2 Features

The following BC features are:

• Complete Life Cycle Tracking and Processing
• Flexibility to Create and Tailor Products With Standard Features
• Ability to Modify Standard Features for Specific Bill Contract
• On Line Updates and Accounting Entries
• Credit Limit Maintenance and on Line Tracking
• Automated Handling of User Defined Interest & Charges
• Automated Generation of Configurable Advices in Mail, Telex or Swift Formats
• Linked to Letters of Credit Module for Automatic Reversal of related LC Outstanding
• User Defined Contract Status and Automatic Status Changes
• Generation of Follow up Tracers at User Defined Frequency
• User Defined Standard Clauses, Documents, Instructions and Free Format Text Inputs
• Capture of Document details for Incoming Bill after payment (hence generate Doc Arrival Notice)
• Facility to Block Deposits / A/c Balance
• View Changes during Amendment
• FX Linkage (Cover) for Bills
• Pre shipment Finance liquidation
• Acceptance commission
• Brokerage
• Partial Liquidation of Bills Principal
• Negative Interest is supported
• Charge Classes (Association, Application, Liquidation)
• User Defined Fields for capturing Miscellaneous Info
• Bifurcation of Bill Amount (Invoice, Profit, Freight …)
• Part Purchase of Bill
• Capturing details of various invoices for the Bill
• Forfeiting of Export Bills
• Collection Transfer to another bank
• Devolved status for Bills
• Liquidation of Bills through STP(MT910)
• Co acceptance Availization
• Event Reversal for Version creating Events.