2 Import LC Internal Amendment - Islamic

Conventional Import LC Internal Amendment enables the user to make the following amendments to the LC which had been already issued.

The common amendments that are made to an Import LC are:
  • Change in Limits
  • Change in Collateral
The various stages involved for Import LC Internal Amendment are:
  • Receive and verify documents and input the basic details (Non Online Channel)- Registration stage
  • Input/Modify details - Data Enrichment stage
  • Check for limit availability
  • Check balance availability for amount block
  • Earmark limits/Create amount block for cash margin/charges
  • Capture remarks for other users to check and act
  • Generate acknowledgements.
  • Hand off request to back office

The design, development and functionality of the Islamic Import LC Internal Amendment process flow is similar to that of conventional Import LC Amendment process flow.

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