3.3 Initiate Islamic Letter of Credit - By Drafts

This topic provides the systematic instructions to initiate an Import Islamic Letter of Credit (LC) in the application by using saved LC draft.

User can save LC application as a Draft so that it can be used if required in future. User can search the saved LC draft using Draft Name.

The summary of all the Initiated LC draft of a corporate are listed with basic information of each LC in a card form. User can choose to check the complete details of a specific draft template by clicking on a card. User can click the tabular icon to view the draft in tabular form.

Note:

LC Application saved as Draft can be used only once for LC Application initiation.

To search the Islamic LC draft:

1. On the Initiate Islamic Letter of Credit screen, click the By Drafts tab.
   The Initiate Islamic Letter of Credit - By Drafts screen appears.

   Figure 3-6 Initiate Islamic Letter of Credit - By Drafts
   
   Description of the illustration initiate-islamic-letter-credit-draft.png
   

2. Specify the name of the specific Islamic Letter of Credit Draft Name in the Search field whose details you want to view. The specific Islamic Letter of Credit - By Drafts screen based on search criteria appears.

   For more information refer to the field description table below:

   Table 3-5 Initiate Islamic Letter of Credit - Field Description

   Field Name	Description
   Search	Specify the name of the LC draft template to search and view its details. Partial search is allowed.
   Search Results - Summarized View card form	This section displays the search results in Summarized View in card form.
   Initiate Letter of Credit Draft Card	The Initiate Islamic Letter of Credit draft card displays the name of the Initiated Islamic Letter of Credit draft name along with the other details like date of update, name of the beneficiary, type of LC, LC amount and draft at.
   Initiate Letter of Credit Draft Card Details	Following details are present on each Islamic Letter of Credit Template card.
   Draft Name	Displays the name using which draft template is stored and can be used to initiate a LC application.
   Beneficiary Name	Displays the beneficiary’s name against whom LC is to be created.
   Type	Displays the corresponding LC product type and as supported by Host.
   LC Amount	Displays the amount of LC.
   Draft At	Displays the LC draft type i.e. 'Sight' or 'Usance'.

3. Specify the draft name of the specific Islamic Letter of Credit Template in the Search field whose details you want to view.
   The saved LC draft appears based on search criteria.
4. Select and click the Islamic Letter of Credit draft card whose details you want to view.
5. Click or to view the Draft LC template as Summarized or Tabular view.
6. Click to delete the Draft LC template card.
   Initiate Islamic Letter of Credit - By Drafts - Tabular View

   The Initiating LC Draft - Tabular View allows the corporate user to view the LC Draft in table format.

   To view the Initiate Letter of Credit - By Drafts in tabular form:

7. In the Initiate Islamic Letter of Credit - By Drafts Summary page, click to view the initiate LC Draft template as Tabular view. The Initiate Islamic Letter of Credit - By Drafts tabular view page appears.

   Figure 3-7 Initiate Islamic Letter of Credit - By Drafts - tabular view
   
   Description of the illustration initiate-islamic-letter-credit-draft-tabular-view.png
   

   For more information refer to the field description table below:

   Table 3-6 Field Description

   Field Name	Description
   Search	Specify the name of the Islamic LC draft template to search and view its details. Partial search is allowed.
   Search Results	This section displays the search results in Summarized View in table form.
   Name	Displays the name using which draft template is stored.
   Beneficiary Name	Displays the beneficiary’s name against whom Islamic LC is to be created.
   Updated Date	Displays the latest updated date of the draft template.
   LC Amount	Displays the amount of Islamic LC.
   Draft At	Displays the Islamic LC draft type i.e. 'Sight' or 'Usance'.
   Type	Displays the corresponding Islamic LC product type and as supported by Host.
   Actions	Click to delete the Draft LC template.

8. Click the Name link to view and initiate the letter of Credit using a draft.
   The Initiate Islamic Letter of Credit - LC Details screen appears.