2 Export LC Transfer Cancellation - Islamic
This User Manual is documented to get familiar with the Export LC Transfer Cancellation - Islamic process of Oracle Banking Trade Finance Process Management.
Export LC Transfer Cancellation process enables the user to cancel the active Transfer LC which had been already advised:
An active Transfer LC Cancellation request received from First
beneficiary can be cancelled in case of below scenarios:
- If further drawings are not expected/required under a Transfer LC.
- Request has been received for Parent Export LC cancellation; hence any issued Transfer LC has to be cancelled as well prior to cancellation of the parent Export LC.
The design, development and functionality of the Islamic Export LC Transfer Cancellation process flow is similar to that of conventional Export LC Transfer Cancellation process flow.
In the following sections, let’s look at the details for Export LC Transfer cancellation- Islamic process.
This topic contains following subtopics:
- Common Initiation Stage
This topic provides the systematic instructions to initiate the Export LC Transfer Cancellation - Islamic request. - Registration
This topic provides the systematic instructions to initiate the Registration stage of Export LC Transfer Cancellation - Islamic request. - Data Enrichment
This topic provides the systematic instructions to initiate the Data Enrichment stage of Export LC transfer Cancellation - 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. - Reject Approval
This topic helps you quickly get acquainted with the Reject Approval process.