1. BC Import Not Under LC
  2. Product Catalogue
  3. Product Code – ICLC/IUNL/IUNM/ICNM
  4. Introduction

2.4.1 Introduction

ICLC - This Product is used to book the Incoming Sight Bills Not under LC Collection (Advance by Loan) for both for Credit Compliant & Discrepant Document Submitted by the Remitting bank.

IUNL - This Product is used to book the Incoming Usance Bills not under LC Acceptance (Advance by Loan) for Credit Compliant & Discrepant Document Submitted by the Remitting bank.

IUNM - This Product is used to book the Incoming Multi Tenor Bills not under LC Acceptance (Advance by Loan) for Credit Compliant & Discrepant Document Submitted by the Remitting bank.

ICNM - This Product is used to book the Incoming Multi Tenor Bills not under LC Collection (Advance by Loan) for Credit Compliant & Discrepant Document Submitted by the Remitting bank.

Purpose: To Settle the Bill Amount.

Parent topic: Product Code – ICLC/IUNL/IUNM/ICNM