Enhancements to Existing Processes

The following are the enhancement to the existing process as a part of 14.8.0.0.0 Release:

Export LC Advise (Conventional and Islamic)
- OBTFPM system is enhanced to align field values as per OBTF to capture confirmation details and to support and add confirmation post Advising.
Export LC Amendment (Conventional and Islamic)
- OBTFPM system is enhanced to align field values as per OBTF to capture confirmation details and to support and add confirmation post Advising.
- For a Confirmed LC, facility to add amendment with increase in LC Amount with or without adding confirmation for the increased amount.
- The existing screen of Export LC Amendment is enhanced to incorporate the changes because of the Transfer LC Amendment Changes.
- Validation for Active Transfer LC: If an active Transfer LC with the substitution flag set to 'Yes' exists, an override message will be displayed: "Transfer LC with substitution available. Check before proceeding."
- LC Amount Decrease with Beneficiary Consent: System ensures the reduction, including tolerance, does not exceed the available balance in Export LC. If validation fails, an override message is shown.
- LC Amount Decrease without Beneficiary Consent: System enforces validation to prevent the reduction from exceeding the available balance in Export LC. If validation fails, an error message is displayed.
Export LC Amendment - Internal amendment (Conventional and Islamic)
- Provision to input BIC code details for Walkin customers under Common group message tab for all the applicable SWIFT messages.
- Provision for sending beneficiary consent response via MT799 to Issuing Bank in amendment beneficiary consent process.
- The existing screen of Export LC Amendment Beneficiary Consent is enhanced to incorporate the changes because of the Transfer LC Amendment Changes.
- Users can confirm the amendment for LC amount reduction once the balance is available in Export LC.
- During Beneficiary Consent:
  - If the response is "Confirm", the system revalidates that the decrease, including tolerance, does not exceed the outstanding balance. If validation fails, an error is displayed; if the balance is available, the process continues.
  - If the response is "Reject", no validation is performed, allowing the transaction to proceed.

Export LC Cancellation (Parent LC)
- System now validates active Transfer LCs before cancelling the Parent LC.
Export LC Closure (Parent LC)
- System now validates active Transfer LCs before closing the Parent LC.
- If an active Transfer LC exists, an error message is displayed: "LC cannot be closed as there is an Active Transfer LC."
Export LC Drawing (Conventional and Islamic)
- Negotiation under Reserve is handled in OBTF but corresponding placeholder not available in OBTPFM.
Export LC Drawing Processing using GEN AI (Conventional)
- Automated data extraction from export documents to UI, reducing manual entry.
- AI-driven identification of discrepancies on account of inconsistencies in data in exporter documentation for improved accuracy.
Export LC Update Drawing (Conventional and Islamic)
- Provision to input BIC code details for Walkin customers under Common group message tab for all the applicable SWIFT messages.
Export LC Drawing Liquidation
- New field is introduced to display substituted bill details.
Export LC Drawing Lifecycle
- Facility to add additional documents which are not mentioned in LC or Representation of Documents submitted as Discrepant Documents.
Export LC Transfer Amendment (Conventional and Islamic)
- The existing screen of Export LC Transfer Amendment is enhanced to incorporate the latest changes of Transfer LC Amendment process.
- System now allows amendment of Transfer LC amount, including tolerance.
- Validation to ensure increased Transfer LC amount (with tolerance) does not exceed the outstanding amount in the Parent LC.
- System checks that LC amount reduction does not exceed the available balance in Transfer LC, including tolerance.
- Goods Details Section updated to reflect changes due to above enhancements.
Import LC Issuance (Conventional and Islamic)
- There should be a facility to allow a non-customer to be an applicant of LC using a customer's Limit.
Import LC Amendment (Conventional and Islamic)
- There should be a facility to allow a non-customer to be an applicant of LC using a customer's Limit
- Facility to Relink Limits/ Cash Collateral/ Link Deposit as part of Amendment of a Closed LC.
Import LC Internal Amendment (Conventional and Islamic)
- If the bank decides to reduce the commission payable by the customer for an LC Where Periodic Commission is collected and the LC is still not closed, there should be a provision to modify the commission percentage for commission to be collected in future.
- Provision to input BIC code details for Walkin customers under Common group message tab for all the applicable SWIFT messages.
Import LC Beneficiary Consent (Conventional and Islamic)
- Revolving In field and Transport Mode are to be introduced in LCDAMEND screen.
Import LC Lifecycle (Conventional and Islamic)
- Charge Party to be displayed in Back office and Middle office Enquiry.
Import LC Drawing (Conventional and Islamic)
- Place holder required to input additional collateral to be collected.
- Accountee should be counterparty in OBTFPM and Drawee in OBTF.
- Facility to add additional documents which are not mentioned in LC or Representation of Documents submitted as Discrepant Documents.
- Simultaneous discrepancy approval and Liquidation of Drawing for Sight Bill.
Import LC Drawing Update (Conventional and Islamic)
- Place holder required to input additional collateral to be collected.
- Accountee should be counterparty in OBTFPM and Drawee in OBTF.
- Facility to add additional documents which are not mentioned in LC or Representation of Documents submitted as Discrepant Documents.
- Simultaneous discrepancy approval and Liquidation of Drawing for Sight Bill.
- Initiate settlement instructions along with discrepancy approval for Import Sight and Usance bill with Discrepancy.
- Facility to enter Loan tenor in import settlement.
- Provision to input BIC code details for Walkin customers under Common group message tab for all the applicable SWIFT messages.
Import LC Drawing Liquidation (Conventional and Islamic)
- Place holder required to input additional collateral to be collected (View).
- Accountee should be counterparty in OBTFPM and Drawee in OBTF.
- Facility to enter Loan tenor in import settlement.
Import Collection Booking (Conventional and Islamic)
- Co-Acceptance of Collection Bills
Import Documentary Collection update (Conventional and Islamic)
- Co-Acceptance of Collection Bills.
- Provision to input BIC code details for Walkin customers under Common group message tab for all the applicable SWIFT messages.
- Facility to enter Loan tenor in import settlement.
Import Documentary Collection Liquidation
- Facility to enter Loan tenor in import settlement.
Export Documentary Collection Booking (Conventional and Islamic)
- Availization of Export Bills.
Export Documentary Collection Booking Update (Conventional and Islamic)
- Availization of Export Bills.
- Provision to input BIC code details for Walkin customers under Common group message tab for all the applicable SWIFT messages.
Guarantee Issuance (Conventional and Islamic)
- In Guarantee Issuance, Guarantee type is required only in Sequence C as per MT760, hence available only in Sequence C. However, in OBTF, Guarantee type is available as a common field for both Sequence B and Sequence and needs to be introduced (As part of a Gulf bank bug, Guarantee type field was removed from Sequence B).
Guarantee Issuance Processing using GEN AI
- Read the data from the Guarantee Application and identify if values for any standard fields are missing.
Guarantee/SBLC Issuance and Amendment
- Conditional Guarantee Issuance and Advising- Provision not to capture Expiry Date and not display expiry date in MT760 if not required.
- Handling of business scenarios / requirements pertaining to Joint venture.
Guarantee Issuance Internal amendment (Conventional and Islamic)
- Provision to input BIC code details for Walkin customers under Common group message tab for all the applicable SWIFT messages.
Claim Lodged Under Guarantee Issued (Conventional and Islamic)
- Handling of business scenarios / requirements pertaining to Joint venture.
- New UI field to capture the Claiming Party, Claiming Bank Details in Lodge Claim – Guarantee Issue process under Claim Details screen.
Guarantee Issuance Claim Update (Conventional and Islamic)
- As part of Guarantee Claim Update where Claim Lodged with Extend or Settle Option, on update of Claim to Extend, the related advices including MT767 and charges to be made available.
- Handling of business scenarios / requirements pertaining to Joint venture.
- New read-only UI field to show the Claiming Party, Claiming Bank Details which were captured under Lodge Claim – Guarantee Issue process.
Guarantee Issuance- Claim Settlement (Conventional and Islamic)
- Handling of business scenarios / requirements pertaining to Joint venture.
- New read-only UI field to show the Claiming Party, Claiming Bank Details which were captured under Lodge Claim – Guarantee Issue process.
Guarantee Advise Internal amendment (Conventional and Islamic)
- Provision to input BIC code details for Walkin customers under Common group message tab for all the applicable SWIFT messages.
Guarantee Advise Amendment Beneficiary Consent (Conventional and Islamic)
- Provision for sending beneficiary consent response via MT799 to Issuing Bank in amendment beneficiary consent process.
Claim Lodged Under Guarantee Advise (Conventional and Islamic)
- New UI field to capture the Claiming Party, Claiming Bank Details in Lodge Claim – Guarantee Issue/Advice process under Claim Details screen.
Guarantee Advice Claim Update (Conventional and Islamic)
- New read-only UI field to show the Claiming Party, Claiming Bank Details which were captured under Lodge Claim – Guarantee Advice process.
Guarantee Advice - Claim Settlement (Conventional and Islamic)
- New read-only UI field to show the Claiming Party, Claiming Bank Details which were captured under Lodge Claim – Guarantee Issue/Advice process.
Back Office Enquiry
- Back Office Enquiry- Facility to view incoming message.
All Processes with FX Linkage
- Including Available amount field in FX Linkages.
All Processes except Close Process
- Users hould be able to register requests where KYC status is not valid and subsequently raise this as an exception in DE Submit.

Parent topic: Enhancements