2.7.5 Detailed Coverage (Description of the Product)
| Product Code | ISLP |
|---|---|
| Description | Incoming Clean Sight Bills under LC on Payment |
| BC Type | Bill under Transferred LC(T) |
| Tenor Code | Sight |
| Under LC | Yes |
| Document | Documentary |
| Operation | Payment |
| Product Preferences | |
| Auto Liquidate BC Contracts | Yes |
| 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 | BILLS |
| Accep Commission Pref | No |
| Advance By Loan | No |
| Loan Product | No |
| Link to Loan(Export Bills) | No |
Parent topic: Product Code - TFBL