1. Export LC Update Drawings Islamic User Guide
  2. Export LC Update Drawing - Islamic

2 Export LC Update Drawing - Islamic

This chapter is documented to get familiar with the Export LC Update Drawing - Islamic process of Oracle Banking Trade Finance Process Management.

An Export LC Drawing can be updated on account of response from Beneficiary (Exporter) for handling discrepant documents. Beneficiary can submit new documents or can provide further instructions. Update can also happen for capturing information received from the issuing bank or any other party to the transaction.

The various steps involved for Export LC Drawing update are:
  • Receive and verify documents (Non Online Channel)- Registration stage
  • Input update request details
  • Upload of related mandatory and non-mandatory documents received from the presenting bank
  • Verify documents and capture details (Online/Non Online Channels)- Scrutiny stage
  • Input/Modify details of Bill - Data Enrichment stage
  • Check for limit availability
  • Check balance availability for amount block
  • Check for sanctions & KYC status
  • Earmark limits/Create amount block for cash margin/charges During Simulation, the following items are generated in OBTF and displayed in OBTFPM, based on data input in OBTFPM:

    Charges, Interest, Advices, Preview message, Accounting entries and Settlement.

  • Capture remarks for other users to check and act
  • Hand off request to back office
The design, development and functionality of the Islamic Export LC Update Drawing process flow is similar to that of conventional Export LC Update Drawing process flow

This topic contains following subtopics:

  • Common Initiation Stage
    This topic provides the systematic instructions to initiate the Export LC Update Drawings - Islamic request.
  • Registration
    This topic provides the systematic instructions to initiate the Registration stage of Export LC Update Drawings - Islamic request.
  • Scrutiny
    This topic provides the systematic instructions to initiate the Scrutiny stage of Export LC Update Drawings - Islamic request.
  • Data Enrichment
    This topic provides the systematic instructions to initiate the Data Enrichment stage of Export LC Drawing Update - 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.