2.2.5 Detailed Coverage (description of the product)
| Product Code | IBLL |
|---|---|
| Description | Incoming Usance Bills Under LC Acceptance |
| BC Type | Import |
| Tenor Code | Usance |
| Under LC | Yes |
| Document | Documentary |
| Operation | Acceptance |
| Product Code | IBLM |
| Description | Incoming Documentary Multi Tenor Bills under LC On Acceptance Interest In Advance |
| BC Type | Import |
| Tenor Code | Multi tenor |
| Under LC | Yes |
| Document | Documentary |
| Operation | Acceptance |
| Product Preferences | |
|---|---|
| Auto Liquidate BC Contracts | Yes |
| Auto Status Change | Yes |
| Auto Change from Acceptance to Advance | Yes |
| Accrual Freq | Daily |
| Interest Comp to be Collected in | Advance |
| Allow Prepayment of Interest | Yes |
| Default Rate Type | BILLS |
| Accep Commission Pref | Advance |
| Advance By Loan | No |
| Loan Product | No |
| Link to Loan(Export Bills) | No |
Parent topic: Product Code – IBLL/IBLM