Each respective amendment transaction is auto registered in all amendment requesting transactions. After receiving approval, the registered process can be taken up and the actual change can be carried out in the Amending a Reimbursement transaction.

When the reimbursing bank receives an amendment to the original reimbursement authorization from the issuing bank, this transaction RMTAME is used.

Each respective amendment transaction is auto registered in all amendment requesting transactions. After receiving approval, the registered process can be taken up and the actual change can be carried out in the Amending a Reimbursement transaction.

An amendment to the reimbursement authorization can become necessary when the letter of credit has been amended in such way that the changes also affect the reimbursement authorization, such as an amendment of the L/C amount.

On the 'Overview' Panel, a checkbox determines whether the contract is 'subject to Article 7 of the Uniform Rules of Bank-to-Bank Reimbursements under Documentary Credits', or not. The information is stored in the database and is available for reimbursement claims. The checkbox can only be checked if the option 'URR Latest Version' is set in combo box 'Applicable Rules' (in this case the checkbox will be checked automatically).

If the checkbox is unchecked (contract is not subject to Article 7 of URR (Latest Version), the expiry date of the reimbursement authorization must be entered. Receipt of a reimbursement claim after expiry can only be honored given the appropriate authorization from the issuing bank.

If the checkbox is checked (contract is subject to Article 7 of URR (Latest Version)), the expiry date does not have to be take into account as the reimbursement instructions are still valid, even beyond the expiry date has passed.

An amendment of a reimbursement authorization can be sent as a MT747 message from the issuing bank to the reimbursement 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.