3 Common Events

Events	Description
ACCR	Accrual This event is fired whenever a periodic commission is linked to an LC and it has to be accrued
AMND	Amendment This is the event fired whenever an LC is amended without any change in operation i.e. amendment from Preadvice to advice is not AMND but a change in the LC amount for the AMND event
AVAL	Availing an LC This is fired whenever an LC is availed i.e. the LC amount is actually paid.
CALC	Calculation of Commission This event too is fired when the calculation of the periodic commission takes place. It is a purely internal event.
CANC	Cancellation This is when an already issued or advices LC is cancelled.
CLIQ	Commission Liquidation This is the event when a periodic commission is liquidated
CLOS	Closure of an LC This is the event when the LC is finally closed after it has run its lifetime.
RAVL	Reversal of an Availment
REVR	Reversal of the Contract.
ROPN	Reopening of an LC after closure
REVE	This event is to reverse the previous version creating event
REAS	Reassign it means the reassignment of a contract from one user to another.
REIN	Reinstate This means the reinstatement of an LC to its original amount. It is similar to Rollover.
TRGN	Tracer generation Tracers are generated for Import LCs and when this is done this event is fired.
GCLM	Guarantee Claim Processed when Claim is Lodged.
GCAM	Guarantee Claim Amendment Processed when Claim Lodged is Amended.
GCLP	Guarantee Claim Payment Processed when Settlement is done for Claim.
GCLR	Guarantee Claim Rejection Processed when Claim Lodged is Rejected.