2.1.5 Detailed Coverage (Description of the Product)

Product Code EIBC
Description Outgoing Documentary Sight Bills Not Under LC On Collection
BC Type Export
Tenor Code Sight
Under LC NO
Document Documentary
Operation Collection
Product Code EIBS
Description Outgoing Documentary Usance Bills Not Under LC On Collection
BC Type Export
Tenor Code Usance
Under LC NO
Document Clean
Operation Collection
Product Code EIBM
Description Outgoing Documentary Multi Tenor Bills Not Under LC on Collection
BC Type Export
Tenor Code Multi Tenor
Under LC NO
Document Documentary
Operation Collection
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 BILLS
Accep Commission Pref No
Advance By Loan No
Loan Product No
Link to Loan(Export Bills) No