6.1.2 Detailed Flow

  • Negotiated rate is considered in split settlement for BILL_LIQD_AMT split if both negotiated rate and card rate is populated.
  • Issuance of Conditional guarantees (LCDGUONL)
    • Expiry Type enhanced to support Conditional–With Expiry and Conditional–Without Expiry
    • Existing option Conditional renamed as Conditional – With Expiry with current functionality
    • New option Conditional–Without Expiry introduced
    • Conditional-Without Expiry processing :
      • Tenor will be defaulted as 3 years for guarantees and 3 years 30 month for counter guarantees with 3 years for local undertaking.
      • Expiry date will be defaulted based on tenor and the same can be modified.
      • Expiry Condition should be provided
      • Auto closure will not be applicable
      • Auto Renewal not applicable for Conditional Guarantees

        Table 6-1 Conditional-Without Expiry - Issuance (LCDGUONL)

        Tenor default Applicable Rule Expiry Date MT760.72Z Auto Renewal
        3 years or 3 years 30 days URDG/OTHR Default expiry date can be modified. Override not required. Expiry Date is < > Above details to be provided in 72Z irrespective of URDG/OTHR and Expiry date modified or not modified NA
    • Expiry Type in Local Undertaking enhanced on similar lines
    • Messaging impact in MT760 :
      • Tag 23B (Expiry Type) will be COND
      • Tag 31E (Date of Expiry) will not be generated
  • Amendment of Conditional guarantees (LCDGUAMD)
    • Conditional – Without Expiry Extension flag introduced in Guarantee amendment.
    • Flag can be selected only for Conditional-Without Expiry guarantees 13
    • Amendment initiated to extend the guarantee based on the existing tenor from the amendment date
  • Above functionality extended for Islamic guarantees (LCDGUAMD/LIDGUAMD)
  • Above functionality extended for simulation and handoff
    • Existing XSD tag value for Conditional – With Expiry : COND
    • XSD tag value for Conditional – Without Expiry : CONU