1. Preface

1.1 Introduction

This manual is intended as a guide to the Islamic Letters of Credit (Islamic LC) module, of Oracle FLEXCUBE. It is designed to help you maintain and process all types of documentary and clean Islamic LCs. It also assists you in handling the necessary activities in the life cycle of an Islamic 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.

You can obtain information specific to a particular field by placing the cursor on the relevant field, and striking <F1> on the keyboard.

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

Islamic Letters of Credit - An Overview gives you an overview of the Islamic LC module and helps familiarize you with its features.

Chapter 3

Maintenance for Islamic Letters of Credit details the basic information to be maintained, before the Islamic LC module becomes fully operational.

Chapter 4

Defining Attributes Specific to an Islamic LC product describes the procedure to define Islamic LC products for specific services that you offer your customers.

Chapter 5

Processing an Islamic LC Contract is the procedure to process all types of Islamic LCs (import, export, invoice, clean, guarantees, shipping guarantees). Also explained is the method of associating an Islamic LC product with an Islamic LC contract. The advantage of defining products is highlighted in this chapter.

Chapter 6

Capturing Additional Details explains a number of functions vital to the processing of an Islamic LC Contract.

Chapter 7

Making an availment explains how upon receipt of bills or notification from the negotiating bank, an availment is recorded under an Islamic LC.

Chapter 8

Amending Details of an Islamic LC discusses the circumstances under which the details of an Islamic LC contract would need to be amended. It also details the procedure for amending the Islamic LC.

Chapter 9

Transferring an Islamic LC explains how you can transfer an Islamic LC.

Chapter 10

Liquidation of the Receivable Components of an Islamic LC deals with the liquidation of the receivable components of an Islamic LC.

Chapter 11

Credit limit tracking for an Islamic LC is the procedure to track the exposure against the applicant or against the issuing bank. It depends on whether you are issuing an import Islamic LC/advice or confirming an export Islamic LC.

Chapter 12

Automatic Processes are the processes that will be carried out automatically, in the life cycle of an Islamic LC.

Chapter 13

Reports gives a list of all reports that can be generated for this module.

Chapter 14

Annexure A- Accounting Entries contains event-wise list of suggested accounting entries.

Chapter 15

Annexure B- Events and advices lists all the events that can take place and the messages that can be generated, during the life cycle of an Islamic LC.

Chapter 16

Function ID Glossary has alphabetical listing of Function/Screen ID's used in the module with page references for quick navigation.

1.5 Related Documents

1.6 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