A 'Transferred credit' means a credit that has been made available by the transferring bank to a second beneficiary.
Transferring bank means a nominated bank that transfers the credit or, in a credit available with any bank, a bank that is specifically authorized by the issuing bank to transfer and that transfers the credit to the second beneficiary at the request of the first beneficiary.
So the Presentation of documents by or on behalf of a second beneficiary must be made to the transferring bank.
When the documents are presented by the second beneficiary under the Transfer L/C, the received data are entered with the relevant transaction LTTDCK.
Select it from the menu item[Export Products -> Transfer L/C -> Transfer LC-> Receive Docs from 2nd Ben].
(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.
Comments
0 comments
Please sign in to leave a comment.