2.2.5 Detailed Coverage (Description of the Product)
Product Code | EUUA |
---|---|
Description | Outgoing Documentary Usance Bills under LC on Acceptance |
BC Type | Export |
Tenor Code | Usance |
Under LC | YES |
Document | Documentary |
Operation | Acceptance |
Change of Operation | Acceptance to Discount |
Change of Operation | Discount To Collection |
Change of Operation | Acceptance To Forfaiting |
Change of Operation | Discount To Forfaiting |
Product Code | EUCA |
---|---|
Description | Outgoing Clean Usance Bills under LC on Acceptance |
BC Type | Export |
Tenor Code | Usance |
Under LC | YES |
Document | Clean |
Operation | Acceptance |
Change of Operation | Acceptance to Discount |
Change of Operation | Discount To Collection |
Change of Operation | Acceptance To Forfaiting |
Change of Operation | Discount To Forfaiting |
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) | Yes |
Parent topic: Product Code - EUUA & EUCA