2.4.5 Detailed Coverage (Description of the Product)
| Product Code | ICLC |
|---|---|
| Description | Incoming Clean Sight Bills not under LC on Collection (Advance by Loan). |
| BC Type | Import |
| Tenor Code | Sight |
| Under LC | No |
| Document | Clean |
| Operation | Collection |
| Product Code | ICNM |
|---|---|
| Description | Incoming Documentary Multi Tenor Bills not under LC on Collection |
| BC Type | Import |
| Tenor Code | Multi tenor |
| Under LC | No |
| Document | Documentary |
| Operation | Collection |
| Product Code | ICLC/ICNM |
|---|---|
| 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 | Yes |
| Loan Product | IBCL |
| Link to Loan(Export Bills) | No |
| Product Code | IUNL |
|---|---|
| Description | Incoming Clean Usance Bills not under LC on Acceptance |
| BC Type | Import |
| Tenor Code | Usance |
| Under LC | No |
| Document | Clean |
| Operation | Acceptance |
| Product Code | IUNM |
|---|---|
| Description |
Incoming Clean Multi Tenor Bills not Under LC on Acceptance |
| BC Type | Import |
| Tenor Code | Multi tenor |
| Under LC | No |
| Document | Clean |
| Operation | Acceptance |
| Product Code | IUNL/IUNM |
|---|---|
| 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 | Yes |
| Loan Product | IBCL |
| Link to Loan(Export Bills) | No |
Parent topic: Product Code – ICLC/IUNL/IUNM/ICNM