1.2.2 Enhancements to Existing Processes

The following are the enhancement to the existing process as a part of 14.8.1.0.0 Release:

  1. Change of Commission Collection Method

    The change of commission collection method enhancements has been introduced to streamline the existing processes within Trade Finance.

    • Import LC Issuance (Conventional and Islamic)
      • A new “Commission Collection Method” field has been introduced under the Additional Details hop, under 'Commission, Charges and Taxes' Tile, in "Commission" Section, of Import LC Issuance process, featuring default values from product maintenance, and offering a dropdown selection of either “Advance” or “Arrears.”
      • Bank users can now override the default commission collection method at the contract level, enabling flexible selection between advance or arrears-based commission collection.
    • Guarantee/SBLC Issuance (Conventional and Islamic)
      • A new “Commission Collection Method” field has been introduced under the Additional Details hop, under 'Commission, Charges and Taxes' Tile, in "Commission" Section, of Guarantee/SBLC Issuance process, featuring default values from product maintenance, and offering a dropdown selection of either “Advance” or “Arrears.”
      • Bank users can now override the default commission collection method at the contract level, enabling flexible selection between advance or arrears-based commission collection.
    • Export LC Advise (Conventional and Islamic)
      • A new “Commission Collection Method” field has been introduced under the Additional Details hop, under 'Commission, Charges and Taxes' Tile, in "Commission" Section, of Export LC Advise process, featuring default values from product maintenance, and offering a dropdown selection of either “Advance” or “Arrears.”
      • Bank users can now override the default commission collection method at the contract level, enabling flexible selection between advance or arrears-based commission collection.
    • Export LC Amendment – Internal Amendment (Conventional and Islamic)
      • A new “Commission Collection Method” field has been introduced under the Additional Details hop, under 'Commission, Charges and Taxes' Tile, in "Commission" Section, of Export LC Amendment process, featuring default values from product maintenance, and offering a dropdown selection of either “Advance” or “Arrears.”
      • Bank users can now override the default commission collection method at the contract level, enabling flexible selection between advance or arrears-based commission collection.
      • Under Internal Amendment, changes to confirmation details are now allowed after advising of the Letter of Credit (LC), provided the commission component was not available at the advising stage and the confirmation has already NOT been added following the internal amendment.
    • Guarantee/SBLC Advise (Conventional and Islamic)
      • A new “Commission Collection Method” field has been introduced under the Additional Details hop, under 'Commission, Charges and Taxes' Tile, in "Commission" Section, of Guarantee/SBLC Advise process, featuring default values from product maintenance, and offering a dropdown selection of either “Advance” or “Arrears.”
      • Bank users can now override the default commission collection method at the contract level, enabling flexible selection between advance or arrears-based commission collection.
    • Guarantee/SBLC Advise – Internal Amendment (Conventional and Islamic)
      • A new “Commission Collection Method” field has been introduced under the Additional Details hop, under 'Commission, Charges and Taxes' Tile, in "Commission" Section, of Guarantee/SBLC Advise process, featuring default values from product maintenance, and offering a dropdown selection of either “Advance” or “Arrears.”
      • Bank users can now override the default commission collection method at the contract level, enabling flexible selection between advance or arrears-based commission collection.
      • Under Internal Amendment, changes to confirmation details are now allowed after advising of the Guarantee/SBLC, provided the commission component was not available at the advising stage and the confirmation has already NOT been added following the internal amendment.
  2. Document required (46A) Validation based on Transportation Mode

    Currently the document details are not being validated based on the selected Transport Mode. This enhancement aims to ensure that the documents required under the LC are validated according to the selected Transport Mode.

    • Import LC Issuance (Conventional and Islamic)
      • Introduced a Transport Mode field in the Document Code LOV and Document Details grid, allowing users to search, select, and link relevant transport documents.
      • The system now validates links between Transport Mode and document types, displaying override messages when they are inconsistent.
      • All validation rules and override messaging are consistently enforced for both document details input directly in OBTFPM and those defaulted from OBTF, ensuring compliance in both Issuance and Amendment processes.
    • Import LC Amendment (Conventional and Islamic)
      • Introduced a Transport Mode field in the Document Code LOV and Document Details grid, allowing users to search, select, and link relevant transport documents.
      • The system now validates links between Transport Mode and document types, displaying override messages when they are inconsistent.
      • All validation rules and override messaging are consistently enforced for both document details input directly in OBTFPM and those defaulted from OBTF, ensuring compliance in both Issuance and Amendment processes.
  3. No override when drawing amount is less than LC outstanding amount

    The system has been enhanced to suppress the override alert when the drawing amount is less than the LC outstanding amount if partial shipment is permitted under the LC terms. This ensures that alerts are only triggered when relevant, aligning with partial shipment allowances.

    • Drawings Under Transfer LC
      • The system has been updated to suppress the "Drawing Amount is less than LC Outstanding Amount" override alert during the Drawings Under Transfer LC process when Partial Shipment is allowed under the Transfer LC terms.
      • This change applies to all stages, including Registration, Scrutiny, and DE.
      • The override alert will continue to be triggered when Partial Shipment is not allowed, with no change to current behaviour in such cases.
  4. Periodic Commission Single Cycle

    A new display-only field, “Single Collection Cycle for Commission,” has been added under the Commission section within the Charges, Commission, and Taxes tile across relevant Trade Finance processes, as well as in Mid Office and Back Office enquiry screens.

    • Import LC Issuance (Conventional and Islamic)
      • A new display-only “Single Collection Cycle” field has been added under the Commission, Charges, and Taxes section in the Additional Details screen, sourcing its value from Bank parameters during Import LC Issuance.
      • When "Single Collection Cycle" is set to Yes at the contract level, the system ensures that commission components cannot include both periodic and non-periodic collection methods and enforces uniformity in collection and rounding periods for periodic commissions, issuing errors for any discrepancies.
      • The back-office system now collects periodic commission for all commission components on a single day by synchronizing the commission cycle of amendment commission components with that of the issuance commission component.
    • Import LC Amendment (Conventional and Islamic)
      • A new display-only “Single Collection Cycle” field has been added under the Commission, Charges, and Taxes section in the Additional Details screen, sourcing its value from Bank parameters during Import LC Amendment.
      • When "Single Collection Cycle" is set to Yes at the contract level, the system ensures that commission components cannot include both periodic and non-periodic collection methods and enforces uniformity in collection and rounding periods for periodic commissions, issuing errors for any discrepancies.
      • The back-office system now collects periodic commission for all commission components on a single day by synchronizing the commission cycle of amendment commission components with that of the issuance commission component.
    • Import LC Internal Amendment (Conventional and Islamic)
      • A new display-only “Single Collection Cycle” field has been added under the Commission, Charges, and Taxes section in the Additional Details screen, sourcing its value from Bank parameters during Import LC Internal Amendment.
      • When "Single Collection Cycle" is set to Yes at the contract level, the system ensures that commission components cannot include both periodic and non-periodic collection methods and enforces uniformity in collection and rounding periods for periodic commissions, issuing errors for any discrepancies.
      • The back-office system now collects periodic commission for all commission components on a single day by synchronizing the commission cycle of amendment commission components with that of the issuance commission component.
    • Export LC Advise (Conventional and Islamic)
      • A new display-only “Single Collection Cycle” field has been added under the Commission, Charges, and Taxes section in the Additional Details screen, sourcing its value from Bank parameters during Export LC Advise.
      • When "Single Collection Cycle" is set to Yes at the contract level, the system ensures that commission components cannot include both periodic and non-periodic collection methods and enforces uniformity in collection and rounding periods for periodic commissions, issuing errors for any discrepancies.
      • The back-office system now collects periodic commission for all commission components on a single day by synchronizing the commission cycle of amendment commission components with that of the Advising commission component.
    • Export LC Amendment (Conventional and Islamic)
      • A new display-only “Single Collection Cycle” field has been added under the Commission, Charges, and Taxes section in the Additional Details screen, sourcing its value from Bank parameters during Export LC Amendment.
      • When "Single Collection Cycle" is set to Yes at the contract level, the system ensures that commission components cannot include both periodic and non-periodic collection methods and enforces uniformity in collection and rounding periods for periodic commissions, issuing errors for any discrepancies.
      • The back-office system now collects periodic commission for all commission components on a single day by synchronizing the commission cycle of amendment commission components with that of the Advising commission component.
    • Export LC Amendment - Internal (Conventional and Islamic)
      • A new display-only “Single Collection Cycle” field has been added under the Commission, Charges, and Taxes section in the Additional Details screen, sourcing its value from Bank parameters during Export LC Amendment - Internal.
      • When "Single Collection Cycle" is set to Yes at the contract level, the system ensures that commission components cannot include both periodic and non-periodic collection methods and enforces uniformity in collection and rounding periods for periodic commissions, issuing errors for any discrepancies.
      • The back-office system now collects periodic commission for all commission components on a single day by synchronizing the commission cycle of amendment commission components with that of the Advising commission component.
    • Guarantee/SBLC Issuance (Conventional and Islamic)
      • A new display-only “Single Collection Cycle” field has been added under the Commission, Charges, and Taxes section in the Additional Details screen, sourcing its value from Bank parameters during Guarantee/SBLC Issuance.
      • When "Single Collection Cycle" is set to Yes at the contract level, the system ensures that commission components cannot include both periodic and non-periodic collection methods and enforces uniformity in collection and rounding periods for periodic commissions, issuing errors for any discrepancies.
      • The back-office system now collects periodic commission for all commission components on a single day by synchronizing the commission cycle of amendment commission components with that of the issuance commission component.
    • Guarantee/SBLC Issuance Amendment (Conventional and Islamic)
      • A new display-only “Single Collection Cycle” field has been added under the Commission, Charges, and Taxes section in the Additional Details screen, sourcing its value from Bank parameters during Guarantee/SBLC Issuance Amendment.
      • When "Single Collection Cycle" is set to Yes at the contract level, the system ensures that commission components cannot include both periodic and non-periodic collection methods and enforces uniformity in collection and rounding periods for periodic commissions, issuing errors for any discrepancies.
      • The back-office system now collects periodic commission for all commission components on a single day by synchronizing the commission cycle of amendment commission components with that of the issuance commission component.
    • Guarantee/SBLC Issuance Internal Amendment (Conventional and Islamic)
      • A new display-only “Single Collection Cycle” field has been added under the Commission, Charges, and Taxes section in the Additional Details screen, sourcing its value from Bank parameters during Guarantee/SBLC Issuance Internal Amendment.
      • When "Single Collection Cycle" is set to Yes at the contract level, the system ensures that commission components cannot include both periodic and non-periodic collection methods and enforces uniformity in collection and rounding periods for periodic commissions, issuing errors for any discrepancies.
      • The back-office system now collects periodic commission for all commission components on a single day by synchronizing the commission cycle of amendment commission components with that of the issuance commission component.
    • Guarantee/SBLC Advise (Conventional and Islamic)
      • A new display-only “Single Collection Cycle” field has been added under the Commission, Charges, and Taxes section in the Additional Details screen, sourcing its value from Bank parameters during Guarantee/SBLC Advise.
      • When "Single Collection Cycle" is set to Yes at the contract level, the system ensures that commission components cannot include both periodic and non-periodic collection methods and enforces uniformity in collection and rounding periods for periodic commissions, issuing errors for any discrepancies.
      • The back-office system now collects periodic commission for all commission components on a single day by synchronizing the commission cycle of amendment commission components with that of the Advising commission component.
    • Guarantee/SBLC Amendment (Conventional and Islamic)
      • A new display-only “Single Collection Cycle” field has been added under the Commission, Charges, and Taxes section in the Additional Details screen, sourcing its value from Bank parameters during Guarantee/SBLC Amendment.
      • When "Single Collection Cycle" is set to Yes at the contract level, the system ensures that commission components cannot include both periodic and non-periodic collection methods and enforces uniformity in collection and rounding periods for periodic commissions, issuing errors for any discrepancies.
      • The back-office system now collects periodic commission for all commission components on a single day by synchronizing the commission cycle of amendment commission components with that of the Advising commission component.
    • Guarantee/SBLC Amendment - Internal (Conventional and Islamic)
      • A new display-only “Single Collection Cycle” field has been added under the Commission, Charges, and Taxes section in the Additional Details screen, sourcing its value from Bank parameters during Guarantee/SBLC Amendment - Internal.
      • When "Single Collection Cycle" is set to Yes at the contract level, the system ensures that commission components cannot include both periodic and non-periodic collection methods and enforces uniformity in collection and rounding periods for periodic commissions, issuing errors for any discrepancies.
      • The back-office system now collects periodic commission for all commission components on a single day by synchronizing the commission cycle of amendment commission components with that of the Advising commission component.
    • Mid office Enquiry - (Conventional and Islamic)
      • In the commission section a new display-only “Single Collection Cycle” field has been added in Mid Office enquiry as available in the associated task.
    • Back-office Enquiry - (Conventional and Islamic)
      • The field "Single Collection Cycle for Commission" is now visible when querying LC and BG contracts through the Back Office LC and Guarantee/SBLC enquiry screens, reflecting the value maintained in the back-office system.
  5. SBLC Adding Confirmation

    For SBLCs with confirmation instructions 'Confirm' or 'May Add', the confirming bank may add its confirmation upon beneficiary request and subject to issuing bank limit - either during or after advising.

    • Guarantee/SBLC Advise (Conventional and Islamic)
      • The OBTFPM system now enables banks to add confirmation to Standby Letters of Credit (SBLC) either during or after the advising stage, based on beneficiary request and issuing bank limit availability, when the confirmation instruction is set to "Confirm" or "May Add."
      • A new "Limit Verification Required" toggle field has been introduced on the main Guarantee Advise screen, defaulted to "No," allowing users to specify if limit and collateral details are needed at Registration, Scrutiny, and DE stages.
      • The system enforces validation based on this selection, ensuring complete limit details are provided when required, and restricts limit addition when not required. Additional fields for SBLC confirmation have also been added under the 'Others' section of the Guarantee Preference screen to support this workflow.
    • Guarantee/SBLC Amendment (Conventional and Islamic)
      • In the Guarantee Advise Amendment process, a display-only "Limit Verification Required" field has been added to the main screen, showing "Yes" if a contract limit is available and "No" if not. This value is system-determined and cannot be modified by the user. The Limit and Collateral tile now displays contract-specific limit details in a non-editable format, and limit earmarking is updated only if there is an increase in the SBLC - either due to increased confirmation amount or SBLC amount; otherwise, the earmark remains unchanged.
      • A new collapsible "Confirmation Details" section has been introduced within the Guarantee Preference screen. This section provides additional fields for capturing and managing confirmation-related information during the amendment process of Standby Letter of Credit contracts.
    • Guarantee/SBLC Amendment - Internal (Conventional and Islamic)
      • The OBTFPM system now supports adding confirmation for Standby Letters of Credit (SBLC) during the Internal Amendment process. A new "Limit Verification Required" toggle field has been added on the main screen, displaying "Yes" if a limit exists for the contract and "No" otherwise. Users can modify this setting during Registration, Scrutiny, and DE stages, with system validations to ensure complete limit details are provided and that limit modifications are regulated according to changes in confirmation amount.
      • The system now handles limit earmarking based on the confirmation amount: increasing the amount earmarks additional limit, while reductions or unchanged amounts do not affect the earmark. Additionally, a new "Confirmation Details" section (Hop) has been introduced, providing dedicated fields to capture and manage confirmation information during the amendment process.
    • Mid office Enquiry - (Conventional and Islamic)
      • Through Enquiry – Mid office Guarantee Query, while viewing the PRN in Summary screen confirmation details values should be available.
    • Back-office Enquiry - (Conventional and Islamic)
      • The Back Office Guarantee/SBLC Enquiry screen now includes new fields—Partial Confirmation, Confirmation %, and Confirmation Amount—which display the corresponding values from the back-office system for enhanced contract visibility.
  6. View Undertaking

    SBLCs process screen of View undertaking button is enhanced to display the confirmation instructions details.

    • Guarantee Advise Amendment – View Undertaking button - (Conventional and Islamic)
      • When viewing the details of a Guarantee through 'View Undertaking' in the Guarantee Advise Amendment process, new fields have been added under the "Other" section to provide enhanced visibility of confirmation details.
    • Guarantee Advise Internal Amendment – View Undertaking button - (Conventional and Islamic)
      • When viewing the details of a Guarantee through 'View Undertaking' in the Guarantee Advise Internal Amendment process, new fields have been added under the "Other" section to provide enhanced visibility of confirmation details.
    • Guarantee Advise Claim Lodge – View Undertaking button - (Conventional and Islamic)
      • When viewing the details of a Guarantee through 'View Undertaking' in the Guarantee Advise Claim Lodge process, new fields have been added under the "Other" section to provide enhanced visibility of confirmation details.
    • Guarantee Advise Claim Update – View Undertaking button - (Conventional and Islamic)
      • When viewing the details of a Guarantee through 'View Undertaking' in the Guarantee Advise Claim Update process, new fields have been added under the "Other" section to provide enhanced visibility of confirmation details.
    • Guarantee Advise Claim Settlement – View Undertaking button - (Conventional and Islamic)
      • When viewing the details of a Guarantee through 'View Undertaking' in the Guarantee Advise Claim Settlement process, new fields have been added under the "Other" section to provide enhanced visibility of confirmation details.
    • Guarantee Advise Cancel – View Undertaking button - (Conventional and Islamic)
      • When viewing the details of a Guarantee through 'View Undertaking' in the Guarantee Advise Cancel process, new fields have been added under the "Other" section to provide enhanced visibility of confirmation details.
    • Guarantee Advise Closure – View Undertaking button - (Conventional and Islamic)
      • When viewing the details of a Guarantee through 'View Undertaking' in the Guarantee Advise Closure process, new fields have been added under the "Other" section to provide enhanced visibility of confirmation details.
    • Guarantee Advise Amendment Beneficiary Consent – View Undertaking button - (Conventional and Islamic)
      • When viewing the details of a Guarantee through 'View Undertaking' in the Guarantee Advise Amendment Beneficiary Consent process, new fields have been added under the "Other" section to provide enhanced visibility of confirmation details.
  7. SWIFT Message Enquiry to display the SWIFT ACK/NACK Status
    • NAK error code and reason are now displayed for outgoing SWIFT messages with NAK status, as received from SWIFT Alliance.
      • The OBTFPM Outgoing Message Browser now provides enhanced visibility for outgoing SWIFT messages by displaying not only the ACK/NAK status, but also the corresponding NAK error code and error reason received from SWIFT Alliance.
      • New fields - NAK Error Code and NAK Error Reason have been added to the search results view, enabling users to view detailed information for rejected (NAK) messages directly within the Outgoing Message Browser, supporting prompt operational handling of such cases.
    • Fate Pay/ Fate Acceptance enhancements in Collection Processes - Outgoing 422
      • Support for MT422 Message and Online Tracer Generation in Collection Booking Update
    • Import and Export Documentary Collection Booking Update (Conventional and Islamic)
      • OBTFPM now supports the generation of MT422 messages and online tracers directly from the Import and Export Documentary Collection Booking Update process, enhancing communication related to the status of collection documents.
      • New toggle buttons, "Generate Fate Pay/Acceptance" and "Generate Tracer Online," have been added under the Collection Details header in the Registration, Data Enrichment, and Approvals screens.
      • Tracer Details have been moved to the Maturity hop, with a new collapsible "Fate Pay and Fate Accept" section capturing information such as advice requirements, medium, receiver, online generation flag, and relevant MT422 message tags (Tag72, Tag75, Tag76) for streamlined processing.
  8. Account Receivable Validation

    During the simulation stage of LC, BG, Bills, and Collection contracts, an override message “Deferred charges exists for this contract” is now displayed when there are outstanding Account Receivables, providing users with an option to liquidate these outstanding amounts as part of the process.

    Below are the impacted processes for this change.
    1. Import LC Amendment Beneficiary Consent
    2. Import LC Drawings
    3. Import LC Update Drawings
    4. Import LC Liquidation
    5. Import LC Cancellation
    6. Import LC Closure
    7. Import Documentary Collection Liquidation
    8. Import Documentary Collection Return-Close
    9. Export LC Amendment Beneficiary Consent
    10. Export LC Cancellation
    11. Export LC Closure
    12. Export LC Drawing
    13. Export LC Update drawings
    14. Export LC Liquidation
    15. Export LC Transfer
    16. Export LC Transfer Amendment with Beneficiary Consent
    17. Export LC Transfer Cancellation
    18. Export LC Transfer Closure
    19. Export Documentary Collection Booking
    20. Export documentary collection Update Booking
    21. Export Documentary Collection Liquidation
    22. Export Documentary Collection Return-Close
    23. Guarantee Issuance Amendment- Beneficiary Consent
    24. Guarantee Issuance – Cancellation
    25. Guarantee Issuance- Closure
    26. Guarantee Issuance- Claim Settlement
    27. Guarantee Advise Amendment-Beneficiary Consent
    28. Guarantee Advise- Cancellation
    29. Guarantee Advise- Closure
    30. Guarantee Advise- Claim Settlement
  9. Liquidation Amount Population in Bills under LC

    A new enhancement has been introduced in the OBTFPM Import and Export LC Bill Liquidation processes (for both Conventional and Islamic products) to automatically populate the ‘Liquidation Amount’ field with the outstanding bill amount by default.

    • Import LC Liquidation and Export LC Liquidation- (Conventional and Islamic)
      • The ‘Liquidation Amount’ field will now auto-populate with the ‘Outstanding Amount’ fetched from OBTF during specified processes.
      • Users retain the ability to modify this default value at both Registration and Data Enrichment stages, with all existing field validations remaining unchanged.
      • If a user modifies the Liquidation Amount during Registration, the change will persist throughout subsequent stages. However, if this value exceeds the Bill Outstanding amount, system validation will prevent further processing and prompt an error message.
      • If the Liquidation Amount is cleared during Registration, the user can still proceed, but the field will not auto-populate in the Data Enrichment stage and must be manually entered.
      • All changes made to Liquidation Amount will be consistently handed off to subsequent stages and ultimately updated in OBTF after authorization.
  10. Enhancements done for validation of Expiry Date and Currency/Amount Consistency in Bank Guarantee and Counter Guarantee Issuance

    Validation enhancements have been implemented in the Bank Guarantee issuance process. The system will now enforce that the expiry date of the Bank Guarantee issued to the beneficiary must be earlier than the expiry date of the related Counter Guarantee. Additionally, the Undertaking Currency and Amount of the Local Guarantee must match those of the Counter Guarantee. These new validations ensure alignment and consistency between issued Bank Guarantees and their underlying Counter Guarantees.

    Guarantee Issuance (Conventional and Islamic)
    1. Introduction of New Mandatory Fields
      • Counter Guarantee Expiry Date:
        • A new field, ‘Counter Guarantee Expiry Date’, has been added to the Main - Application Details screen.
        • For incoming STP (Sequence B, Tag 31E), this field will be auto-populated and non-editable.
        • For manual entries, users must capture the ‘Date of Expiry’ from the Counter Guarantee in this field. If omitted when the Expiry Event is Fixed, the system will display a mandatory error message.
      • Counter Guarantee Amount (Currency Code & Amount):
        • A new field, ‘Counter Guarantee Currency Code, Amount’, has been added to the Main - Application Details screen.
        • For incoming STP (Sequence B, Tag 32B), this field will be auto-populated and non-editable.
        • For manual entries, users must provide the Counter Guarantee Undertaking Amount. Omission will trigger a mandatory error message.
    2. Enhanced Validation Logic:
      • The Local Guarantee Expiry Date (from Undertaking Details 31E) is now validated to ensure it does not exceed the Counter Guarantee Expiry Date. Violations result in an error message.
      • The Local Guarantee Undertaking Amount (Application Details 32B) is validated against the Counter Guarantee Amount for consistency. Any mismatch will prompt an override warning message.
      • The Counter Guarantee Expiry date and Counter Guarantee-Currency Code, Amount field and value is available in
        • View Undertaking Details of the subsequent Guarantee Process
        • Middle Office Query
        • Back Office Query
    Guarantee Issuance Amendment (Conventional and Islamic)
    1. Introduction of Mandatory Fields:
      • Counter Guarantee Expiry Date:
        • A new, mandatory field ‘Counter Guarantee Expiry Date’ has been added to the Main-Application Details screen.
        • For incoming STP (Sequence B, Tag 31E), this field is defaulted from the Date of Expiry and is non-editable.
        • For manual updates, the system defaults to the value from Guarantee Issuance, and users must capture the Counter Guarantee’s Date of Expiry.
      • Counter Guarantee Amount (Currency Code & Amount):
        • A new, mandatory field ‘Counter Guarantee Currency Code, Amount’ has been added to the Main-Application Details screen.
        • For incoming STP (Sequence B: Tag 32B - Increase of Undertaking Amount / Tag 33B - Decrease of Undertaking Amount), this field is auto-populated and non-editable.
        • For manual updates, the system defaults to the value from Guarantee Issuance, and users must capture the corresponding amount from the Counter Guarantee.
    2. Enhanced Validation Logic:
      • The Local Guarantee Expiry Date (Undertaking Details – 31E) is validated against the new Counter Guarantee Expiry Date to ensure it does not exceed the expiry date on the Counter Guarantee. If exceeded, the system displays the error: “Local Guarantee Expiry Date cannot be greater than the Counter Guarantee Expiry.”
      • The Local Guarantee Undertaking Amount (Application Details – 32B) is validated against the Counter Guarantee Amount for consistency. Any mismatch will prompt an override warning: “Mismatch in Local Guarantee Undertaking Amount and Counter Guarantee Undertaking Amount.”
  11. Enhancements done to support the STP upload of Incoming SWIFT messages

    The following messages have been enhanced to support Straight-Through Processing (STP) uploads of incoming SWIFT messages for both Corporate-to-Bank (C2B) and Bank-to-Bank (B2B) message flows.

    • MT798-MT719 – Response to Draft Undertaking Index

      On upload of MT798-MT719 below process flows will get triggered and the task will be available in the Free Task queue.

      Impacted Process:
      1. Import LC Issuance
      2. Guarantee Issuance
      3. Import LC Issuance - Islamic
      4. Guarantee Issuance - Islamic
    • MT798-MT783 – Request for Guarantee / Standby Letter of Credit Reduction / Release

      On upload of MT798-MT783 below process flows will get triggered and the task will be available in the Free Task queue.

      Impacted Process:
      1. Guarantee Issuance Amendment
      2. Guarantee Issuance Cancellation
      3. Guarantee Issuance Amendment - Islamic
      4. Guarantee Issuance Cancellation - Islamic
    • MT 752 Authorisation to Pay, Accept or Negotiate

      On upload of MT752 below process flow will get triggered and the task will be available in the Free Task queue.

      Impacted Process:
      1. Export LC Drawing Update– Conventional & Islamic
    • MT 999 Free Format Message

      On upload of MT999 a Miscellaneous Task will be created allowing the user to further select the below listed process for further processing.

      1. Export LC Amendment
      2. Import LC Internal Amendment
      3. Export LC Update Drawing
      4. Import LC Update Drawing
      5. Guarantee Issuance Internal Amendment
      6. Guarantee Advise Internal Amendment
      7. Guarantee SBLC Issuance - Claim Update
      8. Guarantee SBLC Advised - Claim Update
      9. Export documentary Collection update
      10. Import Documentary Collection update
      11. Export LC Amendment -Islamic
      12. Import LC Internal Amendment - Islamic
      13. Export LC Update Drawing - Islamic
      14. Import LC Update Drawing - Islamic
      15. Guarantee Issuance Internal Amendment-Islamic
      16. Guarantee Advise Internal Amendment-Islamic
      17. Guarantee SBLC Issuance - Claim Update-Islamic
      18. Guarantee SBLC Advised - Claim Update-Islamic
      19. Export documentary Collection update-Islamic
      20. Import Documentary Collection update-Islamic
    • MT 499 Free Format Message

      On upload of MT499 a Miscellaneous Task will be created allowing the user to further select the below listed process for further processing.

      1. Export documentary Collection Update
      2. Import Documentary Collection Update
      3. Export documentary Collection update - Islamic
      4. Import Documentary Collection update - Islamic
    • MT 799 Free Format Message

      On upload of MT799 a Miscellaneous Task will be created allowing the user to further select the below listed process for further processing.

      1. Import LC Internal Amendment
      2. Export LC Update Drawing
      3. Import LC Update Drawing
      4. Guarantee Issuance Internal Amendment
      5. Guarantee Advise Internal Amendment
      6. Guarantee SBLC Issuance - Claim Update
      7. Guarantee SBLC Advised - Claim Update
      8. Export LC Amendment -Islamic
      9. Import LC Internal Amendment - Islamic
      10. Export LC Update Drawing - Islamic
      11. Import LC Update Drawing - Islamic
      12. Guarantee Issuance Internal Amendment-Islamic
      13. Guarantee Advise Internal Amendment-Islamic
      14. Guarantee SBLC Issuance - Claim Update-Islamic
      15. Guarantee SBLC Advised - Claim Update - Islamic
    • MT 759 Ancillary Trade Structured Message

      On upload of MT759 a Miscellaneous Task will be created allowing the user to further select the below listed process for further processing.

      Impacted Process:
      1. Export LC Amendment
      2. Import LC Internal Amendment
      3. Export LC Update Drawing
      4. Import LC Update Drawing
      5. Guarantee Issuance Internal Amendment
      6. Guarantee Advise Internal Amendment
      7. Guarantee SBLC Issuance - Claim Update
      8. Guarantee SBLC Advised - Claim Update
      9. Export documentary Collection update
      10. Import Documentary Collection update
      11. Export LC Amendment -Islamic
      12. Import LC Internal Amendment – Islamic
      13. Export LC Update Drawing – Islamic
      14. Import LC Update Drawing – Islamic
      15. Guarantee Issuance Internal Amendment-Islamic
      16. Guarantee Advise Internal Amendment-Islamic
      17. Guarantee SBLC Issuance - Claim Update-Islamic
      18. Guarantee SBLC Advised - Claim Update-Islamic
      19. Export documentary Collection update-Islamic
      20. Import Documentary Collection update-Islamic
    • MT 769 Advice of Reduction or Release

      On upload of MT769 below process flows will get triggered and the task will be available in the Free Task queue.

      Impacted Process:
      1. Guarantee Issuance Amendment
      2. Guarantee Advice Amendment
      3. Guarantee Issuance Cancellation
      4. Guarantee Advice Cancellation
      5. Guarantee Issuance Amendment - Islamic
      6. Guarantee Advice Amendment - Islamic
      7. Guarantee Issuance Cancellation - Islamic
      8. Guarantee Advice Cancellation - Islamic
    • MT 768 Acknowledgement of a Guarantee/Standby Message

      On upload of MT768 below process flows will get triggered and the task will be available in the Free Task queue.

      Impacted Process:
      1. Guarantee Issuance Internal Amendment
      2. Guarantee Advice Internal Amendment
      3. Guarantee Issuance Internal Amendment - Islamic
      4. Guarantee Advice Internal Amendment – Islamic
    • MT 756 Advice of Reimbursement or Payment

      On upload of MT756 below process flows will get triggered and the task will be available in the Free Task queue.

      Impacted Process:
      1. Export LC Liquidation
      2. Export LC Liquidation - Islamic
    • MT 754 Advice of Payment/Acceptance/Negotiation

      On upload of MT754 below process flows will get triggered and the task will be available in the Free Task queue.

      Impacted Process:
      1. Import LC Drawing
      2. Import LC Drawing Update
      3. Import LC Drawing - Islamic
      4. Import LC Drawing Update - Islamic
    • MT 744 Notice of Non-Conforming Reimbursement Claim

      On upload of MT744 below process flows will get triggered and the task will be available in the Free Task queue.

      Impacted Process:
      1. Export LC Drawing Update
      2. Export LC Drawing Update - Islamic
    • MT 732 Advice of Discharge

      On upload of MT732 below process flows will get triggered and the task will be available in the Free Task queue.

      Impacted Process:
      1. Export LC Drawing Update
      2. Export LC Drawing Update - Islamic
    • MT 730 Acknowledgement

      On upload of MT730 below process flows will get triggered and the task will be available in the Free Task queue.

      Impacted Process:
      1. Import LC Internal Amendment
      2. Export LC Amendment (Internal)
      3. Import LC Internal Amendment - Islamic
      4. Export LC Amendment (Internal) - Islamic
    • MT 430 Amendment of Instructions

      On upload of MT430 below process flows will get triggered and the task will be available in the Free Task queue.

      Impacted Process:
      1. Import Documentary Collection Booking Update
      2. Import Documentary Collection Booking Update – Islamic
    • MT 422 Advice of Fate and Request for Instructions

      On upload of MT422 below process flows will get triggered and the task will be available in the Free Task queue.

      Impacted Process:
      1. Export Documentary Collection Booking Update
      2. Export Documentary Collection Booking Update – Islamic
    • MT 420 Tracer

      On upload of MT420 below process flows will get triggered and the task will be available in the Free Task queue

      Impacted Process:
      1. Import Documentary Collection Booking Update
      2. Import Documentary Collection Booking Update – Islamic
    • MT 416 Tracer

      On upload of MT416 below process flows will get triggered and the task will be available in the Free Task queue.

      Impacted Process:
      1. Export Documentary Collection Booking Update
      2. Export Documentary Collection Booking Update – Islamic
    • MT 412 Advice of Acceptance

      On upload of MT412 below process flows will get triggered and the task will be available in the Free Task queue.

      Impacted Process:
      1. Export Documentary Collection Booking Update
      2. Export Documentary Collection Booking Update – Islamic
    • MT 400 Advice of Payment

      On upload of MT400 below process flows will get triggered and the task will be available in the Free Task queue.

      Impacted Process:
      1. Export Documentary Collection Booking Update
      2. Export Documentary Collection Booking Update – Islamic

Parent topic: Enhancements