2.1.5 Detailed Coverage (Description of the Product)
Product Code | ISNC |
---|---|
Description | Incoming Documentary Sight Bills not under LC on Collection |
BC Type | Import |
Tenor Code | Sight |
Under LC | No |
Document | Documentary |
Operation | Collection |
Product Preferences | |
Auto Liquidate BC Contracts | Yes |
Auto Status Change | Yes |
Auto Change from Acceptance to Advance | No |
Accrual Frequency | Daily |
Interest Comp to be Collected in | Advance |
Allow Prepayment of Interest | No |
Default Rate Type | STANDARD |
Acceptable Commission Preference | No |
Advance By Loan | No |
Loan Product | No |
Link to Loan(Export Bills) | No |
Parent topic: Product Code - ISNC