1. IB Import Under LC
  2. Product Code – IBCL/IUIB/IUBM
  3. Introduction

2.5.1 Introduction

IBCL - This Product is used to book the Incoming Sight Bills under LC Payment (Advance by Loan) for both Credit Compliant Document Submitted by the Negotiating bank.

IUIB - This Product is used to book the Incoming Usance Bills under LC Acceptance (Advance by Loan) for both Credit Compliant Document Submitted by the Negotiating bank.

IUBM - This Product is used to book the Incoming Multi Tenor Bills under LC Acceptance for both Credit Compliant Document Submitted by the Negotiating bank.

Purpose: To Settle the Bill Amount.

Parent topic: Product Code – IBCL/IUIB/IUBM