2.3.5 Detailed Coverage (Description of the Product)
| Product Code | EISM |
|---|---|
| Description | Outgoing Clean Multi Tenor Bills Not Under LC on Discount |
| BC Type | Export |
| Tenor Code | Multi tenor |
| Under LC | NO |
| Document | Clean |
| Operation | Discount |
| Product Preferences | |
|---|---|
| Product Code | EISM |
| Auto Liquidate BC Contracts | Yes |
| 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 |
| Product Code | EIND |
|---|---|
| Description | Outgoing Documentary Usance Bills Not Under LC On Discount |
| BC Type | Export |
| Tenor Code | Usance |
| Under LC | NO |
| Document | Documentary |
| Operation | Discount |
| Product Code | EIND |
|---|---|
| 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 Pref | No |
| Advance By Loan | No |
| Loan Product | No |
| Link to Loan(Export Bills) | No |
| Product Code | EIBM |
|---|---|
| BC Tax Components | |
| Tax Type | Withholding |
| Tax To Be collected on | Charges ( Swift And Courier) |
| Event | LIQD |
| CHARGES @ PRODUCT | |
| Charge Description | Swift Charges /Handling Fees/Courier Charges |
| Charge to be Levied from | Counter Party |
| Event for Association | INIT |
| INTEREST @ PRODUCT | |
| Description | Discount Interest |
| Event | BDIS |
| Amount Type | AMT_PURCHASED |
Parent topic: Product Code – EIND/EISM