2.5.2 Business Scenario

Scenario 1 - Credit Compliant Doc Submission

Negotiating bank received Documents from Beneficiary, and scrutinizes the docs. If the docs are Credit Compliant, Mark Bills as Credit Compliant and send MT754 and Docs to the Negotiating Bank. On Maturity upon receipt of MT756 from reimbursing bank/Issuing Bank Debit the Nostro for the Bill Amount & credit the Customer.

Scenario 2 – Purchase Request from the exporter.

Negotiating bank received Documents from Beneficiary, and scrutinizes the docs. If the docs are Credit Compliant, Mark Bills as Credit Compliant and send MT754 and Docs to the Negotiating Bank.

On receipt of acceptance advice from issuing bank (MT 799). Negotiating Bank purchase the export bill. On maturity upon receipt of MT756 from reimbursing bank/Issuing Bank Debit the Nostro for the Bill Amount & credit the Bill Purchased GL.