2.2.1 Introduction
These Products are used to book the Outgoing Documentary Usance Bills under LC on Acceptance, for both Credit Compliant & Discrepant Document Submitted by the Exporter. These Product can be used for even Remitting Proceeds from the Reimbursing Bank through Reimbursement Claim as well for Acceptance to Discount, Discount to Forfeiting, Acceptance to Forfeiting also. When a LC is transferred with Allow substitution the bill under transferred type of LC can be linked to the Export BC contracts under this products.
Parent topic: Product Code - EUUA & EUCA