2.4.5 Detailed Coverage (Description of the Product)
Product Code | EINP |
---|---|
Description | Outgoing Documentary Sight Bills Not Under LC On Purchase |
BC Type | Export |
Tenor Code | Sight |
Under LC | NO |
Document | Documentary |
Operation | Purchase |
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 | No |
Loan Product | No |
Link to Loan(Export Bills) | No |
Product Code | EICP |
---|---|
Description | Outgoing Documentary Sight Bills Not Under LC On Purchase |
BC Type | Export |
Tenor Code | Sight |
Under LC | NO |
Document | Documentary |
Operation | Purchase |
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 | No |
Loan Product | No |
Link to Loan (Export Bills) | No |
Parent topic: Product Code – EINP/EICP