2.4.5 Detailed Coverage (Description of the Product)
Product Code | ISLA |
---|---|
Description | Incoming Clean Sight Bills under LC on Advance |
BC Type | Import |
Tenor Code | Sight |
Under LC | Yes |
Document | Clean |
Operation | Advance |
Product Preferences | |
Auto Liquidate BC Contracts | Yes |
Auto Status Change | Yes |
Auto Change from Acceptance to Advance |
No |
Accrual Freq | Daily |
Interest Comp to be Collected in | Advance |
Allow Prepayment of Interest | No |
Default Rate Type | STANDARD |
Accep Commission Pref | No |
Advance By Loan | No |
Loan Product | No |
Link to Loan(Export Bills) | No |
Parent topic: Product Code – ISLA