2.5.5 Detailed Coverage (description of the product)

Product Code IBCL
Description Incoming Sight Bills Under LC Payment
BC Type Import
Tenor Code Sight
Under LC Yes
Document Clean
Operation Payment
Product Code IBCL
Product Preferences
Auto Liquidate BC Contracts No
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
Accep Commission Preference No
Advance By Loan Yes
Loan Product IBCL
Link to Loan(Export Bills) No
Product Code IUIB/IUBM
Description Incoming Usance Bills Under LC Acceptance
BC Type Import
Tenor Code Usance
Under LC Yes
Document Clean
Operation Acceptance
Product Code IUIB
Product Preferences
Auto Liquidate BC Contracts No
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
Accep Commission Pref Advance
Advance By Loan Yes
Loan Product IBCL
Link to Loan(Export Bills) No
Product Code IUBM
Description Incoming Clean Multi Tenor Bills Under LC On Acceptance
BC Type Import
Tenor Code Multi tenor
Under LC Yes
Document

Clean

Operation Acceptance
Product Code IUBM
Product Preferences
Auto Liquidate BC Contracts No
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
Accep Commission Pref Advance
Advance By Loan Yes
Loan Product IBCL
Link to Loan(Export Bills) No