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 |
Parent topic: Product Code – IBCL/IUIB/IUBM