1. Preface
1.1 Introduction
This manual is intended as a guide to the Letters of Credit (LC) module,
of Oracle FLEXCUBE. It is designed to help you maintain and process all
types of documentary and clean LCs. It also assists you in handling the
necessary activities in the life cycle of an LC once it is booked. This
includes the generation of messages and advices, the updation of account
balances and the collection of various commissions and charges.
1.2 Audience
This manual is intended for the Customer Service Representatives (CSRs)
and the staff responsible for the setting up of new products at your
bank.
1.3 Documentation Accessibility
For
information about Oracle's commitment to accessibility, visit the Oracle
Accessibility Program website at http://www.oracle.com/pls/topic/lookup?ctx=acc&id=docacc.
1.4 Organization
This manual is organized as follows:
Chapter
|
Description
|
Chapter 1
|
About this Manual gives
information on the intended audience. It also lists the various chapters
covered in this User Manual
|
Chapter 2
|
Letters of Credit - An Overview gives you
an overview of the LC module and helps familiarize you with its features.
|
Chapter 3
|
Maintenance details the
basic information to be maintained, before the LC module becomes fully
operational.
|
Chapter 4
|
Defining Product Attributes
describes the procedure to define LC products for specific services that
you offer your customers.
|
Chapter 5
|
ProcessingLC Contract described
in this chapter is the procedure to process all types of LCs (import,
export, invoice, clean, guarantees, shipping guarantees).
|
Chapter 6
|
Capturing Additional Details
explains how you can capture additional information for an LC contract.
|
Chapter 7
|
Making Availment explains how, upon receipt
of bills or on notification from the negotiating bank, an availment is
recorded under an LC.
|
Chapter 8
|
Amending Details of LC
discusses the circumstances under which the details of an LC contract
would need to be amended. It also details the procedure for amending
the LC.
|
Chapter 9
|
Transferring LC explains
how you can transfer an LC.
|
Chapter 10
|
Liquidation of Components
of LC deals with the liquidation of the receivable components of
an LC.
|
Chapter 11
|
Credit Limit Tracking forLC
is the procedure to track the exposure against the applicant or against
the issuing bank. It depends on whether you are issuing an import LC/advice
or confirming an export LC.
|
Chapter 12
|
Automatic Processes explains
the processes that will be carried out automatically, in the life
cycle of an LC.
|
Chapter 13
|
Reports gives a list of
all reports that can be generated for the LC module.
|
Chapter 14
|
Annexure A - Accounting
Entries for LCs contains a list of suggested accounting entries, event-wise.
|
Chapter 15
|
Annexure B – Events,
Advices and SDEs for LC gives an exhaustive list of events that can
take place and the messages that can be generated, during the life cycle
of an LC.
|
Chapter 16
|
Annexure C - SWIFT Category
7 Messages gives a list of SWIFT messages supported in the LC module.
|
Chapter 17
|
Annexure D - Letters of
Credit Glossary lists out important terms used in the LC User Manual.
|
Chapter 18
|
Function ID Glossary has
alphabetical listing of Function/Screen ID's used in the module with
page references for quick navigation.
|
1.5 Glossary of Icons
This User Manual may refer to all or some of the following icons:
Icons
|
Function
|
|
Exit
|
|
Add row
|
|
Delete row
|
|
Option List
|
1.6 Related Documents