Jenith Kumar
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Recent activity by Jenith Kumar-
How to Handle Late Payment in DOKA for Import L/C?
Transaction BRTLAT is used to enter the late payment of the equivalent document amount by debiting the account of the applicant. In rare cases it is possible that the issuing bank has to pay under...
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How to Attach an Incoming Message in Import L/C?
Incoming message can be attached to a specific contract using transaction LITATT without further processing. This transaction is used to assign an incoming message to a contract. In this transact...
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How to get Liability Approval for Import LC Amendment ?
Transaction LITAMR is used to create a liability approval for an amendment. Incase if the amendment is related to increase of LC amount or increase in Expiry date, it will have impact in Liabilit...
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How to add Special payment condition for Beneficiary and Bank?
During SR2018 changes SWIFT introduced new 2 tags in MT700 message namely, Field 49G: Special Payment Conditions for Beneficiary - This field specifies special payment conditions applicable to ...
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Usage of Codewords ADD/DELETE/REPALL In Incoming Message?
When processing an incoming electronic message, such as SWIFT MT707, the content of the tag will be mapped directly into the contract fields while recognizing the codeword set for the field. A star...
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Usage of Codewords ADD/DELETE/REPALL In outgoing Message?
Starting with SWIFT 2018 Release, the codewords ADD, DELETE and REPALL are introduced for the long text fields such as goods description, documents required and additional conditions under L/C. In ...
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Handling of Import LC Amendments?
Amendments are handled in the Amendment transaction or the Request of Amendment transaction of the business module. In general, any field that is enabled on the panel can be amended. When saving t...
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Usage of Common Messages
Transactions for common messages are available for all business sectors and cover: Free format messages Request for cancelation of a SWIFT message Queries and answers Acknowledgments Anci...
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How to Send Cancellation Request in Import LC?
If Applicant wishes to cancel the Letter of credit he can initiate the cancellation request via LITRAM (Request for Amendment). In outgoing MT707 Amendment message tag 23S will carry the value "C...
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How to advise Export Request of Amendment?
Transaction LETRAM This transaction is used to request any type of amendment of an export L/C from the issuing bank. In “Requesting an Amendment of an Export L/C” the contract data are not store...