2.4.2 Business Scenario
Scenario 1 - Advance Request from the Importer.
Issuing bank received Documents from Negotiating bank, and scrutinizes the docs. If the docs are Credit Compliant, Mark Bills as Credit Compliant and informed to importer.
On Maturity if the importer requests for bill Advance, Issuing bank can provide advance to the customer.
During Advance Issuing bank debit the Bill Advanced GL and credit the nostro account.
MT756 has to be generated to the Negotiating bank.
During realization Issuing bank will debit the customer account for advanced amount and interest and credit the respective bill advanced and income GLs.
Parent topic: Product Code –IBLA