2.6.2 Business Scenario

Scenario 1 - Credit Compliant Doc Submission and Discount Request from the Importer

Issuing bank received MT 754 and Documents from Negotiating bank, and scrutinizes the docs. If the docs are Credit Compliant, Send MT740 during while booking the Bill to the Reimbursing Bank (If the Payment is routed through reimbursing Bank) & Mark Bills as Credit Compliant.

If the importer requests for Bill Discount, Issuing bank can provide Discount to the customer.

During Discount Issuing bank debit the Bill Discounted GL and credit the nostro account.

MT756 has to be generated to the Negotiating bank.

During realization Issuing bank will debit the customer account for Discounted amount and interest and credit the respective bill discounted and income GLs.