2.3.5 Detailed Coverage (Description of the Product)

Product Code EISM
Description Outgoing Clean Multi Tenor Bills Not Under LC on Discount
BC Type Export
Tenor Code Multi tenor
Under LC NO
Document Clean
Operation Discount
Product Preferences
Product Code EISM
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
Product Code EIND
Description Outgoing Documentary Usance Bills Not Under LC On Discount
BC Type Export
Tenor Code Usance
Under LC NO
Document Documentary
Operation Discount
Product Code EIND
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 Pref No
Advance By Loan No
Loan Product No
Link to Loan(Export Bills) No
Product Code EIBM
BC Tax Components
Tax Type Withholding
Tax To Be collected on Charges ( Swift And Courier)
Event LIQD
CHARGES @ PRODUCT
Charge Description Swift Charges /Handling Fees/Courier Charges
Charge to be Levied from Counter Party
Event for Association INIT
INTEREST @ PRODUCT
Description Discount Interest
Event BDIS
Amount Type AMT_PURCHASED