2.4.5 Detailed Coverage (Description of the Product)
Product Code | ICLC |
---|---|
Description | Incoming Clean Sight Bills not under LC on Collection (Advance by Loan). |
BC Type | Import |
Tenor Code | Sight |
Under LC | No |
Document | Clean |
Operation | Collection |
Product Code | ICNM |
---|---|
Description | Incoming Documentary Multi Tenor Bills not under LC on Collection |
BC Type | Import |
Tenor Code | Multi tenor |
Under LC | No |
Document | Documentary |
Operation | Collection |
Product Code | ICLC/ICNM |
---|---|
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 |
Accep Commission Preference | No |
Advance By Loan | Yes |
Loan Product | IBCL |
Link to Loan(Export Bills) | No |
Product Code | IUNL |
---|---|
Description | Incoming Clean Usance Bills not under LC on Acceptance |
BC Type | Import |
Tenor Code | Usance |
Under LC | No |
Document | Clean |
Operation | Acceptance |
Product Code | IUNM |
---|---|
Description |
Incoming Clean Multi Tenor Bills not Under LC on Acceptance |
BC Type | Import |
Tenor Code | Multi tenor |
Under LC | No |
Document | Clean |
Operation | Acceptance |
Product Code | IUNL/IUNM |
---|---|
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 |
Accep Commission Preference | No |
Advance By Loan | Yes |
Loan Product | IBCL |
Link to Loan(Export Bills) | No |
Parent topic: Product Code – ICLC/IUNL/IUNM/ICNM