2.9.2 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 Issuing Bank. Send MT742 before ‘n’ Maturity days to the Reimbursing Bank (If the Payment is routed through reimbursing Bank) On receipt of MT756 from Reimbursing bank/Issuing Bank Debit the Nostro for the Bill Amount & credit Loan Account remaining proceeds if any will be credited to the customer account.