2.8.2 Business Scenario
Scenario 1 - Credit Compliant Doc Submission
Negotiating bank received Documents from Beneficiary, and scrutinizes the docs. If the docs are Credit Compliant, Send MT742 during while booking the Bill (Sight) to the Reimbursing Bank (If the Payment is routed through reimbursing Bank) & Mark Bills as Credit Compliant and send MT754 and Docs to the Negotiating Bank.
On receipt of MT756 from Reimbursing bank/Issuing Bank Debit the Nostro for the Bill Amount & credit Loan Account remaining proceeds if any will be credited to the customer account.
Parent topic: Product Code - ECPS\ECPM