Import LC Issuance User Manual
Contents
1. Prey Remarks Remarks LAudit Outcome Outcome If sufficient limits are not approved select Limit Not approved from the drop down list adjoining Outcome The system will move the task to the stage Notify the customer of the negative status of limits If limit details are found to be acceptable select Limit Approved from the drop down list and save the record The system will move the task to the next stage Input Details of Import LC Choose Save from the Actions menu or click save icon to save the record Notify prospect customer on negative status of limit Users belonging to the user role CCSEROLE Corporate Customer Service Executive can perform these activities If you have required rights you can acquire this task from your task list and process it further 1 10 ORACLE Contract Details Workflow Reference Priority LC Details lt _ A _A9n_ac 44 gt 9 o1 la l lo Customer Information Product Code Customer Product Type Customer Name Currency Contract Amount Expiry Date Deliver Dispatch of Advice Line 1 Line 2 Line 3 Line 4 Customer Information Frey Remarks Remarks L Audit Outcome The system displays all details captured in the Receive and Verify screen Additionally you can specify the following details Deliver Dispatch of Advice In case the prospect customer does not clear adhoc limit checks you can terminate the import LC ope2. 2 1 ORACLE ORACLE Import LC Issuance May 2011 Version 11 3 Oracle Corporation World Headquarters 500 Oracle Parkway Redwood Shores CA 94065 U S A Worldwide Inquiries Phone 1 650 506 7000 Fax 1 650 506 7200 www oracle com financial_ services Copyright 2011 Oracle Financial Services Software Limited All rights reserved No part of this work may be reproduced stored in a retrieval system adopted or transmitted in any form or by any means electronic mechanical photographic graphic optic recording or otherwise translated in any language or computer language without the prior written permission of Oracle Financial Services Software Limited Due care has been taken to make this document and accompanying software package as accurate as possible However Oracle Financial Services Software Limited makes no representation or warranties with respect to the contents hereof and shall not be responsible for any loss or damage caused to the user by the direct or indirect use of this document and the accompanying Software System Furthermore Oracle Financial Services Software Limited reserves the right to alter modify or otherwise change in any manner the content hereof without obligation of Oracle Financial Services Software Limited to notify any person of such revision or changes All company and product names are trademarks of the respective companies with which they are associated
3. Product Code Product Type Customer Customer Name Currency Contract Amount Expiry Date Deliver Dispatch of Advice Line 1 Line 2 Line 3 Line 4 Documents Customer mormaton umts Prev Remarks LAuait Remarks Outcome In this screen you can view the transaction and the customer details After intimating the customer about the failed AML checks you can terminate the LC initiation process Step 9 Arrange Term Deposit Users belonging to the user role TFEROLE Trade Finance Executive can perform these activities If task is marked as Margin money applicable in Input LC stage then a term deposit has to be arranged for the process to proceed further Contract Details Workflow Reference Product Code Product Description Product Type Main Preferences Parties Shipment Documents LC Details Currency Contract Amount Positive Tolerance Negative Tolerance Max Amount Liability Tolerance Liability Amount Tolerance Text Priority Contract Reference User Reference Source Reference Tracers Advices Customer Customer Name Party Type Dated Customer Reference License Expiry Date Remarks Margin Money Applicable Operation Code Source Code FLEXCUBE Of gt Issue Date Effective Date Tenor Expiry Date Expiry Place Closure Date Stop Date L petault Credit Available With Details Amount Liability Back To Back LC Other Detai
4. Amount Amount Stop Date Tolerance Text Liability Guarantee Details Credit Available With Type of guarantee Details Guarantee Revolving Detail Revolves in Automatic Reinstatement Remarks Units Cumulative Frequency Next Reinstatement Date Loan for Collateral Partial Closure Reimbursement Undertaking Undertaking Expiry Date Availed Undertaking Undertaking Amount Amount Status User Defined Status Derived Status Maker Date Time Status Authorization Status Checker Date Time Step 11 Store Document Reference The document details captured in the Input LC Details stage are saved in Oracle FLEXCUBE database In case of business errors the system creates a human task to retry the save operation Step 12 Store Documents Users belonging to the user role TFEROLE Trade Finance Executive can perform these activities The system creates a task to display primary customer name customer number and account number in the Document Storage Details screen This screen allows you to capture document storage details and the details of the documents stored 1 28 ORACLE Store Documents Workflow Reference Priority Low v Customer Information Customer Name SANTOSH Customer No 1111488 Account Details Account Number 355181 Storage Details Date Of Storage Time Of Storage POSTLUNCH Place Of Storage DD Storage Ref Number 567823 In this screen the following informatio
5. Credit Available With Amount Details Liability Back To Back LC Other Details Type of guarantee INCO Term Applicable Rule Guarantee INCO Description Rule Narrative Brants Commission charges Settement Tax Coateral Evens Linkage Dears Feds rms Lite customer inormaton Document Prev Remarks Remarks Audit Outcome Here the system displays all details captured in the Input Details of Import LC stage You can verify them You can navigate to all tabs and verify the data that has been entered or corrected Outcome If the details are acceptable select Proceed from the adjoining drop down list and save the record The system will update the status of this stage as Verification Successful and move the task to the AML Check stage If the details are incorrect or insufficient select Reject from the adjoining drop down list and save the record The system will update the status of this stage as Verification Failed and move the task to the Modify details of import LC stage Remarks If verification is a failure you need specify remarks stating the reason for failure Step 6 Modify Details of Import LC Users belonging to the user role TFEROLE Trade Finance Executive can perform these activities If you have required rights you can acquire this task from your task list and process it further 1 13 ORACLE Workflow Reference Product Code Product Description Product
6. Type Main Preferences Parties LC Details Currency Contract Amount Positive Tolerance Negative Tolerance Max Amount Liability Tolerance Liability Tolerance Text Amount Other Details Type of guarantee Guarantee Priority Contract Reference User Reference Source Reference Shipment Documents Tracers Advices Customer Customer Name Party Type Dated Customer Reference License Expiry Date Remarks Credit Available With Details INCO Term INCO Description Operation Code Source Code FLEXCUBE La Of bb Margin Money Applicable Issue Date Effective Date Tenor Expiry Date Expiry Place Closure Date Stop Date Amount Liability Back To Back LC Applicable Rule Rule Narrative Brants Commission charges sttement Tax cotateral Events Lnkage betas Feds rns Lite Customer ivormaton Document Prev Remarks Remarks LAugit Outcome You can modify the required details in this screen Outcome Select Proceed from the adjoining drop down list and save the record The task will move to the Verify Details of Import LC stage In that stage if it gets verified successfully it will move to the AML Check stage Step 7 AML checks This process includes checks like SDN check internal blacklist check contact details verification etc The LC is created only when the customer passes all these checks In case of non clearance of an
7. next activity Obtain Additional Information Users belonging to the user role CEROLE Compliance Executive can perform these activities Go to the pending list in the system The system displays all the pending activities Click Acquire button adjoining the Obtain Additional Information task to acquire it The following screen is displayed D information Message Information Message D The Task was successfully Acquired If you have requisite rights double click on the task in your Assigned task list and invoke the following screen 1 25 ORACLE Contract Details Workflow Reference Product Code Product Description Product Type Main Preferences Parties LC Details Currency Contract Amount Positive Tolerance Negative Tolerance Max Amount Liability Tolerance Liability Amount Tolerance Text Priority Contract Reference User Reference Source Reference Shipment Documents Tracers Advices Customer Customer Name Party Type Dated Customer Reference License Expiry Date Remarks Operation Code Source Code a Of Lp Margin Money Applicable Issue Date Effective Date Tenor Expiry Date Expiry Place Closure Date Stop Date FLEXCUBE Credit Available With Details Amount Liability Back To Back LC Other Details Type of guarantee Guarantee INCO Term INCO Description Applicable Rule Rule Narrative rats commissio
8. CUBE Of Ce LC Details Currency Contract Amount Positive Tolerance Negative Tolerance Max Amount Liability Tolerance Liability Amount Tolerance Text Customer Customer Name Party Type Dated Customer Reference License Expiry Date Remarks Issue Date Effective Date Tenor Expiry Date Expiry Place Closure Date Stop Date Credit Available With Details Amount Liability Back To Back LC Other Details Type of guarantee Guarantee INCO Term INCO Description Applicable Rule Rule Narrative brats Commission Charges ssttement tax Conaterai Events Linkage Deians Feds ms Limits Customer information Documents Prev Remarks Remarks LAuait Outcome In this screen you can view and verify the LC details After verifying the details select the outcome as Satisfactory and save the record by clicking the save icon in the tool bar If transaction details are incorrect or insufficient select the outcome as NotSatisfactory and save the record by clicking the save icon in the tool bar The following screen will be displayed 1 24 ORACLE 7 8 w Information Message Information Message D The task is completed successfully The task moves to Obtain Additional Information stage Click Ok button You will be taken back to the Verify Transaction Details screen Click Exit button to exit the screen The task is then moved to the
9. Import LC Issuance Oracle FLEXCUBE Universal Banking Release 11 3 0 May 2011 Oracle Part Number E51535 01 ORACLE FINANCIAL SERVICES ORACLE Import LC Issuance Table of Contents L IMPORFLECSSUCANCE na 1 1 1 1 INR OG TOI PORRO RR SIA IT 1 1 l2 STAGESININPORFECISSUANCE lira rioni i 1 1 Ds SCREEN GLOS ARY oroni A E A A 2 1 21 NINE PER RAEE II 2 1 1 1 1 2 1 Import LC Issuance Introduction An Import LC issuance is providing a letter of credit to a customer to issue advice or confirm a letter of credit for a trade transaction Your bank thus verifies the customer limit to enable the transaction After compliance checks and validations are performed your bank requests an acceptance instruction from your customer The customer may accept the data entry and may ask your bank to include further details which if acceptable are included in the LC transaction If the customer modifications are not acceptable to the bank the same can be communicated to the customer and the record may be consequently deleted Stages in Import LC Issuance In Oracle FLEXCUBE the process for issuing an import LC is governed by several user roles created to perform different tasks At every stage the users with requisite rights need to fetch the relevant transactions from their task lists and act upon them Similarly at different times the system will make calls to certain web services to process the transaction This process is
10. blacklisted customers you can report it to the internal authorities of the bank You can continue with the process of creating LC only when the customer passes these checks gt Information Message lt gt The task is completed successfully Select the outcome as PROCEED and save the record by clicking the save icon in the tool bar The following screen will be displayed 1 21 ORACLE 7 6 information Message D The taskis completed successfully Click Ok button You will be taken back to the Blacklist Checks screen Click Exit button to exit the screen The task is then moved to the next activity Verify Customer Prospect Contact Details Users belonging to the user role CEROLE Compliance Executive can perform these activities Go to the pending list in the system The system displays all the pending activities Click Acquire button adjoining the Verify Customer Prospect Contact Details task to acquire it The following screen is displayed information Message lt gt The task is completed successfully If you have requisite rights double click on the task in your Assigned task list and invoke the following screen 1 22 ORACLE T T Workflow Reference Product Code Product Description Product Type Main Preferences Parties Priority Contract Reference User Reference Source Reference Shipment Documents Tracers Advices Margin Money Applicabl
11. composed of the following stages 1 Receive and verify LC import opening form and other documents Retrieve customer limit details and check for limit approval Notify prospect customer on negative status of limit Input details of LC import issuance 2 3 4 5 Verify details of LC import issuance 6 Modify details of LC import issuance 7 Sub process AML checks 8 Notify prospect customer on negative status of AML checks 9 Arrange term deposit 10 Create LC import in Oracle FLEXCUBE 11 Store document reference in Oracle FLEXCUBE 12 Store documents Only users who have procured the relevant access rights can perform activities under a stage la ORACLE ee Document Obtain missing missing Result of document det verification Verification successful Verify Successful AML Check SubProcess No Successful argin Money Applicable Limit Approved aes Yes Legend i Computer Aided Human Task System Task Human Task Step 1 Receive and Verify Documents Users belonging to the user role CCSEROLE Corporate Customer Service Executive can perform these activities The bank receives the required documents from the customer for issuing an import LC If you have the required access rights you can capture document details using the Receive and Verify screen To invoke this
12. ct the appropriate currency from the adjoining option list This list displays all the valid currency codes maintained in the system Contract Amount Specify the amount for which the LC should be issued Customer Information You can capture the following details Customer Specify a valid customer number CIF for whom the LC should be issued You can also select the appropriate CIF from the adjoining option list The list displays all valid customers maintained in the system Customer Name The name of the selected customer is displayed here Capturing Document Details Click Documents button and invoke the Document Upload screen Document Upload Document Upload 1of1 lial Iv Document i Document Type Document Reference Upload wew o B d Lil Log view Here you need to specify the following details 1 4 ORACLE Document Category Specify the category of the document to be uploaded The adjoining option list displays all valid document categories maintained in the system You can select the appropriate one Document Type Specify the type of document that is to be uploaded The adjoining option list displays all valid document types maintained in the system You can select the appropriate one Document Ref Number The document reference number is displayed on clicking Upload button Document Path Specify the directory location from where the document has to be uploaded Click Browse b
13. e Operation Code Source Code FLEXCUBE Of gt LC Details Currency Contract Amount Positive Tolerance Negative Tolerance Max Amount Liability Tolerance Liability Amount Tolerance Text Customer Customer Name Party Type Dated Customer Reference License Expiry Date Remarks Issue Date Effective Date Tenor Expiry Date Expiry Place Closure Date Stop Date Credit Available With Details Amount Liability Back To Back LC Other Details Type of guarantee Guarantee INCO Term INCO Description Applicable Rule Rule Narrative brats Commission charges settement Tax colatral Events Linkage osta Fieras iS Limits customer iormatton document Prev Remarks Remarks Lauar Outcome In this screen you can view the applicant s details As per the bank s mandated policy you will have to perform the customer identification check This involves verification of customer address phone number etc You can enter the outcome of various stages in the Audit block for the verifier to make a decision After verification select the outcome as PROCEED and save the record by clicking the save icon in the tool bar The following screen will be displayed information Message D The taskis completed successfully You can continue with the process of creating LC only when the customer passes these checks Select the outcome as PASSED and save the record by c
14. e Priority LC Details T ______ Customer Information Product Code Customer Product Type Customer Name i my OK Currency SON Check Details Contract Amount rif Expiry Date SDN Result Customer Information Internal Blacklist Check Prey Remarks Remarks LAudit Quicome on ORACLE TA In this screen you can view the applicant s details In case of a positive SDN match the bank informs the regulatory agency OFAC or any other similar agency about the SDN match of the prospect customer However if the match is cleared you can continue with the subsequent AML checks Select the outcome as NO MATCH and save the record by clicking the save icon in the tool bar Select the outcome as MATCH and save the record by clicking the save icon in the tool bar to move the task to Inform Regulatory Internal authorities on AML checks failure The following screen will be displayed gt Information Message Information Message D The taskis completed successfully Click Ok button You will be taken back to the Verify Partial Match screen Click Exit button to exit the screen The task is then moved to the next activity Inform Regulatory Internal authorities on AML checks failure In case of a positive SDN match the bank informs the regulatory agency OFAC or any other similar agency about the SDN match of the prospect customer The bank may also inform its internal author
15. eck task to acquire it The following screen is displayed a fg Information Message Information Message D The Task was successfully Acquired If you have requisite rights double click on the task in your Assigned task list and invoke the following screen Contract Details Workflow Reference Priority LE Details A AMHH Customer Information Product Code Customer Product Type Customer Name y Currency SDN Check Details Contract Amount Lu 7 Expiry Date SDN Result Customer Information Internal Blacklist Check Prey Remarks Remarks L Audit Outcome Click BlackList Check button to invoke Blacklist Check screen As a verifier you will be able to update only remarks in this stage 1 20 ORACLE Internal Blacklist Checks Workflow Reference 3 Priority Low Account Details Customer Information Account Number Customer Mo Description Full Mame Currency Existing Customer Account Class Type Corporate Bank SWIFT Code Main Corporate Directors Registration Address Description of Business Line 1 Line 2 Line 3 Country Mame National Id Incorporation Date Capital Met vvorth Country Currency of Amounts Documents Internal Blacklist Check Prey Remarks Remarks Qutcome In this screen you can view the applicants details If the applicant s name is listed in the bank s internal list of global
16. er 1 7 ORACLE Task List itn iis itil Reassign Page 1 of 1 Jump to page l Assignee Customer Bi ImporttLCProcessFlowi 617 _ Receive and CCSEROLE ALLROLES 2005 04 07 Verity LE 17 00 46 Import SMT 05 30 ImporttLCProcessFloy1 715 _ Receive and CCSEROLE amp LLROLES 2009 04 08 Verity LO 17 02 02 Import GRMT 05 30 Import CProcessFlowd1 oa _ Receive and COSEROLE amp LLROLES 2009 04 11 Verify LE 11 47 19 Import GRMT 05 30 ImportLOFrocessFlo 994 Receive and COSEROLE ALLROLES 2009 04 13 T Workflow Ref Number Title Assignee Group AMOUNT Created Date Priority Product Users Mame Action Time Pickup Time User ld User Mame ai Action Code i Action Desc BRANCH Remarks Select the required task and click Acquire button to acquire it The system will display the following screen Contract Details Workflow Reference Priority LC Details rr r Customer Information Product Code Customer Product Description Customer Name Product Type Currency Contract Amount Expiry Date Customer Information Prey Remarks Remarks Audit Outcome The system displays all details captured in the previous stage However you can modify them Additionally you can also check limits details of the customer Click Limits button and invo
17. er inormaton Documents Prev Remarks Remarks Outcome The system displays all details captured in the Receive and Verify screen You can further specify required details to initiate an import LC This screen is identical to the Letters of Credit Contract Input screen Refer the chapter titled Processing a LC Contract in the Letter of Credit User Manual for further details about the fields tabs and buttons in the screen Outcome After specifying all required details select Proceed from the adjoining drop down list and save the record Step 5 Verify Details of Import LC Users belonging to the user role TFMROLE Trade Finance Manager can perform these activities If you have required rights you can acquire this task from your task list and process it further 1 12 ORACLE Contract Details Workflow Reference Priority Product Code Contract Reference Operation Code User Reference Source Code FLEXCUBE Source Reference La of e Margin Money Applicable Product Description Product Type Main Preferences Parties Shipment Documents Tracers Advices LC Details Currency Customer Issue Date Contract Amount Customer Name Effective Date Positive Tolerance Party Type Tenor Negative Tolerance Dated Expiry Date Max Amount Customer Reference Expiry Place Liability Tolerance License Expiry Date Closure Date Liability Amount Remarks Stop Date Tolerance Text L defautt
18. in the Receive and Verify screen Full Name The system displays customer name based on the customer identification number CIF specified in the Receive and Verify screen 1 6 ORACLE Existing Customer If the LC customer is an existing customer the system will check this box Customer Information If the customer is an existing customer the system will display the following details based on the existing maintenance e Address e Permanent Address Line 1 2 and 3 e Telephone e Mobile Number e E mail Click OK button to return to the Receive and Verify screen Outcome If documents are missing select DOCMISSING from the adjoining drop down list If everything is found acceptable select Proceed from the adjoining drop down list Remarks Specify remarks if you have chosen any outcome other than Proceed Choose Save from the Actions menu or click save icon to save the record The system will display the following message on successful creation of the record gt Information Message Information Message D The task is completed successtully The VYorkFlow Reference Number is ImnpotLCFrocessFlow 2006 Step 2 Retrieve Limit Details and Check for Limit Approval Users belonging to the user role CCSEROLE Corporate Customer Service Executive can perform these activities If you have required rights you can acquire this task from your task list and process it furth
19. ities in case of positive SDN match and or if the prospect customer is blacklisted internally Users belonging to the user role ROHROLE Risk and Control Head can perform these activities Contract Details Workflow Reference Priority Product Code Contract Reference Operation Code a User Reference S nica YO Product Description Source Code FLEXCUBE Source Reference Product Type a Of Lb Margin Money Applicable Main Preferences Parties Shipment Documents Tracers Advices LC Details Currency Customer Issue Date Contract Amount Customer Name Effective Date Positive Tolerance Party Type Tenor Negative Tolerance Dated Expiry Date Max Amount Customer Reference Expiry Place Liability Tolerance License Expiry Date Closure Date Liability Amount Remarks Stop Date Tolerance Text Credit Available With Amount Details Liability Back To Back LC Other Details Type of guarantee INCO Term Applicable Rule Guarantee INCO Description Rule Narrative brats Commission charges setement Tax cotatra Evens Linkage bears Figs NS tits Customer inormaton Document Prev Remarks Remarks Audit Outcome 1 19 ORACLE 7 5 Internal Blacklist Check Users belonging to the user role CEROLE Compliance Executive can perform these activities Go to the pending list in the system The system displays all the pending activities Click Acquire button adjoining the Blacklist Ch
20. ke the following screen n ORACLE Customer Limit Details Liability Number 10f Here you can view the following details e Liability Number e Line Code e Line Serial e Line Sanctioned e Available Limit e Limit Expiry Date Click OK button to return to the Retrieve Customer Limit Details screen Outcome If limits are insufficient for processing an LC select InsufficientLimit from the drop down list adjoining Outcome in the Retrieve Customer Limit Details screen You may then notify the customer of the negative status of limits The system will move the task to the stage Check for limit approval If limit details are found to be acceptable select SufficientLimit from the drop down list and save the record The system will move the task to the next stage Input Details of Import LC Choose Save from the Actions menu or click save icon to save the record Step 3 Check for Limit Approval Users belonging to the user role CCSEROLE Corporate Customer Service Executive can perform these activities If you have required rights you can acquire this task from your task list and process it further 1 9 ORACLE 3 1 Contract Details Workflow Reference Priority LC Details A AD_ r A__H Customer Information Product Code Customer Product Description Customer Name Product Type Currency Contract Amount Expiry Date Customer Information
21. licking the save icon in the tool bar to continue with the subsequent KYC checks Select the outcome as FAILED and save the record by clicking the save icon in the tool bar to move the task to Inform Regulatory Internal authorities on AML checks failure Click Ok button You will be taken back to the Verify Prospect Contact Details screen Click Exit button to exit the screen The task is then moved to the next activity Verify Nature Details of Transaction ORACLE 1 23 The bank may decide whether or not to enter into a relationship with the prospect or to continue relationship in case of an existing customer Users belonging to the user role CMROLE Compliance Manager can perform these activities Go to the pending list in the system The system displays all the pending activities Click Acquire button adjoining the Verify Nature Details of Transaction task to acquire it The following screen is displayed A information Message C gt The task is completed successfully If you have requisite rights double click on the task in your Assigned task list and invoke the following screen Contract Details Workflow Reference Product Code Product Description Product Type Main Preferences Parties Priority Contract Reference User Reference Source Reference Shipment Documents Tracers Advices Margin Money Applicable La Operation Code Source Code FLEX
22. ls Type of guarantee Guarantee INCO Term INCO Description Applicable Rule Rule Narrative Brants Commission charges senteman Tax colatera Events Linkage Deans Fieras wis mts customer intormaton documents Prev Remarks Remarks Lauait Outcome 1 27 ORACLE Once a TD is arranged outside you can select Proceed to Continue with LC issuance Step 10 Create Import LC The data captured in the Input LC Details stage is saved in Oracle FLEXCUBE as a system task after all the validations are successful In case of business errors the system creates a human task to retry the save operation Once saved successfully the contract will be available in the Letters of Credit Contract Input screen You can invoke this screen by typing LCDTRONL in the field at the top right corner of the Application tool bar and click the adjoining arrow Contract Details Product Code E Contract Reference Operation Code User Reference Source Code FLEXCUBE Source Reference Version Number 4 of gt Product Description Product Type Main Preferences Parties Parties Limits Shipment Documents Tracers Advices LC Details Currency Customer Issue Date Contract Amount Customer Name Effective Date Positive Tolerance Party Type Tenor Negative Tolerance Dated Expiry Date Max Amount Customer Reference Expiry Place Liability Tolerance License Expiry Date Closure Date Liability
23. ls Users belonging to the user role CEROLE Compliance Executive can perform these activities Go to the pending list in the system The system displays all the pending activities Click Acquire button adjoining the Sub process AML task to acquire it The following screen is displayed fg Information Message D The Task was successfully Acquired If you have requisite rights double click on the task in your Assigned task list and invoke the following screen Contract Details Workflow Reference LC Details Product Code Product Description Product Type Currency Contract Amount Expiry Date Customer Information Priority Customer Information Customer Customer Name Prey Remarks Remarks Outcome ORACLE 7 2 Click Document button to invoke Document Upload screen As a verifier you can view the uploaded documents Document Upload Document Upload 1of1 l zz Iz ana a Document Type Document Reference Upload view fo id i _ You can view the customer details in this screen If the customer information is complete then select the outcome as Proceed and save the record by clicking save icon in the tool bar The following screen will be displayed I information Message D The task is completed successfully Click Ok button You will be taken back to the Verify Prospect Customer Details screen Click E
24. n charges setement Tax Cotateral Events Lnkags beats Feras Wis Umts Customer nformaton Document Prev Remarks Remarks Lauar Outcome In this screen you can view and verify the LC details After verifying the details select the outcome as Satisfactory and save the record by clicking the save icon in the tool bar to proceed the LC issuance If transaction details are incorrect or insufficient select the outcome as NotSatisfactory and save the record by clicking the save icon in the tool bar to move the task to Inform Regulatory Internal authorities on AML checks failure stage The following screen will be displayed information Message dd The task is completed successfully Click Ok button You will be taken back to the Obtain Additional Information screen Click Exit button to exit the screen The task is then moved to the next activity Step 8 Notify Prospect Customer on Negative Status of AML Checks Users belonging to the user role CCSEROLE Corporate Customer Service Executive can perform these activities 1 26 ORACLE In case a customer does not clear AML checks then you can terminate the LC initiation process after notifying the customer If you have requisite rights double click on the task in your Assigned task list and invoke the following screen Contract Details Workflow Reference Priority LC Details Customer Information
25. n can be stored Workflow Reference The workflow reference number is displayed Priority The priority selected at the first stage is displayed here LC Details The following customer information is displayed e Contract reference number e Customer name e Customer number Storage Details Capture the following storage details in this section Storage Ref Number Specify the storage reference number Place Of Storage Mention the place where the document is stored Date Of Storage Capture the date of storing the documents Time Of Storage Specify the time of storing the documents of the current account Select the action Document Stored in the textbox adjoining the Audit button in this screen and save the record by clicking the save icon in the tool bar The following screen will be displayed 1 29 ORACLE O information Message The task is completed successfully Click Ok button You will be taken back to the Store Documents screen Click Documents button to view the documents stored The following screen is displayed View Documents Document Category i Docment Type Mandatory Document Ret Number 1 30 ORACLE 2 Screen Glossary 2 1 Function ID List The following table lists the function id and the function description of the screens covered as part of this User Manual Function ID Function Description LCDTROO1 Contract Details CCSEROLE Contract Details
26. ning process and notify the prospect accordingly Line 1 to 4 Specify the notification message that should be sent to the customer prospect Outcome Select Proceed from the adjoining drop down list and save the record The task will get terminated after saving the stage Step 4 Input Details of Import LC Users belonging to the user role TFEROLE Trade Finance Executive can perform these activities If you have required rights you can acquire this task from your task list and process it further a ORACLE Contract Details Workflow Reference Priority Product Code Contract Reference Operation Code User Reference PR AY ve Product Description User Reference Source Code FLEXCUBE Source Reference Product Type La Of Db Margin Money Applicable Main Preferences Parties Shipment Documents Tracers Advices LC Details Currency Customer Issue Date Contract Amount Customer Name Effective Date Positive Tolerance Party Type Tenor Negative Tolerance Dated Expiry Date Max Amount Customer Reference Expiry Place Liability Tolerance License Expiry Date Closure Date Liability Amount Remarks Stop Date Tolerance Text fault Credit Available With Amount Details Liability Back To Back LC Other Details Type of guarantee INCO Term Applicable Rule Guarantee INCO Description Rule Narrative Brans commission charges settement Tax Colteral Events Unnage Osta Fieras IS mts Custom
27. screen type LCDTR0O01 in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button The screen is displayed below 1 2 ORACLE Receive amp Verify Workflow Reference Priority Low we LC Details _ 9 3 N NN Customer Information Product Code Lay Customer a JX Product Description Customer Name Product Type Currency TH Expiry Date C B Customer Information Prey Remarks Remarks Outcome Here you can capture the following details Workflow Reference The system generated reference number of the workflow is displayed here This number remains constant till the last stage Priority Select the priority for the task from the adjoining drop down list This list displays the following values e Low e Medium LC Details You can capture the following LC details here Product Specify a valid product to which you want to link the import LC The adjoining option list displays all valid import LC products maintained in the system You can select the appropriate one Description The system displays a brief description of the chosen product Product Type The system displays the product type as Import 1 3 ORACLE 1 1 If you have specified a valid product the system will display the corresponding LC type in this field You will not be able to modify it Currency Specify the currency in which the LC should be issued You can also sele
28. utton to navigate to the desired location After specifying the document path click Upload button to upload documents The system will display the following screen for every successful upload 15 information Message Information Message D Document ID i 991 The system validates the uploaded documents against the allowed list of documents maintained in Documents Checklist Maintenance screen If any mandatory documents are missing it will display an error message QD Error Message Mandatory Field Customer No is Not Input a D Failed to Query ST SAVE If any override documents are missing it will display an override message 1 5 ORACLE A Overrides Web Page Dialog MESSAGE REFERENCE CS DIO0 E Overridable documents maintained for stage but not uploaded 020 confirm Once the documents are uploaded click OK button You will be taken back to the Receive and Verify screen Viewing Customer Details Click Customer Information button in the Receive and Verify screen and invoke the Customer Details screen gt Customer Details Customer Information Customer No 3235 Full Name E Existing Customer Contact Information _____ Feermanent Address Address Line 1 Line 2 Line 3 Country Telephone Mobile Number E mail You can view the following details Customer No The system displays the customer identification number CIF specified
29. xit button to exit the screen The task is then moved to the next activity SDN check In this stage the bank checks the applicant s name for terrorism related black listing against the SDN database maintained by the Office of Foreign Assets Control OFAC In case of a no match the process proceeds In case of a match positive partial you can verify the match again using the OFAC guidelines A system Task is created which invokes the external service to do the SDN check for all new applicants and any existing customers whose information is modified 1 17 ORACLE 7 3 Verify SDN Match The bank checks the applicant s name for terrorism related black listing against the SDN database maintained by the Office of Foreign Assets Control OFAC In case of a no match the process proceeds In case of a match positive partial you can verify the match again using the OFAC guidelines Users belonging to the user role CEROLE Compliance Executive can perform these activities Go to the pending list in the system The system displays all the pending activities Click Acquire button adjoining the Verify SDN Match task to acquire it The following screen is displayed a Information Message Information Message D The Task was successfully Acquired If you have requisite rights double click on the task in your Assigned task list and invoke the following screen Contract Details Workflow Referenc
30. y of the checks the LC initiation process is terminated The bank verifies all the details documents to ensure that the information documents required for AML checks are obtained In case the details captured are incorrect the bank makes the necessary modifications If the verification is successful the bank may proceed to conduct AML checks Once AML checks are carried out the result is passed on to the parent process If any of the checks fail the relevant regulatory internal authorities may be informed Once AML checks are carried out the result is passed on to the parent process The AML check depends upon the regulatory environment within which your bank operates and its internal policies Bank initiates the process of AML for a customer as a part of parent process with all the relevant information in the system This process comprises the following stages e Verify prospect customer details e SDN checks e Verify SDN Match e Inform Regulatory Internal authorities on checks failure e Internal Blacklist check e AML Decision ORACLE atch cleare No SDN check result No match Yes N j Blacklist chec passsed No Verification successful Yes Verification successful No Yes Verification successful 1 15 Legend Computer Aided Human Task System Task a Human Task ORACLE 7 1 Verify prospect customer detai
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