2.2.3 Synopsis (ex. high level features etc)
- Support for Immediate reimbursement (With/Without)
- Confirmation (With/Without/May add)
- Financial Amendment confirmation
- Tracking of limit –Applicant (Fixed)
- Clauses and Free format text required for the product can be attached.
- Closure- Auto\Manual
- Cancellation & Re Open of LC
- Back Value dating allowed
- Contingent Accounting for contracts
- Cash Collateral (Percentage/Amount) can be increased/ Decreased during Availment /Amendment
- Linkages: Term Deposit, Commitment
- Signature Verification
- Provision to capture Draft details and open insurance policy
- Specifying Goods, Shipping and Document Details for an LC
- Specifying Details of the Parties Involved in an LC
- STP support.
- Pre advice of LCs
- Movement of Cash collateral from LC to Bills