2.2.2 Guarantees/Standby LCs

  1. Counter Guarantee amount and expiry date validations
    • System enhanced to capture Counter Guarantee amount, Counter Guarantee currency and Counter Guarantee expiry date.
    • The expiry date of the Local Guarantee/Counter guarantee should be earlier than the expiry date of the Counter Guarantee/Counter-Counter Guarantee respectively.
    • The Undertaking Currency and Amount of the Local Guarantee and Counter Guarantee should be the same.