1. Guarantee/SBLC Advise Cancellation User Guide
  2. Guarantee Advise Cancellation
  3. Multi Level Approval
  4. Reject Approval

2.4.1 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 Guarantee Advise available 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.

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 data captured during handling of the transaction until the stage when reject is given will be available 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 and modify details about application details and guarantee details, if required.
  • Party Details - User can view and modify party details like beneficiary, advising bank etc., if required.
  • Charge Details - User can view and modify charge details, if required.
  • Guarantee Details - User can view and modify Counter Guarantee details and Guarantee details, if required.
  • Advice Preview - User can view and modify draft guarantee details, legal verification and customer confirmation details, if required.
  • Compliance - User can view compliance details. The status must be verified for KYC and to be initiated for AML and Sanction Checks.
  • Remarks - As a Reject approval user, you will be able to view the remarks captured in the process during earlier stages. User also can see the Reject code with reason for rejection in the Remarks column
  1. Click Reject Approve to reject the transaction.

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

Table 2-25 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