2.1.5 Detailed Coverage (Description of the Product)
| Product Code | EIBC |
|---|---|
| Description | Outgoing Documentary Sight Bills Not Under LC On Collection |
| BC Type | Export |
| Tenor Code | Sight |
| Under LC | NO |
| Document | Documentary |
| Operation | Collection |
| Product Code | EIBS |
|---|---|
| Description | Outgoing Documentary Usance Bills Not Under LC On Collection |
| BC Type | Export |
| Tenor Code | Usance |
| Under LC | NO |
| Document | Clean |
| Operation | Collection |
| Product Code | EIBM |
|---|---|
| Description | Outgoing Documentary Multi Tenor Bills Not Under LC on Collection |
| BC Type | Export |
| Tenor Code | Multi Tenor |
| Under LC | NO |
| Document | Documentary |
| Operation | Collection |
| 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 | BILLS |
| Accep Commission Pref | No |
| Advance By Loan | No |
| Loan Product | No |
| Link to Loan(Export Bills) | No |
Parent topic: Product Code - EIBC /EIBS/EIBM