3.3.1.2 Specifying LC Fee Details

Oracle Banking Corporate Lending gives you the option to define LC type of drawdown products. To specify LC Fee details, click Preferences and then click Additional Preferences tab.

You have to specify the following to define such a product:

• LC Drawdown

  You have to select this option to create an LC type of drawdown product. All drawdowns processed using the product is referred to as an LC Drawdown.

  This attribute defaults to all drawdowns processed under the product. You cannot change this specification at the contract level.
• LC Type
  If you are defining a LC type of drawdown product, you have to specify the type of LC also. Select a type from the following available options:

  • Standby LC
  • Commercial LC

  Note:

  You can select the type of LC only if you have selected the LC Drawdown option. The type you select for the product will default to all drawdowns processed with the product. However, you may change the LC type at the drawdown level, if required.
• Product Restrictions

  When you create a product, you can provide product restrictions. That is, you can specify the branches of your bank that can offer this product, the currencies that are allowed or disallowed and the customers who can avail the product.

  You can set preferences as Allowed/Disallowed in this screen and the same is defaulted to Bilateral Loan and Commitment Restrictions screen.