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