Basic details of a Letter of Credit including the document details are captured through the Letter of Credit Registration Input screen and an acknowledgement number is generated. The transaction can be queried using the acknowledgement number and additonal details of transaction can be captured for processing the request. You can register for issue of LC, Shipping Guarantee, Bank Guarantee and LC Amendment. No accounting entries are passed nor will any charges be levied during the registration of an LC. At the time of processing an LC that has already been registered, you only need to specify the acknowledgement reference number and all the details entered at the time of registration will automatically be picked up and defaulted to the contract main screen.
This chapter contains the following section:
This section contains the following topics:
You can invoke the ‘Letter of Credit Registration Input’ screen by typing ‘LCDREGIN’ in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button. The ‘Letter of Credit Registration Input’ screen is displayed. Click the new button on the Application toolbar.
If you are calling an LC that has already been registered, double click on the reference number from the summary screen.
You can view the following:
Acknowledgement Reference Number
The system displays the unique acknowledgement reference number generated for the registeration on save.
Status
The system displays the status of the registeration. The options are:
Registeration Type
Specify the type of registeration from the drop-down list. The options are:
Contract Reference
The sytem displays the contract reference number.
Currency
Specify the currency of the instrument (LC/SG/BG). Alternatively, you can select the currency from the option list. The list displays all authorized and open currency codes from the currency maintenance.
Customer ID
Specify the customer id of the customer from whom the proceeds need to be collected.
Contract Amount
Specify the amount of the instrument(LC/SG/BG)
Customer Name
The system displays the name of the customer linked to the customer ID.
Positive Tolerance
Specify the positive tolerance for the instrument value.
Party Type
Specify the party type.
Negative Tolerance
Specify the negative tolerance for the instrument value.
Dated
Specify the date of customer request.
Max Amount
Maximum contract amount will be defaulted. This is the sum of contract amount and (%(tolerant) of contract amount)
Customer Reference
Specify the customer reference number.
Document Details
Specify the details of the documents received with request.
Remarks
Specify any remarks to be mentioned.
You can capture the parties details in the ‘Parties’ tab of the ‘Letters of Credit Registration Input’ screen.
Specify the following details:
Party Type
Specify the party type. Alternatively, you can select the party type from the option list. The list displays all the valid party types maintained in the system.
Party ID
Specify the party ID. Alternatively, you can select the party type from the option list. The list displays all the valid parties maintained in the system. On selecting the party ID, the following details are displayed:
Click the Advice button to open the Messge screen. Alternatively, you can invoke the ‘Message’ sc reen by typing ‘CSDMSGVW’ in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button.
The following details are displayed in this screen:
Click ‘Message Detaill’ to view the message in detail.
Click Print buttton to print the acknowledgement advice
You can invoke the ‘Letters of Credit Registeration Summary’ sc reen by typing ‘LCSREGIN’ in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button.
You can filter the search results using the following criteria:
Click ‘Search’ button to display the records matching the specified search criteria. For each record fetched by the system based on your query criteria, the following details are displayed:
You can register an LC contract amendment request using the ‘LC Amendent Registeration Input’ screen. You can invoke this screen by typing ‘LCDAMREG’ in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button
Click ‘New’ button on the application.
Contract Ref No.
Specify the contract reference number of the contract being registered for amendment. Alternatively, you can select the contract reference number from the option list. The list displays all the valid value in the system.
Click populate button to default and display the following values:
You can only edit the Request Details section: