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Efficient LC Operations - A Comprehensive Solution for International Trade

APACK 14.2.0.0.0 - LC offers a secure method for sellers to be paid and is crucial for long-distance trade. Explore its functional features, common events, standard advices, and reports.

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Efficient LC Operations - A Comprehensive Solution for International Trade

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  1. APACK 14.2.0.0.0Letters of Credit

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

  3. APACK 14.2.0.0.0 – LC • 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 commission earning service for any bank.

  4. APACK 14.2.0.0.0 – LC Functional / Operations features • Issuing Letter of Credit/Guarantee • Marking acknowledgment on receipt of Documentary Credit • Manual Availment • Revolve by Time/Value • Generation of Advices and Messages • Amendment Confirmation • Guarantee Claim and Claim Settlement in Guarantee Contracts

  5. APACK 14.2.0.0.0 – LC Functional / Operations features • Reversal of Availment • Liquidation of Commission/Charges/Tax • Contract Reversal • Pre closure of LCs • Pre advice of import and export LCs • Support for shipping Guarantees.

  6. APACK 14.2.0.0.0 – LC Functional / Operations features • Processing of Back to back LCs • Transfer of LCs • Collection of cash collaterals • Transfer of Cash collaterals from LC to Bills • Tracking of Limits and Collaterals. • Movement of Charges from LC to Bills

  7. APACK 14.2.0.0.0 – LC Functional / Operations features • Movement of Charges/Commission to LQ module • Auto creation of Loans for Cash collateral • FIFO/LIFO methods for commission calculation • Support for Standby LC’s • Brokerage • Linkage of Accounts and creation of amount block • Support for Sanction check

  8. APACK 14.2.0.0.0 – LC Common Events

  9. APACK 14.2.0.0.0 – LC Common Events

  10. APACK 14.2.0.0.0 – LC Common Events

  11. APACK 14.2.0.0.0 – LC Standard Advices

  12. APACK 14.2.0.0.0 – LC Standard Advices

  13. APACK 14.2.0.0.0 – LC Standard Advices

  14. APACK 14.2.0.0.0 – LC Standard Advices

  15. APACK 14.2.0.0.0 – LC Standard Advices

  16. APACK 14.2.0.0.0 – LC Standard Advices

  17. APACK 14.2.0.0.0 – LC Standard Advices

  18. APACK 14.2.0.0.0 – LC Standard Advices

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

  20. APACK 14.2.0.0.0 – LC 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

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