2.9.5 Detailed Coverage (description of the product)
| Product Code | EIPS |
|---|---|
| Description | Outgoing Documentary Usance Bills Under LC On Acceptance |
| BC Type | Export |
| Tenor Code | Usance |
| Under LC | YES |
| Document | Documentary |
| Operation | Acceptance |
| Change of Operation | Acceptance to Discount |
| Product Code | EIPM |
|---|---|
| Description | Outgoing Documentary Multi Tenor Bills Under LC On Acceptance |
| BC Type | Export |
| Tenor Code | Multi Tenor |
| Under LC | YES |
| Document | Documentary |
| Operation | Acceptance |
| Change of Operation | Acceptance to Discount |
| Product Preferences | |
|---|---|
| Auto Liquidate BC Contracts | Yes |
| 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 |
| Acceptance Commission Preference | No |
| Advance By Loan | No |
| Loan Product | No |
| Link to Loan(Export Bills) | No |
Parent topic: Product Code EIPS /EIPM