2.7.2 Business Scenario
Scenario 1 - Credit Compliant Doc Submission
First Beneficiary bank received Documents from the second beneficiary or Second beneficiary’s bank, and scrutinizes the docs. If the docs are Credit Compliant, book a bill with bill under transfer type of LC product and Mark Bills as Credit Compliant.
After the First beneficiary substitutes the documents an export bc contract is created linking the Transfer type of bill.
On Negotiation/Discount/Liquidation of the Export bc contract the linked transfer type of bill is also liquidated and credit the proceeds to the second beneficiary/ second beneficiary’s Nostro for the Bill Amount.
Parent topic: Product Code - TFBL