Business Scenario

2.2.2 Business Scenario

To issue a preliminary advice (“pre-advice”) of the issuance of a credit to the advising bank
To issue the Letter of Credit with the all the terms and conditions to advising bank along with additional documentary credit if the information in the documentary credit exceeds the maximum length
To authorizes the reimbursing bank to honor claims for reimbursement of payment(s) or negotiation(s) under a documentary credit
To mark the acknowledgement receipt of documentary credit.
To inform the advising bank about amendments to the terms and conditions of a documentary credit.
To inform the reimbursing bank about amendments to the terms and conditions of the credit relevant to the authorization to reimburse.
To make an availment either by Payment or Acceptance bill or through manual availment.
To generate tracer for Charge/Commission and Acknowledgment.

Parent topic: Islamic Import Non –Revolving Usance (ILIN) & Islamic Import Non Revolving Sight (IRLI)