The Transferring a Party refers to the obligation that is been transferred from one party to another party including the rebooking of liability.  The Liability is booked out of the account of the Old party and will be booked in of the account of the New Party.

The fees for the Old party is stored in Pool and will be settled through the corresponding fee settlement transaction LETFEE before transferred to the new party. Temporary settlements will also be transferred to the new party after selecting the new party.

In case the new party is not to be debited with fees settled with temporary settlements, the temporary settlement has to be settled with the previous party, before transferring to the new party.

To transfer the Issuing Bank in the Export L/C contract, LETTRF transaction is used.

Select it from the menu item[Export Products -> Export L/C -> Other -> Transfer Issuing Bank].

(Users can directly start this transaction by clicking the  (Launch transaction ) available in the Panel headline without having to select the relevant menu)

When you have made your changes, click on the ( )  Save function to save all the the data entered in the transaction to the database.

This transaction creates an auto-registration for Transaction BETTRF if an unclosed subcontract is available.