PMT710

4. Processing Incoming MT 710 at the Advise - Through Bank

An advise- through bank is involved in an Export LC Advising process, when the advising bank passes on the LC through another bank for advising the LC to the beneficiary.

The OBTFPM user can process the incoming MT 710 for further advising to the beneficiary. The advise through bank will process the incoming MT 710 in OBTFPM and advise the LC to the beneficiary.

The incoming MT 710 is processed as an STP transaction and the system creates a task in Scrutiny stage of LC Advising process. The MT 710 can also be manually processed if required.

4.1 Registration Stage

4.1.0.1 Application Details

All fields displayed under Application details section, would be same as Export LC Advise - 3.2 Registration - Application Details. Refer to 3.2.1 Application Details for more information of the fields.

4.1.0.2 LC Details

The fields listed under this section are same as the fields listed under the Export LC Advise 3.2.2 LC Details section in 3.2 Registration. Refer to 4.1.0.2 LC Details for more information of the fields.

Following fields are the additional new fields or label changed apart from the fields carried over from 3.2.2 LC Details of 3.2 Registration.

Provide the details for the additional fields based on the description in the following table:

Field	Description	Sample Values
Form of Documentary Credit (with same values as 40A –in MT 700)	This field gets auto populated from incoming MT 710.
Documentary Credit Number (Same as 20- Documentary Credit Number in MT 700).	This field represents the issuing bank reference and gets auto populated from incoming MT 710.
Sender’s Reference	This field represents the issuing bank reference and field gets auto populated from incoming MT 710.

4.2 Scrutiny

All the fields in the incoming MT 710 will be auto populated in Scrutiny Stage, if the MT 710 is received and processed as an STP transaction.

4.2.1 Main Details

Fields listed under the MT710 Scrutiny stage is same as Export LC Advise 3.3 Scrutiny stage 3.3.1 Main Details section. Refer to 3.3.1 Main Details for more information of the fields.

Following fields are the additional new fields or label changed apart from the fields carried over from 3.3.1 Main Details of 3.3 Scrutiny.

Field	Description	Sample Values
Beneficiary	The system will check the Beneficiary name available in the incoming MT 710 with the bank customers data and populate the CIF and the details of the customer if the Beneficiary is a customer of the bank. If the beneficiary is not a customer of the bank, the system should populate the Walk-in CIF and the user should be able to update the name and address of the beneficiary.

4.2.1.1 Action Buttons

Use action buttons based on the description in the following table:

Field	Description	Sample Values
Request Clarification	On click the Request Clarification button the user can request for an Online clarification from customer. Clicking the button opens a detailed screen to capture the clarification details.
Submit	Task will get moved to next logical stage of Export LC Advice. If mandatory fields have not been captured, system will display an error message until the mandatory fields data are provided.
Save & Close	Save the informations provided and holds the task in you queue for working later. This option will not submit the request
Cancel	Cancel Scrutiny stage inputs and return to dashboard.
Hold	The details provided will be registered and status will be on hold. This option is used, if there are any pending information yet to be received from applicant and appropriate remarks must be provided.
Reject	On click of Reject, user must select a reject reason from a list displayed by the system. Reject Codes: l R1- Documents missing l R2- Signature Missing l R3- Input Error l R4- Insufficient Balance/Limits l R5 - Others. Select a reject code and give a reject description. This reject reason will be available in the remarks window throughout the process.
Next	Click Next to move to next logical step in Scrutiny stage.
Clarification Details	Clicking the button opens a detailed screen, user can see the clarification details in the window and the status will be Clarification Requested.

4.2.2 Availability Shipment

The fields are populated with the value available in MT 710, in case of STP of MT 710.

For field descriptions, refer 3.3.2 Availability Shipment section of Export LC Advise 3.3 Scrutiny stage.

4.2.2.1 Action Buttons

Use action buttons based on the description in the following table:

Field	Description	Sample Values
Request Clarification	On click the Request Clarification button the user can request for an Online clarification from customer. Clicking the button opens a detailed screen to capture the clarification details.
Submit	Task will get moved to next logical stage of Export LC Advice. If mandatory fields have not been captured, system will display an error message until the mandatory fields data are provided.
Save & Close	Save the informations provided and holds the task in you queue for working later. This option will not submit the request
Cancel	Cancel Scrutiny stage inputs and return to dashboard.
Hold	The details provided will be registered and status will be on hold. This option is used, if there are any pending information yet to be received from applicant and appropriate remarks must be provided.
Reject	On click of Reject, user must select a reject reason from a list displayed by the system. Reject Codes: l R1- Documents missing l R2- Signature Missing l R3- Input Error l R4- Insufficient Balance/Limits l R5 - Others. Select a reject code and give a reject description. This reject reason will be available in the remarks window throughout the process.
Next	Click Next to move to next logical step in Scrutiny stage.
Clarification Details	Clicking the button opens a detailed screen, user can see the clarification details in the window and the status will be Clarification Requested.

4.2.3 Payment Details

In case LC is processed through STP, system should populate the fields with the value available in MT 710.

Fields listed under the MT710 Scrutiny stage Payment Details section is same as Export LC Advise 3.3 Scrutiny stage 3.3.3 Payment Details section. Refer to 3.3.3 Payment Details for more information of the fields.

Following fields are the additional new fields or label changed apart from the fields carried over from 3.3.3 Payment Details of 3.3 Scrutiny.

Field	Description	Sample Values
To be confirmed by Advising Bank	Toggle On: Set the toggle on to confirm by advising bank. Toggle Off: Set the toggle off for not to be confirmed by advising bank.

Field

Description

Sample Values

To be confirmed by Advising Bank

Toggle On: Set the toggle on to confirm by advising bank.

Toggle Off: Set the toggle off for not to be confirmed by advising bank.

MT730 - Acknowledgment Sent

Fields listed under this section is same as MT730 - Acknowledgement Sent section in Export LC Advise 3.3.3 Payment Details section. Only the section label is changed. Refer to MT730 - Acknowledgement Sent for more information of the fields.

Confirmation to be done by ATB only if To be confirmed by ATB is enabled.

4.2.3.1 Action Buttons

Use action buttons based on the description in the following table:

Field	Description	Sample Values
Request Clarification	On click the Request Clarification button the user can request for an Online clarification from customer. Clicking the button opens a detailed screen to capture the clarification details.
Submit	Task will get moved to next logical stage of Export LC Advice. If mandatory fields have not been captured, system will display an error message until the mandatory fields data are provided.
Save & Close	Save the informations provided and holds the task in you queue for working later. This option will not submit the request
Cancel	Cancel Scrutiny stage inputs and return to dashboard.
Hold	The details provided will be registered and status will be on hold. This option is used, if there are any pending information yet to be received from applicant and appropriate remarks must be provided.
Reject	On click of Reject, user must select a reject reason from a list displayed by the system. Reject Codes: l R1- Documents missing l R2- Signature Missing l R3- Input Error l R4- Insufficient Balance/Limits l R5 - Others. Select a reject code and give a reject description. This reject reason will be available in the remarks window throughout the process.
Next	Click Next to move to next logical step in Scrutiny stage.
Clarification Details	Clicking the button opens a detailed screen, user can see the clarification details in the window and the status will be Clarification Requested.

Additional fields – Same as in Export LC

4.2.4 Additional Fields

Fields listed under the MT710 Additional Fields Scrutiny stage is same as Export LC Advise 3.3 Scrutiny stage 3.3.4 Additional Fields section. Refer to 3.3.4 Additional Fields for more information of the fields.

4.2.4.1 Action Buttons

Use action buttons based on the description in the following table:

Field	Description	Sample Values
Request Clarification	On click the Request Clarification button the user can request for an Online clarification from customer. Clicking the button opens a detailed screen to capture the clarification details.
Submit	Task will get moved to next logical stage of Export LC Advice. If mandatory fields have not been captured, system will display an error message until the mandatory fields data are provided.
Save & Close	Save the informations provided and holds the task in you queue for working later. This option will not submit the request
Cancel	Cancel Scrutiny stage inputs and return to dashboard.
Hold	The details provided will be registered and status will be on hold. This option is used, if there are any pending information yet to be received from applicant and appropriate remarks must be provided.
Reject	On click of Reject, user must select a reject reason from a list displayed by the system. Reject Codes: l R1- Documents missing l R2- Signature Missing l R3- Input Error l R4- Insufficient Balance/Limits l R5 - Others. Select a reject code and give a reject description. This reject reason will be available in the remarks window throughout the process.
Next	Click Next to move to next logical step in Scrutiny stage.
Clarification Details	Clicking the button opens a detailed screen, user can see the clarification details in the window and the status will be Clarification Requested.

Additional fields – Same as in Export LC

4.2.5 Additional Details

4.2.5.1 Charges

Fields listed under the MT710 Additional Details - Charges is same as Export LC Advise 3.3 Scrutiny stage 3.2.1 Application Details section. Refer to 3.3.5 Additional Details for more information of the fields.

4.2.5.2 Limits and Collateral

This section is available if Advise Through Bank is confirming the LC.

4.2.6 Summary

Fields listed under the MT710 Summary is same as Export LC Advise 3.3 Scrutiny stage 3.3.6 Summary section. Refer to 3.3.6 Summary for more information of the fields.

4.3 Data Enrichment Stage

All fields with values are populated from scrutiny stage. In addition, if the transaction is created through STP, the Documents and Conditions fields are also auto populated.

4.3.1 Availability and Shipment

Fields are same as Scrutiny stage.

4.3.2 Payment Details Confirmation

Fields are same as Scrutiny stage.

4.3.3 Additional fields

Fields listed under the Additional fields are same as Export LC Advise 3.3 Scrutiny stage 3.3.4 Additional Fields section. Refer to 3.4.5 Additional Fields for more information of the fields.

4.3.3.1 Advices

Advises are to be simulated from back office and displayed to the user. User should be able to suppress the advices. If FFT are available for the advices, the FFT should be populated automatically under th advice. If the advice is suppressed, the system should prompt the user to remove any attached FFT from the respective screens.

4.3.3.2 Charges

Fields listed under the Additional fields- Charges are same as Export LC Advise 3.3 Scrutiny stage.

4.3.3.3 Limits and Collateral

This section is available if Advise Through Bank is confirming the LC as in Scrutiny stage.

4.3.3.4 Preview Message

All the messages (SWIFT and mail advice) to be available for preview. If any of the advices are suppressed the corresponding Preview message should not be displayed.

4.3.4 Summary

The tiles displayed in this section is same as 3.4 Data Enrichment stage of Export LC Advise. In addition to DE stage of Export LC Advising, system should also display Advices and Accounting entries tile and the user should be able to see the accounting entries simulated from back office. After simulation, if the values are changed, the accounting entries should also be re-simulated.

Tiles Displayed in Summary

In addition to Data Enrichment stage of Export LC Advising, system should also display the below tiles.

l Advices - User can view the advice details.

l Accounting Entries - User can view the accounting entries generated in back office.

4.4 Approval

4.4.1 Approval Re-key

This Approval Re-key is applicable only in case of manual processing of MT 710.

4.4.2 Approval Summary

The tiles displayed in this section is same as 4.4.2 Approval Summary of Export LC Advise. In addition to Approval Summary stage of Export LC Advising, system should also display Advices and Accounting entries tiles.

Tiles Displayed in Summary

In addition to Data Enrichment stage of Export LC Advising, system should also display the below tiles.

l Advices - User can view the advice details.

l Accounting Details - User can view the accounting entries generated in back office.

Note

When the Value Date is different from the Transaction Date for one or more accounting entries, system displays an Alert Message “Value Date is different from Transaction Date for one or more Accounting entries.