Manikandan Narayanan
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Articles
Recent activity by Manikandan Narayanan-
Settle Usance Documents at Maturity under Import Collections
In case of Usance Collection, the documents are accepted in BCTPAY transaction but a final settlement at maturity takes place in the transaction 'Settle Usance Documents at Maturity'. To Settle u...
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Accept and Settle Documents under Import Collections
When the document sets are received under the Import Collections , further handling is done in the below ways, To only send the documents without settling that have been presented and checked. T...
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Sending Tracer / Advice of Fate under Collections
A Tracer message is used to enquire about the fate of documents sent for collection. The Remitting bank sends the MT420 Tracer to the Collecting bank and request the drawee about the status of the ...
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Rejecting Documents under Import Collections
The collecting bank act as the remitting bank's agent and clearly follows the instructions on the remitting bank's covering schedule and delivers the documents to the importer. There is a chance ...
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Advising Documents in 2nd Mail under a Import Collections
On receipt of the remitting bank’s collection instruction and the documents, the collecting bank will examine what has been received, check the schedule of instructions it has been given, and make ...
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Liability Adjustment in Import Collections
The 'Liability Adjustment' is to adjust the internal entries on the Liability Panel for the Import Collection contracts. The Booking amount field changes the Liability amount without creation of a...
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Amending in Import Collections
'Amending' is to make any kind of change to the Collections. These changes may include amount or validity changes, or changes to other terms and conditions. Any change made to the contract is assig...
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Advising Documents in Import Collections
On receipt of the remitting bank’s collection instruction and the documents, the collecting bank will examine what has been received, check the schedule of instructions it has been given, and mak...
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Closing the Transfer L/C
The Created Transfer L/C contract can be closed at any time for several reasons. To close the transfer L/C, LTTCAN transaction is used. Select it from the menu item [Export Products ->Transf...
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Closing Transfer Documents
A document set under an Transfer L/C, can be closed at any time for several reasons. For Closing Transfer LC document set, there should be an existing set of documents under a transfer L/C, that i...