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 |
Parent topic: Product Code – EIND/EISM