2.2.5 Detailed Coverage (description of the product)
Product Code | IBLL |
---|---|
Description | Incoming Usance Bills Under LC Acceptance |
BC Type | Import |
Tenor Code | Usance |
Under LC | Yes |
Document | Documentary |
Operation | Acceptance |
Product Code | IBLM |
Description | Incoming Documentary Multi Tenor Bills under LC On Acceptance Interest In Advance |
BC Type | Import |
Tenor Code | Multi tenor |
Under LC | Yes |
Document | Documentary |
Operation | Acceptance |
Product Preferences | |
---|---|
Auto Liquidate BC Contracts | Yes |
Auto Status Change | Yes |
Auto Change from Acceptance to Advance | Yes |
Accrual Freq | Daily |
Interest Comp to be Collected in | Advance |
Allow Prepayment of Interest | Yes |
Default Rate Type | BILLS |
Accep Commission Pref | Advance |
Advance By Loan | No |
Loan Product | No |
Link to Loan(Export Bills) | No |
Parent topic: Product Code – IBLL/IBLM