2.1.5 Detailed Coverage (Description of the Product)
Product Code | ESNC |
---|---|
Description | Outgoing Documentary Sight Bills Under LC on Collection |
Slogan | Outgoing Documentary Sight Bills under LC on Collection |
Product Group | BCOUT |
Remarks | APACK |
Type | Export |
Tenor Code | Sight |
Under_LC | YES |
Document | Documentary |
Operation | Collection |
Product Preferences | |
Auto Liquidate BC Contracts | Yes |
Auto Status Change | Yes |
Auto Change from Acceptance to Advance | No |
Accrual Freq | Daily |
Interest Comp to be Collected in | Advance |
Allow Prepayment of Interest | No |
Default Rate Type | STANDARD |
Acceptance Commission Preference | No |
Advance By Loan | No |
Loan Product | No |
Link to Loan(Export Bills) | No |
Parent topic: Product Code - ESUC