2.2.3 Trade - Common Feature

  1. Structured and Hybrid Address changes
    System enhanced to provide Structured and Hybrid address required to generate MX payment messages namely MT202/MT202COV/MT103
    • Maintenance screens namely Trade Finance Settlement Instructions Maintenance (ISDTFINS) , Trade Finance Customer Address Maintenance (MSDTFCAD) and Third Party Maintenance (TDFTPMNT) enhanced to capture Structured / Hybrid Address.
    • LC, BC and Guarantee online screens enhance to capture Structured / Hybrid address. Settlement subsystem and Assignee details in LC and Bills contract online screens.
    • Trade Finance External Payment System Queue and Trade Finance External Payment System Queue History screens enhanced to display the details.
  2. SWIFT 2026 changes
    The system has been enhanced to support SWIFT 2026 changes across LC, Guarantees, and BC modules.
    • LC screens have been enhanced to capture party details, INCOTERMS, and HS codes.
    • Guarantee and SBLC screens have been enhanced to capture party details, HS codes, governing law and charges claimed.
    • BC screens have been enhanced to capture party details and HS codes.
    • LC, BC and Guarantee messages will be generated in accordance with SWIFT 2026 standards.
    • Islamic LC, Islamic Guarantees and SBLCs, and Islamic Bills have been enhanced to support these changes. Simulation and handoff APIs enhanced accordingly.
  3. Commission Collection Method changes
    System enhanced to modify Commission Collection Method during contract processing.
    • New option Commission Collection Method introduced in LC and Guarantee online screens.
    • New accounting role COMN_CUST_REV introduced and <COMN>INCREV to be generated during commission class creation.
    • Accounting entries to be maintained to support change of Commission Collection Method.
  4. Single Collection Cycle for Commission and Commission Advice
    System enhanced with Single Collection Cycle to debit commission on a single day when multiple commission components exist as part of Issuance and Amendments with periodic frequency.
    • Single Collection Cycle for Commission flag introduced in Trade Finance Bank Preference Maintenance, LC contract and Guarantee contract online screens.
    • During amendment with increase in contract amount, system to collect periodic commission for broken period.
    • Single CLIQ to trigger for multiple commission components of issuance and amendments commission.
    • Commission Advice introduced to provide commission details and attached to CLIQ event.
  5. Arrear Commission on Reduced balance

    System enhanced to collect arrear commission on outstanding amount when contract amount is reduced due to availment, claim settlement, amendment, cancel and closure of LCs and Guarantees.

  6. Account Receivable liquidation during transaction processing
    Provision to liquidate outstanding Account Receivables
    • During cancel and closure of LCs and Guarantees and claim settlement of Guarantees
    • During closure and liquidation of Bills and Collections
    • New subsystem AR-AP Details introduced to capture details of liquidation.
    • New accounting roles AR_CUST_GL and ARAPREC_GL are introduced and new amount tag RECEIVABLE_LIQD is introduced to process receivable liquidation.
  7. Reimbursement Undertaking
    OBTF has been enhanced to capture reimbursement-undertaking details received from the issuing bank during LC/LI initiation, simulation, and amendment processing
    • Users can manually enter the undertaking amount and expiry date during initiation or internal amendment when these details were not captured initially.
    • New fields capture reimbursement-undertaking details and indicate whether claiming-bank confirmation is required for amendments affecting an existing undertaking.
    • The following new events have been introduced:
      • RMNV – Reimbursement Undertaking Amendment Initiation
      • RCON – Reimbursement Undertaking Amendment Confirmation
      • RREJ – Reimbursement Undertaking Amendment Rejection
    • Reimbursement claim registration has been enhanced to process claims received through STP MT742 messages or entered manually by the reimbursing bank through the Bills Contract Input screen.
    • Additional fields support reimbursement claim notifications and capture MT742 tag values through STP processing or manual input.
  8. SWIFT related changes
    System enhanced with below SWIFT related changes
    • STP processing of MT412 -Advice of Acceptance and MT768 –Acknowledgement of Guarantee/Standby LC introduced.
    • STP processing of MT747 enhanced to create financial amendment in LC Amendment.
    • New job TF_TFPM_SWIFT_UPLOAD introduced to process MT410, MT412, MT730 and MT768 messages when process status is T. Process status updated as T by OBTFPM for Direct STP by OBTF.
    • Trade Finance Incoming Browser (MSSTFIBR) enhanced with process status T (Direct STP to OBTF) and K (User Handling Required). Trade Finance Outgoing Browser (MSSTFOBR) enhanced to display NAK Error code.
    • Support draft confirmation messages namely MT798-771 for LCs and MT798-762 for Guarantees.
  9. Vessel Tracking
    The system has been enhanced to support vessel tracking.
    • LC and BC screens have been enhanced to capture vessel-tracking details.
    • Additional vessel-tracking and voyage details received from OBTFPM will be persisted in OBTF and included in the response.
  10. Corporate Cancellation
    The system has been enhanced to generate Notification of Cancellation/Refusal messages, MT741, for B2C transactions.
    • A new event, BRRC – Bank Reject Response for Cancellation has been introduced.
    • A new API receives cancellation details and generates MT741 as part of the BRRC event.
    • Applicable charges and taxes may be collected.
  11. Transport Mode changes
    Provision to capture Transport Mode
    • Transport Mode introduced in Document Code maintenance and the same to be provided when document type is Transport.
    • Transport Mode introduced in LC issuance and amendment screens and the same to be provided when document type is Transport.
  12. Debit and Credit Advice changes
    System enhanced with below changes in Debit and Credit Advices
    • Amount in words introduced in Debit and Credit Advices to display total amount.
    • Number of amendments introduced in Debit and Credit advices generated during LC and Guarantee amendments

Parent topic: Release Enhancements