Jenith Kumar
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Articles
Recent activity by Jenith Kumar-
How to Do usance settlement in Export Collections?
In case of Usance Collection, the documents are accepted in BOTPAY transaction but a final settlement at maturity takes place in the transaction 'Settle Usance Documents at Maturity'.(BOTSET) Thi...
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How to Edit references in Export Collection?
This transaction (BOTADD) is used to add or to modify reference numbers of the parties. Furthermore, the responsible user can be changed and an info text or settlement instructions for the contr...
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How to Amend Export Collections?
Any changes done to Export collection can be done through BOTAME Transaction. This transaction is used to enter any kind of amendment to the export collection. Any change made to the contract i...
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How to Process Discrepant documents in Export Collection?
If the collecting bank returns the documents unpaid, indicating that the drawee has rejected (protested) the payment (or some other reason), we are to advise the drawer of this and to reduce the op...
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How to Send Documents in 2nd Mail in Export collection?
If a Exporter already sent set of documents through Send documents (BOTDAV) Transaction and if he wishes to send second set of documents he can utilize the Sending Documents in 2nd Mail (BOTRAD) ...
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Reserving Single Reference Number in DOKA
The user can reserve reference numbers for future contracts via the Pre-Advice/ Pre-Open transactions. If the checkbox “Reserved Contract” is checked, a reference number reservation is concern...
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Sending a Clean Collection in Doka?
This transaction BOTSCC records collection data, compiles the cover letter or collection message and sends it to the collecting bank. Under bilateral agreements, banks need only to send an ele...
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Difference between Clean Collection and Documentary collection
“Clean collection” means collection of Financial documents not accompanied by commercial documents. “Documentary collection” means collection of: > Financial documents accompanied by commercial d...
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Pre-Opening an Export Collection
Transaction BOTPOP is used to pre-advise (or to pre-open) an export collection. If the “Reserved Contract” checkbox is checked, the transaction reserves reference numbers. If the checkbox is un...
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How to initiate Export Collection and Send Documents?
Direct Collection: If Direct Collection tick box is ticked, the documents are sent directly to the drawee (importer) by the issuer (exporter).The bank using the application is instructed to proce...