Manikandan Narayanan
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Articles
Recent activity by Manikandan Narayanan-
Liability Adjustment in Import L/C
The 'Liability Adjustment' is to adjust the internal entries on the Liability Panel for the Import L/C contracts. The Booking amount field changes the Liability amount without creation of new Amend...
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Settling Charges in Import L/C Document
The system allows the user to manually settle fees and commissions independently outside the transaction. To Settle charges in Import L/C Document Set contract , BRTFEE transaction is used. Sel...
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Settle Usance Documents at Maturity in Import L/C
A Usance or a Deferred Letter of Credit is also called as Term Letter of Credit. The Letter of credit that is payable at a predetermined or future point following the conditions in the LC being ful...
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Send, Accept and Settle Documents in Import L/C
When the document sets are received under the Import L/C, further handling is done in the below ways, To only send the documents without settling that have been presented and checked. To send an...
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Processing Discrepant Documents in Import L/C
Letters of credit (LC) often do not work out as planned, and this is usually because the documents provided in support of a claim under the letter of credit do not meet the conditions (and so becom...
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Advice of an issued undertaking with/without confirmation (ACNF/ADVI)
This scenario describes a direct issuance by an issuing bank with two advisingbanks in the chain. The first advising Bank (in this scenario is the bank using the Doka system) will send a MT760 mess...
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Standby Letter of Credit
Standby Letter of Credit is a legal document that guarantees a bank's commitment of payment to a seller in the event that the buyer–or the bank's client–defaults on the agreement. The redesigned...
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Commissioning under a Guarantee
The Commission plays a vital role for every transactions. The banks will receive the commission for their service provided on each of the transactions. This commissions are calculated and settled ...
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Assignment of Proceeds in Guarantees
The 'Assignment of Proceeds' means when a beneficiary of a guarantee transfers/assigns all or part of his proceeds(Claim) from a Guarantee to a third-party beneficiary at any time during the term o...
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Editing Reference numbers in the Guarantees
The system allows the user only to add or modify the reference numbers of the parties through this transaction. This further allows to change the responsible user and an info text or settlement ins...