Based on the customer maintenance, the charges should be marked for Billing or for Defer.
This field is disabled, if Defer toggle is enabled.
Split Switch to to split the Charges/Commission as per the
requirement.
Charge Party Charge party is applicant by default. User can change the value to beneficiary. Settlement Account Select the settlement account. Tax Details This section displays the tax details. The tax component is calculated based on the commission and defaults if maintained at product level. User cannot update tax details and any change in tax amount on account of modification of charges/ commission will be available on click of Re-Calculate button or on hand off to back-end system.
Component This field displays the tax component. Type This field displays the type of tax component. Value Date This field displays the value date of tax component. Currency This field displays the currency in which the tax have to be collected. The tax currency is the same as the commission.
Amount This field displays the tax amount based on the percentage of commission maintained. You can edit the tax amount, if applicable.
Billing Switch to to make the details available for billing engine for
further processing, if charges are handled by separate
billing engine.
On simulation of charges/commission from Back Office, if any of the Charges/Commission component for the customer is ‘Billing’ enabled, ‘Billing’ toggle for that component should be automatically enabled in OBTFPM.
The user can not enable/disable the option, if it is de-selected by default.
This field is disabled, if ‘Defer’ toggle is enabled.
Defer Switch to to defer the charges and collect at any future
step.
The user can enable/disable the option the check box. On de-selection the user has to click on Recalculate charges button for re-simulation.
Settlement Account System defaults the settlement account. The user can modify the settlement account.
Split Settlement This section displays the Split Settlement details. Once the user clicks on the Recalculate button to fetch the Split Settlement details from Backoffice, new section “Split Settlement” will appear below the ‘Tax’ section. The default parties in Split row should be fetched from OBTF.
Component The split component type eligible for Split . Currency The currency of split settlement. Amount The amount of split settlement. Split Settlement Details Split Settlement details section appears from Back office, when the user clicks on the Recalculate button.
Seqence The sequence number is auto populated with the value, generated by the system. Component The split component type eligible for Split. Amount The system splits the respective Charge/Commission amount automatically between counter party and third party with 50% value by default. The bank user can modify the amount.
More than two splits are not allowed.
Customer Indicates the ID of the Customer in Split Settlement Details section. Account The system defaults the settlement account. User can modify the settlement account. System initiates a call to common core tables within OBTFPM to select the account.
Account Currency This field defaults the currency of the account. Branch Indicates the branch of the customer where transaction is getting processed. Percentage The system splits the respective Charge/Commission percentage automatically between counter party and third party with 50% value by default. More than two splits are not allowed.
The bank user can modify the amount.
The system should validate that the total percentage of each component doesn't exceed 100 and the total amount of each component doesn't exceed total component amount.
Exchange Rate System populates the exchange rate maintained. Original Exchange Rate System displays the Original Exchange Rate as simulated in split settlement details section. Party Type System displays the party type in split settlement details section. Negotiation Reference Specify the negotiation reference number. AR-AP Tracking Indicates to defer the charge/ commission in Split Settlement Details section. The user can modify the AR-AP Tracking flag as per the requirements.
Loan/Finance Account Displays the loan account. Negotiation Rate Specify the negotiation rate. Revolving DetailsFor more information on fields, refer to the field description table below.
Table 2-17 Revolving Details - Field Description
Field Description Revolving This field displays the revolving details of the LC. Revolving In Indicates the mode of revolving in this field. The LC can revolve with Time or Units. Revolving Frequency In case the LC revolves with time, then this field should be updated. This field captures the frequency in days and months by which the LC revolves. Revolving Units This field indicates the units by which the LC revolves. Next Reinstatement Date This field displays the date of next reinstatement for the LC based on the revolving frequency selected. Cumulative This field indicates, if the LC value has to be cumulative or not on reinstatement. Automatic Reinstatement This field enables the user to have automatic reinstatement on the reinstatement day without manual intervention. - Click Save and Close to save the details and close the
screen.FX Linkage
This section enables the user to link the existing FX contract(s) to the LC transactions. User can link multiple forward FX contracts.
FX contract linkage with the Bill booking can happen only for immediate liquidation of sight payment or for Usance. For manual sight payment, the user needs to link the FX contract on the date of liquidation of the Bill.
Description of the illustration fxlinkagedetails.pngFor more information on fields, refer to the field description table below.
Table 2-18 FX Linkage - Field Description
Field Description FX Reference Number Click Search to search and select the FX contract reference number. On select and save and close, system defaults the available amount, bot currency, sold currency and rate. Forward FX Linkage available for selection at bill would be as follows,- Counterparty of the FX contract should be the counterparty of the Bill contract.
- Active Forward FX transactions authorized not marked for auto liquidation.
Bill contract currency should be BOT currency of the FX transaction in case of an export Bill or the SOLD currency in case of an Import Bill.
The user can click + to add multiple FX Details.
Bought Currency This field displays the currency from the linked FX contract. Sold Currency This field displays the currency from the linked FX contract. Available Contract Amount Available amount will be FX contract amount minus the linked amount. Available amount for linkage should be greater than Zero. Rate This field displays the rate at which the contract is booked. Linked Amount Sum of Linked amount will not be greater than LC contract amount. Linked amount will not be greater than the available amount for linkage.
Current Utilized amount This field displays the liquidated /purchased /discounted /negotiated amount of BC contract. It cannot go beyond the linked FX amount. Total Utilized Amount This field displays the total amount utilized against the corresponding linked FX. On query, both Utilized and Total Utilized amount holds the amount of latest version.
Amount in Contract Currency This field displays the amount in contract currency converted from FX currency. FX Expiry Date This field displays the expiry date from the linked FX contract. FX Delivery Period - From This field displays the date from which the contract is valid for utilization. FX Delivery Period - To This field displays the date to which the contract is valid for utilization. Action Click Edit icon to edit the FX details. Click Delete icon to delete the FX details.
Average FX Rate Multiple forward FX contract could be linked,and exchange rate of FX contract vary from each. Hence, effective exchange rate for bill would be arrived using weighted average method and it is utilized during purchase/negotiation/discount or liquidation of the bill. This will be populated in the Average FX Rate. - Click Save and Close to save the details and close the
screen.Assignment of Proceeds
In this tile, assignment details for the applicable processes is displayed. Proceeds can be assigned only if the parties have been assigned during drawing or update drawing process.
For more information on fields, refer to the field description table below.
Table 2-19 Assignment of Proceeds - Field Description
Field Description Assignment of Proceeds Specify the Assignment of Proceeds details. Assignment Paid By Importer Enable the option, if assignment is paid by importer. Sequence Specify the sequence number. Assignee ID & Assignee Details Click Search to search and select the assignee id. Assignee details appear based on selected assignee ID. User can add multiple assignees to a single Bill under LC with the assignment amount or assignment percentage of parent LC.
Note:
WALKIN customers is allowed as assignee.Assignment % Specify the percentage of LC amount that has be assigned to the assignee. Once the user updates the rate, the system calculates the amount as per assigned rate and default in the assigned amount field. If the user directly captures the assigned amount then the assigned percentage has to calculate the percentage and the same to be populated in the screen. If contribution is more than 100%, system to display an alert message. Once contribution % is input system will default the amount. System to validate that Limit Contribution percentage plus Collateral percentage is equal to 100. Otherwise system to provide override.The assignment percentage should be rounded to two decimal places.
Currency Click Search to search and select the account currency of the settlement account of the assignee. Only the currencies for which the settlement account is available, only those currency will be displayed. Assigned Amount Specify the amount that has to be assigned to the assignee. If the user has already entered the assignment percentage, system to calculate the amount and populate the value.
Assignee Bank Details Click Search to search and select the assignee bank. Account with Institution Click Search to search and select the account number of the Account with Institution.
Parent topic: Scrutiny