1 / 22

Islamic Letters of Credit: Secure International Trade Instrument

Learn about the functional and operational features of Islamic Letters of Credit (LCs), their common events, standard advices, and standard reports. LCs are a secure method of payment for sellers in international trade, and are an important profit-earning service for banks.

danielv
Download Presentation

Islamic Letters of Credit: Secure International Trade Instrument

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. APACK 14.2.0.0.0Islamic Letters of Credit

  2. APACK 14.2.0.0.0– LI • Contents • Introduction. • Functional / Operations features. • Common Events. • Standard advices. • Standard Reports.

  3. APACK 14.2.0.0.0 – LI • Introduction • A Letter of Credit as an instrument of international trade is one of the most secure methods for a seller to be paid. • Besides credit risk considerations, LCs is the customary business practice for long distance trade and a particularly important profit earning service for any bank.

  4. APACK 14.2.0.0.0 – LI Functional / Operations features • Issuing Islamic Letter of Credit/Guarantee • Sight and Usance Islamic LCs • Revolving & Non – Revolving Islamic LCs • Marking acknowledgment on receipt of Documentary Credit • Manual Availment • Revolve by Time/Value • Generation of Advices and Messages • Amendment Confirmation

  5. APACK 14.2.0.0.0 – LI Functional / Operations features • Reversal of Availment • Contract Reversal • Pre closure of Islamic LCs • Pre advice of import and export Islamic LCs • Support for shipping Guarantees • Support for Standby Islamic LC’s • Linkage of Accounts and creation of amount block

  6. APACK 14.2.0.0.0 – LI Functional / Operations features • Processing of Islamic Back to back LCs • Transfer of Islamic LCs • Collection of cash collaterals • Transfer of Cash collaterals from Islamic LC to Islamic Bills • Tracking of Limits and Collaterals • Auto creation of Loans for Cash collateral • FIFO/LIFO methods for profit calculation

  7. APACK 14.2.0.0.0 – LI Common Events

  8. APACK 14.2.0.0.0 – LI Common Events

  9. APACK 14.2.0.0.0 – LI Common Events

  10. APACK 14.2.0.0.0 – LI Standard Advices

  11. APACK 14.2.0.0.0 – LI Standard Advices

  12. APACK 14.2.0.0.0 – LI Standard Advices

  13. APACK 14.2.0.0.0 – LI Standard Advices

  14. APACK 14.2.0.0.0 – LI Standard Advices

  15. APACK 14.2.0.0.0 – LI Standard Advices

  16. APACK 14.2.0.0.0 – LI Standard Advices

  17. APACK 14.2.0.0.0 – LI Standard Advices

  18. APACK 14.2.0.0.0 – LI Standard Reports • LCs due to be closed report • LCs due to expire report • Open ended LCs • Un-replied tracers report • Process exception report • List of Overrides • Expired LCs with O/S balance report

  19. APACK 14.2.0.0.0 – LI Standard Reports • Accrual control report • Closed out LCs report • Confirmed LCs report • Daily activity report

More Related