2.5.5 Detailed Coverage (Description of the Product)
| Product Code | IPCL |
|---|---|
| Description | Incoming Clean Sight Bills under LC on Payment |
| BC Type | Import |
| Tenor Code | Sight |
| Under LC | Yes |
| Document | Clean |
| Operation | Payment |
| Product Code | IPCL |
| Product Preferences | |
| Auto Liquidate BC Contracts | No |
| 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 | BILLS |
| Accep Commission Preference | No |
| Advance By Loan | Yes |
| Loan Product | IBCL |
| Link to Loan(Export Bills) | No |
| Product Code | IUCL/IUCM |
| Description | Incoming Clean Usance Bills under LC on Acceptance |
| BC Type | Import |
| Tenor Code | Usance |
| Under LC | Yes |
| Document | Clean |
| Operation | Acceptance |
| Product Code | IUCL |
| Product Preferences | |
| Auto Liquidate BC Contracts | No |
| 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 | BILLS |
| Accep Commission Pref | Advance |
| Advance By Loan | Yes |
| Loan Product | IBCL |
| Link to Loan(Export Bills) | No |
| Product Code | IUCM |
|---|---|
| Description | Incoming Clean Multi Tenor Bills under LC on Acceptance |
| BC Type | Import |
| Tenor Code | Multi tenor |
| Under LC | Yes |
| Document |
Clean |
| Operation | Acceptance |
| Product Code | IUCM |
| Product Preferences | |
| Auto Liquidate BC Contracts | No |
| 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 | BILLS |
| Accep Commission Pref | Advance |
| Advance By Loan | Yes |
| Loan Product | IBCL |
| Link to Loan(Export Bills) | No |
Parent topic: Product Code – IPCL/IUCL/IUCM