6.3.2 Detailed Flow
- Expiry Type for Guarantees Not Advised by Bank enhanced to support Conditional – With Expiry and Conditional – Without Expiry options
- Existing option Conditional is renamed as Conditional – With Expiry with current functionality
- New option Conditional – Without Expiry is introduced and processing will be similar to Open Ended guarantees.
- Transaction details namely Issue date, Effective date, Expiry Date, Claim date, Claim Expiry Date and Closure date to be provided manually.
- Expiry Condition to be provided for Conditional – Without Expiry
- Auto Renewal and Extension Required is not supported for Guarantees Not Advised
- Islamic guarantee claim (LIDGCLM) enhanced to support above functionality
- Simulation and handoff enhanced to support above functionality
- COND is existing tag value for Conditional – With Expiry
- CONU will be new tag value for Conditional – Without Expiry