2 Guarantee SBLC Advised - Claim Settlement Islamic

This User Manual describes the various stages of Guarantee SBLC Advised - Claim Settlement Islamic process.

The claim requested for Guarantee/SBLC can be settled through the Settlement Process.

The various stages involved for Claim Settlement of Guarantee Issued are:
  • Receive and verify documents- Registration stage
  • Input application details
  • Upload of related mandatory and non-mandatory documents
  • Verify documents and capture details- Data Enrichment stage
  • Check balance availability for amount block
  • Check for sanctions & KYC status
  • Create amount block for charges
  • Capture remarks for other users to check and act
  • Hand off request to back office

The design, development and functionality of the Islamic Guarantee Advise Claim Settlement process flow is similar to that of conventional Guarantee Advice process flow.

This topic contains following subtopics: