2.7.5 Detailed Coverage (Description of the Product)
Product Code | DSPS |
---|---|
Description | Outgoing Documentary Usance Bills under LC on Discount |
BC Type | Export |
Tenor Code | Usance |
Under LC | YES |
Document | Documentary |
Operation | Discount |
Product Code | DSPM |
---|---|
Description | Outgoing Documentary Multi tenor Bills under LC on Discount |
BC Type | Export |
Tenor Code | Multi tenor |
Under LC | YES |
Document | Documentary |
Operation | Discount |
Product Preferences | |
---|---|
Auto Liquidate BC Contracts | No |
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 | BILLS |
Acceptance Commission Preference | No |
Advance By Loan | No |
Loan Product | No |
Link to Loan (Export Bills) | No |
Parent topic: Product Code - DSPS/DSPM