2.2.5 Detailed Coverage (Description of the Product)
Product Code | IUNA |
---|---|
Description | Incoming Documentary Usance Bills not under LC on Acceptance |
BC Type | Import |
Tenor Code | Usance |
Under LC | No |
Document | Documentary |
Operation | Acceptance |
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 | STANDARD |
Acceptance Commission Preference | No |
Advance By Loan | No |
Loan Product | No |
Link to Loan(Export Bills) | No |
Parent topic: Product Code – IUNA