Manikandan Narayanan
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Articles
Recent activity by Manikandan Narayanan-
How to send Common Messages in Guarantees?
The common messages are allowed in the System to send the messages to the Contract Parties or to another freely selectable address. The type of the message is to be selected by the user and send ...
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What is Pre-Opening of a draft Guarantee/Standby? How to Create a Draft/Pre-advice in Guarantees?
The 'Pre-opening of draft' is not actually the final set of Guarantee created as this contains only the draft version that is used for discussion in the contractual negotiations between the parties...
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Transferring the Liability Party in the Guarantees
The 'Transfer of the Liability party' means the obligation is transferred from one party to another party. The Liability is completely moved to the entered new party(Applicant) and the old party(Ap...
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What are Placeholders? How this Placeholders are used in the Undertaking texts?
The 'Placeholders' are the temporary characters that are used as a substitute for final data. The Guarantee texts are defined with the technical placeholders that represents to some allocated field...
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Settle charges in Guarantees
The system allows the user to manually settle fees and commissions independently outside the transaction and the Rebooking is made during the Settlement of Fees. To Settle charges in Guarantee con...
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Liability Adjustment in Guarantees
The 'Liability Adjustment' is to adjust the internal entries on the Liability Panel for the Guarantee contracts. The Booking amount field changes the Liability amount without creation of new Amendm...
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Re-Opening a Closed Guarantee
There is a Possibility to reactivate a closed Guarantee contract in the System in order to process other transactions. The closing date of the contract is deleted after reactivating the Guarantee. ...
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Internal Amendment in Guarantees
The 'Internal Amendment' refers to the modifications carried out in the transaction details without impacting the terms and conditions of the Guarantee contract. Application allows various types ...
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How to Cancel/Close a Guarantees/Standby LCs?
The Created Open Guarantee contract can be closed at any time for several reasons. The Reason for Cancelation is the reason notified to the parties for the Guarantee cancellation. The below reasons...
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How to Reject a Guarantee Claim?
The registered claim under a guarantee contract is rejected with valid reason of Rejection. All the parties under the contract to be notified with the rejection and closes the claim. To Reject a ...