Import LC Issuance User Manual
Contents
1. Modifications are not allowed after first authorization 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 or ORACLE 1 2 4 Preferences Tab Click Preferences tab to specify the letter of credit preferences Input Details of LC Save fil Hold Application Details pplication Category ORTLC1 Application Date 2013 01 10 Application Status Capture LC Details Product Code TESR Contract Branch 018 Operation Code open A Product Description testing Ic Contract Reference 018TESR130100002 Source Code FLEXCUBE ProductType Import User Reference 18TESR130100002 ViMargin Money Applicable Source Reference 018TESR1301000C Main Parties Parties Limits Shipment Documents Tracers lother Information Issuing Bank Charges Amendments ReimbursementType Currency Amendment Number 0 Charges From Amount lacknowledgement Received Beneficiary Charge From Issuing e Acknowledgement Date E Additional Amounts Covered Issuing Bank Acc e Period For Presentation 21 Issuing Bank Date Issuing Bank Acc Revolving Detail Preferences Revolves Time Units Days v Allow2. If you have requisite rights double click on the task in your Acquired task list and invoke the following screen You can invoke this screen by typing ORDAMLVD in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button AML Customer Verification Save vil Hold Application Details Status VerifyLC Product Code TESR Contract Branch 018 4 Operation Code Open Contract Reference 018TESR130100002 Source Code FLEXCUBE User Reference 018TESR1301000C Margin Money Applicable Source Reference 018TESR1301000C Product Description testing Ic Product Type Import Preferences Parties Parties Limits Shipment Documents Tracers Advices ILC Details Currency GBP Customer 018005701 Issue Date 2013 01 10 Contract Amount CustomerName Shobnaa Effective Date 2013 01 10 Positive Tolerance Party Type APP Tenor 1D Negative Tolerance Dated Expiry Date 2013 01 11 Max Amount 1 000 00 Customer Reference ExpiryPlace Liability Tolerance 0 00 License Expiry Date Tauto Closure Liability Amount 1 000 00 Remarks Closure Date 2013 02 10 Tolerance Text None Stop Date 2013 01 11 Default Pre Advice Type Straight Amount 1 000 00 Pre Advice Date Mode Sight Payment Liability 1 000 00 Credit Available With n Back To Back LC Details Reference To Pre advice Other Details Type of guarantee INCO Term Applicable Rule EUCP LATEST VERSIO Guarantee z INC
3. completed successfully The Workflow Reference Number is ImportLCProcessFlow5502 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 New Document Verification Document Code Document Description 13 Viewing Import Export LC Origination Template After saving the LC process you can query the existing details using Import Export LC Origination Template screen 1 33 ORACLE You can this screen by typing ORDLCTEM at the top right corner of the Application Toolbar and clicking on the adjoining Arrow button Import Export LC Orgination Template 9 Enter Query Application Details Application Number Application Branch Application Priority Low Application Category Application Date Application Status Product Code Contract Branch Operation Code Product Description Contract Reference Source Code FLEXCUBE Product Type User Reference Confirmation required Source Reference Margin Money Applicable Main Preferences Parties Parties Limits Shipment Documents Tracers Advices STP Details Message SWIFT Message Free Format Text 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 E
4. Verification successful Yes Verification successful Yes No Verification Legend successful Computer Aided Human Task EN System Task EN Human Task 1 19 ORACLE 1 2 5 Verify Prospect Customer Details Users belonging to the user role CEROLE Compliance Executive can perform these activities Go to the Assigned list in the system The system displays all the assigned activities Click Acquire button adjoining the Sub process AML task to acquire it The following screen is displayed Information Message The task was successfully Acquired If you have requisite rights double click on the task in your Acquire task list and invoke the following screen You can invoke the screen by typing ORDAMLOV at the top right corner of the Application tool bar and clicking the adjoining arrow button Verify Customer Details Save vil Hold Application Details Customer Information Product Code TESR Currency GBP Customer 018005701 Product Description testing Ic Contract Amount 1 000 00 Customer Name Shobnaa Product Import Expiry Date 2013 01 11 Contract Branch 018 Documents Customer Information Prev Remarks Remarks Audit PROCEED 1 20 ORACLE Click Document button to invoke Document Upload screen As a verifier you can view the uploaded documents Document Upload Document Uplo
5. Negative Tolerance Dated Max Amount 10 000 00 Customer Reference Liability Tolerance 0 00 License Expiry Date Liability Amount 10 000 00 Remarks Tolerance Text None 10 000 00 Amount Liability Type Straight 10 000 00 10 000 00 Back To Back LC Mode Sight Payment Credit Available With Details Other Details Type of guarantee Guarantee INCO Term INCO Description Additional Information Application Priority Application Status Additional Info Operation Code Open Source Code FLEXCUBE Issue Date Effective Date Tenor Expiry Date Expiry Place Closure Date Stop Date Pre Advice Margin Money Applicable 2013 01 10 2013 01 10 1D 2013 01 11 n Auto Closure 2013 02 10 2013 01 11 Pre Advice Date Reference To Pre advice Applicable Rule Rule Narrative EUCP LATEST VERSIO Customer Information 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 1 29 ORACLE Information Message The task is completed successfully The
6. Submit button Once the document is uploaded through the upload button the system displays the document reference number View Click View to view the document uploaded 1 2 1 1 Advise Tab Click on the Advise tab to invoke the following screen Documents Application Number ImportLCProcessFlows Main aice Checklist Advices RepotName Attribute Template Attribute Format Attribute Locale F reponi C repoti PDF en US m You can specify the following details Report Name System displays the name of the report Attribute Template System displays the Attribute Format Select the format of the attribute The adjoining drop down list displays the following options e PDF e RTF Attribute Locate System displays the attribute locate View Click View to view the advice T ORACLE 1 2 1 2 Checklist Tab Click on the Checklist tab to invoke the following screen Documents Application Number ImportLCProcessFlowt von acce 101 Checklist Item Mandatory Verified Comments J contract ref no c J success c Comments You can specify the following details Checklist Item Specify the checklist item Mandatory Check this box to indicate that the verification is mandatory Verified Check this box to indicate that the fields are verified Comments Specify the comments if any In Import LC Issuance process Document
7. to the Verify Transaction Details screen Click Exit button to exit the screen The task is then moved to the next activity 1 2 12 Obtain Additional Information Users belonging to the user role CEROLE Compliance Executive can perform these activities Go to the Assigned list in the system The system displays all the assigned activities Click Acquire button adjoining the Obtain Additional Information task to acquire it The following screen is displayed 1 28 ORACLE 5 Information Message The task was successfully Acquired If you have requisite rights double click on the task in your Acquire task list and invoke the following screen You can invoke the screen by typing ORDAMLAI at the top right corner of the Application tool bar and clicking the adjoining arrow button Obtain Additional Information Save M Hold Application Details Application Number ImportLCProcessFlow Application Branch 018 Application Category IMPORTLC1 Application Date 2013 01 10 Product Code TESR Contract Branch 018 Contract Reference 018TESR130100006 User Reference Source Reference 018TESR1301000C ProductDescription testing Ic Product Type Import ERM Preterences Parties Parties Limits Shipment Documents Tracers Advices LC Details Currency GBP Customer 000000103 Contract Amount Customer Name address Positive Tolerance Party Type APP
8. Time User Id User Name Action Code Action Desc BRANCH Remarks Select the required task and click Acquire button to acquire it The system will display the following screen ORACLE 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 invoke the following screen You can invoke the screen by typing ORDLCCLM at the top right corner of the Application tool bar and clicking the adjoining arrow button Retrieve Customer Limit Details Save Hold Applicatior be at 00 Applicatior Low DOS Applica ate 201 Apr Sta New Application LC Details Customer Information Product Code Currency GBP Customer Product Description Contract Amount Customer Name Product Type Expiry Date Contract Branch 007 Customer Information Prev Remarks Remarks Audit 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
9. Upload feature is not available in all the stages Its availability in this process is given below Stage Title Function Id Doc Upload Available View Available Callform Not Available Not Available Exists Receive and verify LC ORDLCREQ Available Available Available import opening form and other documents Retrieve Customer ORDLCCLM Available Available Available Limit Details Check for limit ORDLCALC Available Available Available 1 7 ORACLE Stage Title Function Id Doc Upload Available View Available Callform Not Available Not Available Exists approval Notify prospect ORDLCRAD Available Available Available customer on negative status of limit Input details of LC ORDLCIPD Available Available Available import issuance Verify details of LC ORDLCVER Available Available Available import issuance Modify details of LC ORDLCMDY Available Available Available import Verify prospect ORDAMLCV Available Available Available customer details SDN check Verify SDN Match ORDAMLSM Available Available Available Inform Regulatory ORDAMLRB Available Available Available Internal authorities on AML checks failure Internal blacklist ORDAMLBL Available Available Available check Verify Prospect ORDAMLVD Available Available Available Customer Contact Details Verify Nature Details ORDAMLVT Available Ava
10. Workflow Reference Number is ImportLCProcessFlow5502 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 Arrange Term Deposit Users belonging to the user role CORMROLE Compliance Manager 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 You can invoke this screen by typing ORDLCLNM in the field at the top right corner of the Application tool bar and click the adjoining arrow Arrange for TD Save vil Hold Application Details Product Code TESR Product Description testing Ic Product Type import Contract Branch 018 Contract Reference 018TESR130100002 User Reference 018TESR1301000C Source Reference 018TESR1301000C Preferences Parties Parties Limits Shipment Documents Tracers Advices LC Details Currency GBP Contract Amount Positive Tolerance Negative Tolerance Max Amount 1 000 00 Liability Tolerance 0 00 Liability Amount 1 000 00 Tolerance Text None Type Straight Mode Sight Payment Credit Available With Details Other Details Type of guarantee Guarantee Customer 018005701 Customer Name Shobnaa Party Type APP Dated Customer Reference License Expiry Date Remarks Amount 1 000
11. 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 11 ORACLE 1 2 3 You can invoke the screen by typing ORDLCALC at the top right corner of the Application tool bar and clicking the adjoining arrow button Ad hoc Limit check Save 48 Hold Application Details Application Status New Application LC Details Customer Information Product Code Currency GBP Customer Product Description Contract Amount Customer Name Product Type Expiry Date Contract Branch 007 Customer Information Prev Remarks Remarks Audit 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 sta
12. 00 Liability 1 000 00 pack To Back LC INCO Term INCO Description Line for Margin Operation Code Open Source Code FLEXCUBE Issue Date Effective Date Tenor Expiry Date Expiry Place Closure Date Stop Date Pre Advice Margin Money Applicable 2013 01 10 2013 01 10 1D 2013 01 11 n lauto Closure 2013 02 10 2013 01 11 Default Pre Advice Date Reference To Pre advice Applicable Rule Rule Narrative EUCP LATEST VERSIO Prev Remarks Remarks Outcome MN E Once a TD is arranged outside you can select Proceed to Continue with LC issuance 1 30 ORACLE Step 10 Step 9 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 Users belonging to the user role ADMINROLE can perform these activities Once saved successfully the contract will be available in the Letters of Credit Contract Input Screen You can invoke this screen by typing ORDLCCRT in the field at the top right corner of the Application tool bar and click the adjoining arrow Create LC Contract Save wil Hold Application Details Product Type Documents Product Code IMP3 Product Description Import LC U Non revo Import LC Details Currency GBP 23 Contract Amount 10 000 00 P
13. 018ELNB130100028 Source Code FLEXCUBE User Reference Confirmation required Source Reference 018ELNB13010002 Product Description Export LC Non Revolvir Product Type Export Preterences Parties Parties Limits Shipment Documents Tracers Advices STP Details LC Details Currency GBP Customer 018005608 Issue Date 2013 01 10 Contract Amount 5 000 00 Customer Name Patchset12 1 Effective Date 2013 01 10 Positive Tolerance Party Type BEN Tenor 30D Negative Tolerance Dated ExpiryDate 2013 02 09 Max Amount 5 000 00 Customer Reference Expiry Place 1881523456 Liability Tolerance 0 00 License Expiry Date Y Auto Closure Liability Amount 5 000 00 Remarks Closure Date 2013 03 11 Tolerance Text None Stop Date 2013 02 09 Pre Advice Type Straight Y Amount 5 000 00 Pre Advice Date Mode SightPayment v Liability 5 000 00 Reference To Pre advi HDFC Back To Back LC T re Credit Available With Details Other Details Type of guarantee INCOTerm CIF Applicable Rule EUCP LATEST VERSIO Guarantee INCO Description Cost Insurance and Fri Rule Narrative Date of informing Issuing Date of Receipt of Bank Authentication Settlement Collateral Linkage Details MIS Signature Verification Prev Remarks Remarks Audit 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 t
14. 8 Application Priority Low MPORT LC Application Date 2013 01 10 Application Status Regulatory Body Info Product Code IMP3 Contract Branch 001 Operation Code Open Product Description Import LC U Non Contract Reference 001IMP31231 20003 Source Code FLEXCUBE ProductType Import User Reference Margin Money Applicable Source Reference 0011MP312312000 Preterences Parties Parties Limits Shipment Documents Tracers Advices LC Details Currency GBP Customer 018005614 Issue Date 2012 11 07 Contract Amount 5 000 00 Customer Name Patchsett2 5 Effective Date 2012 11 07 Positive Tolerance 10 Party Type APP Tenor 96D Negative Tolerance 10 Dated Expiry Date 2013 02 11 Max Amount 5 500 00 Customer Reference Expiry Place 18845879 Liability Tolerance 0 00 License Expiry Date Auto Closure Liability Amount 5 500 00 Remarks Closure Date 2013 03 13 Tolerance Text None Stop Date 2013 02 11 Credit Pre Advice Type Straight Amount 5 500 00 Pre Advice Date Sight Paymer Liabili 5 500 00 Mode Sight Payment Back TO BackbC Reference To Pre advice Credit Available With STATe BANK ae Details Other Details Type of guarantee INCO Term Applicable Rule EUCP LATEST VERSIO Guarantee INCO Description Rule Narrative Regulatory Reporting Details lt lt Commission Charges Settlement Collateral Linkage Details Customer Information Prev Remarks Remarks Audit 3 Select an outcome as Proceed And then
15. Import LC Issuance Oracle FLEXCUBE Universal Banking Release 12 0 0 1 0 August 2012 Oracle Part Number E51465 01 ORACLE FINANCIAL SERVICES ORACLE Import LC Issuance 1 Table of Contents IMPORT TG ISSUANGE o 1 1 1 1 INTRODUGTION 1 1 1 2 STAGES IN IMPORT LC ISSUANCE 1 1 1 RECEIVE AND VERIFY DOCUMENTS ccccccccccecececececesecececesecececesecesecesecesseesecesecesseesseessceeseesseeseeeseness 1 2 1 2 1 Capturing Document Details eee det tete Pb edes bebe e ee E Ed 1 5 1 2 2 Viewing Customer Details tiet tini trei e tret retia E e Fo ERE RR EE e bL Verc EU ERE 1 9 STEP 2 RETRIEVE LIMIT DETAILS AND CHECK FOR LIMIT APPROVAL eee en nemen nennen nnns 1 10 STEP 3 CHECK FOR LIMIT APPROVAE reve c edes 1 11 1 2 3 Notify Prospect Customer on Negative Status of 1 12 STEP 4 INPUT DETAILS OF IMPORT EC rtt eee eene ev eee eve Et eps ee bee LAE e PETERE OE S 1 13 1 2 4 Preferences 1 15 STEP 5 VERIFY DETAILS OF IMPORT 1 16 STEP 6 MODIFY DETAILS OF IMPORT LC reete terree eee eee Yee Pe eee tea bv eset eee e e vends 1 17 STEP 7 AMELE CHECKS ettet e 1 17 1 2 5 Ver
16. LC Contract ORDLCIPD Input Details of LC ORDLCMDY Modify Import LC ORDLCRAD Rejection Of Import LC ORDLCREQ Receive amp Verify ORDLCTEM Import Export LC Origination Template ORDLCVER Verification of Import LC ORDSTDOC Store Documents ORDLCLNM Arrange for TD 2 1 ORACLE ORACLE Import LC Issuance August 2012 Version 12 0 0 1 0 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 2012 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 Softwa
17. O Description Rule Narrative Prev Remarks Remarks Audit PROCEED 1 26 ORACLE 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 e Information Message Information Message The task is completed successfully The Workflow Reference Number is ImportLCProcessFlow5502 You can continue with the process of creating LC only when the customer passes these checks Select the outcome as PROCEED and save the record by clicking the save icon in the tool bar to continue with the subsequent KYC checks Select the outcome as REJECT 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 1 2 11 Verify Nature Details of Transaction The bank may decide whether or not to enter into a relationship with the prospect or
18. Prepayment automatic Reinstatement Frequency 3 tee cumulative NextReinstatementDate 2013 01 13 i luto Status Change Status Related Reference 128 User Defined Status NORM Derived Status NORM Settlement Collateral Linkage Details MIS Customer Information Prev Remarks Remarks Audit 9 Exit 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 Auto Status Change Check this box to enable automatic status change of the LC If you check this box when the risk rating of a customer increases to unacceptable level the system will change the status of all outstanding LCs related to the account This will stop further recovery of the commission User Defined Status The system displays the user defined status of the LC You can unlock the LC contract and change the user defined status whenever required The option list displays all valid LC statuses maintained in the system Choose the appropriate one Derived Status The system displays the derived status of the LC You cannot modify the derived status In case of automatic status change you can view the current status of the LC in this field 1 15 ORACLE 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
19. ad 10f10 Document Category Document Type Document Reference Remarks Upload View 0 Unload View 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 Information Message The task is completed successfully The Workflow Reference Number is ImportLCProcessFlow5502 Click Ok button You will be taken back to the Verify Prospect Customer Details screen Click Proceed button to exit the screen The task is then moved to the next activity Click Reject button to go back to the Verify Customer Details 1 2 6 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 ORACLE 1 2 7 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 matc
20. aight v Amount 1 000 00 Mode Sight Payment Liability n 1 000 00 Credit Available With Back To Back LC Details e Other Details INCO Term INCO Description Type of guarantee Guarantee Low tus Verify Transaction Operation Code Open Source Code FLEXCUBE Issue Date Effective Date Tenor Expiry Date Expiry Place Closure Date Stop Date Pre Advice Pre Advice Date Margin Money Applicable 2013 01 10 2013 01 10 1D 2013 01 11 n Clauto Closure 2013 02 10 2013 01 11 Reference To Pre advice Applicable Rule Rule Narrative EUCP LATEST VERSIO 2 Settlement Collateral Linkage Details Customer Information Prev Remarks Remarks Outcome SATISFACTORY 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 gt Information Message The task is completed successfully The Workflow Reference Number is ImportLCProcessFlow5502 The task moves to Obtain Additional Information stage Click Ok button You will be taken back
21. ask 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 You can invoke the screen by typing ORDLCIPD at the top right corner of the Application tool bar and clicking the adjoining arrow button Input Details of LC Save vil Hold Applicatio ils Low r Capture LC Details Operation Code Open Source FLEXCUBE V Margin Money Applicable Contract Branch 018 Contract Reference 018TESR130100002 UserReference 18TESR130100002 Source Reference 018TESR1301000C ProductCode TESR ProductDescription testing Ic ProductType Import IB Freterences Parties Parties Limits Shipment Documents Tracers Advices LC Details Customer 018005701 Issue Date 2013 01 10 Customer Name Shobnaa Effective Date 2013 01 10 Party Type APP H Tenor 1D Expiry Date 2013 01 11 Currency GBP Contract Amount Positive Tolerance Negative Tolerance Dated 1 000 00 Max Amount Liability Tolerance Liability Amount Tolerance Text Mode Credit Available With Details Other Details Type of guarantee Guarantee 1 000 00 None Straight SightPayment v n Customer Reference License Expiry Date Remarks Amount Liability INCO Term INCO De
22. click Save and the system displays the following message 1 23 ORACLE q Information Message The task is completed successfully The Workflow Reference Number is ImportLCProcessFlow5502 If you click Ok LC can be terminated 1 2 9 Internal Blacklist Check Users belonging to the user role CEROLE Compliance Executive can perform these activities Go to the Assigned list in the system The system displays all the assigned activities Click Acquire button adjoining the Blacklist Check task to acquire it The following screen is displayed Information Message The task was successfully Acquired If you have requisite rights double click on the task in your Acquire task list and invoke the following screen Click BlackList Check button to invoke Blacklist Check screen As a verifier you will be able to update only remarks in this stage You can invoke this screen by typing ORDAMLBL in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button 1 24 ORACLE Internal Blacklist Check Save Hold Application Details SDN Check Details Product Code TESR Currency GBP SDN Result NO MATCH ProductDescription testing Ic Contract Amount 1 000 00 Product Type Import Expiry Date 2013 01 11 Contract Branch 018 Customer 018005701 Customer Name Shobnaa Customer Information Documents Customer Inf
23. f 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 1 22 ORACLE information Message The task is completed successfully The Workflow Reference Number is ImportLCProcessFlow5502 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 1 2 8 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 authorities in case of positive SDN match and or if the prospect customer is blacklisted internally Users belonging to the user role RCHROLE Risk and Control Head can perform these activities You can invoke this screen by typing ORDAMLRB in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button E Inform Regulatory Authority 2 Application Details amp rtLCProcessFlow Application Branch D1
24. fy the date on which the contract is going to expire 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 1 4 ORACLE 1 2 1 Capturing Document Details You can capture the customer related documents in central content management repository through the Documents screen Click Documents button to invoke this screen Documents Application Number ImportLCProcessFlows Bloc cess Document Upload 1451 1088 V Document Category Document Reference Document Type Remarks Upload VID PROOF 2i 2IPM 002209 PASSPORT a 333 c Here you need to specify the following details Document Category Specify the category of the document to be uploaded Document Reference The system generates and displays a unique identifier for the document Document Type Specify the type of document that is to be uploaded Upload Click Upload button to open the Document Upload sub screen The Document Upload sub screen is displayed below Document Upload Document Path 15 ORACLE In the Document Upload sub screen specify the corresponding document path and click the
25. ge 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 You can invoke the screen by typing ORDLCRAD at the top right corner of the Application tool bar and clicking the adjoining arrow button Rejection of Import LC Save Hold Application Details Application Priority Low Application Status New Application LC Details Customer Information Product Code Currency GBP Customer Product Description Contract Amount Customer Name Product Type r Expiry Date Contract Branch 007 Deliver Dispatch of Advice Line 1 Line 3 Line 2 Line 4 Limits Customer Information Prev Remarks Remarks Audit The system displays all details captured in the Receive and Verify screen Additionally you can specify the following details 1 12 ORACLE Deliver Dispatch of Advice In case the prospect customer does not clear adhoc limit checks you can terminate the import LC opening 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 t
26. h 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 Assigned list in the system The system displays all the assigned activities Click Acquire button adjoining the Verify SDN Match task to acquire it The following screen is displayed Information Message The task was successfully Acquired If you have requisite rights double click on the task in your Acquire task list and invoke the following screen You can invoke the screen by typing ORDAMLSM at the top right corner of the Application tool bar and clicking the adjoining arrow button Verify SDN Match Iz Save M Hold Application Details s a i 2 Application Priority Low atus Verify SDN OFAC LC Details SDN Check Details Product Code TESR Currency GBP SDN Result NO MATCH Product Description testing Ic Contract Amount 1 000 00 TEN 1 Product Import Expiry Date 2013 01 11 Contract Branch 018 Customer 018005701 Customer Name Shobnaa Documents Customer Information Prev Remarks Remarks Audit Outcome 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 o
27. hat 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 Failed of any 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 Passed the bank may proceed to conduct AML checks Once AML checks are carried out the result is passed on to the parent process 1 17 ORACLE 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 Verify prospect customer details SDN checks Verify SDN Match Inform Regulatory Internal authorities on checks failure Internal Blacklist check AML Decision ORACLE Start SDN check result No match Blacklist check passsed
28. ication category from the adjoining option list Application Branch System displays the current branch code Application Date System displays the application date here Application Priority Select the priority for the creating export LC from the adjoining drop down list This list displays the following options e Low e Medium e High Application Status System displays the status of the application LC Details You can capture the following LC details here 1 3 ORACLE Product Code 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 category You can select the appropriate one Product Description The system displays a brief description of the chosen product Product Type The system displays the product type as Import 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 Contract Branch System displays the current logged in branch here However you can specify another branch code for the contract from the adjoining option list Currency Specify the currency in which the LC should be issued You can also select 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 Expiry Date Speci
29. ify Prospect Customer Details 1 20 1 2 6 PLUS TI E 1 21 L2 Verify SDN Match E 1 22 1 2 8 Inform Regulatory Internal Authorities on AML Checks Failure eee 1 23 1 2 9 Internal Blacklist CHECK cored 1 24 1 2 10 Verify Customer Prospect Contact 1 26 1 2 11 Verify Nature Details of Transaction eese seen enne trennen trennen rennen 1 27 1 2 12 Obtain Additional Information 1 28 STEP 8 ARRANGE TERM DEPOSIT eeeeeeee ee e eme emen ener nn ese sse e esee 1 30 9 CREATE IMPORT LG ott pete cett e epe rete she sued eu pe saves Dent tu expe Exod RYE Ee 1 31 STEP 10 PIT Bh LS V ERR EE 1 31 1 3 VIEWING IMPORT EXPORT LC ORIGINATION TEMPLATE eee e eene ennt 1 33 SCREEN GLOSSARY d 2 1 2 1 FUNCTION ID Alu EE 2 1 ORACLE 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 in
30. ilable Available of Transaction Obtain Additional ORDAMLAI Information Sub process AML checks Arrange for TD ORDLCLNM Available Available Available Create import LC in ORDLCCRT Available Available Available FLEXCUBE Store Document ORDSTDOC Available Available Available 1 8 ORACLE 1 2 2 Viewing Customer Details Click Customer Information button in the Receive and Verify screen and invoke the Customer Details screen Customer Details New Customer Information Customer No Full Name Existing Customer Contact Information Permanent Address Address Country Line 1 Line 2 Line 3 Telephone Email Mobile Number You can view the following details Customer No The system displays the customer identification number CIF specified 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 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 1 9 ORACLE Outcome If documents are missing select DOCMISSING fro
31. m 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 The task is completed successfully The Workflow Reference Number is ImportLCProcessFlow5502 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 further Task List Require Release Resume Reassign Page 1 of 1 Jump to page Txn aj WorkFlow Ref Number Ret Title Assignee Group Assignee Customer AMOUNT Created Date Priority Product No Users Name ImportLCProcessFlow1617 _ Receive and CCSEROLE ALLROLES 2009 04 07 Verify LC 17 00 46 Import GMT 05 30 ImporiLCProcessFlow1715 _ Receive and CCSEROLE ALLROLES 2009 04 08 Verify LC 17 02 02 Import GMT 05 30 ImportLCProcessFlow1937 Receive and CCSEROLE ALLROLES 2009 04 11 Verify LC 11 47 18 GMT 05 30 HmporLCProcessFlow1984 Receive and CCSEROLE ALLROLES 2009 04 13 Stent Le Action Time Pickup
32. ormation Internal Blacklist Check Prev Remarks Remarks In this screen you can view the applicant s details If the applicant s name is listed in the bank s internal list of global 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 formation Message The task 15 completed successfully The Workflow Reference Number is ImportLCProcessFlow5502 Select the outcome as Passed and save the record by clicking the save icon in the tool bar The following screen will be displayed If the selected outcome is Failed inform internal regularity authority gt Information Message The task is completed successfully The Workflow Reference Number is ImportLCProcessFlow5502 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 1 25 ORACLE 1 2 10 Verify Customer Prospect Contact Details Users belonging to the user role CEROLE Compliance Executive can perform these activities Go to the Assigned list in the system The system displays all the assigned activities Click Acquire button adjoining the Verify Customer Prospect Contact Details task to acquire it The following screen is displayed Information Message The task was successfully Acquired
33. ositive Tolerance 10 Negative Tolerance 10 Max Amount 11 000 00 Liability Tolerance 0 00 Liability Amount 11 000 00 Tolerance Text None redit Type Straight Mode Sight Payment Credit Available With Details Details Type of guarantee Guarantee Prev Remarks TD is arranged Contract Branch 018 Contract Reference 018IMP3130100017 User Reference Source Reference 0181 313010001 Preterences Parties Parties Limits Shipment Documents Advices Customer 018005613 Customer Name Patchset12 4 Party Type APP Dated Customer Reference License Expiry Date Remarks Amount Liability INCO Term INCO Description Remarks 4 T KOR fo 5 9 11 000 00 11 000 00 Back To Back LC Click Proceed to move on to next stage Store Documents Low Creation LC Operation Code Open Source Code FLEXCUBE Issue Date Effective Date Tenor Expiry Date Expiry Place Closure Date Stop Date Pre Advice 2013 01 10 2013 01 10 30D 2013 02 09 ISB12456 Closure 2013 03 11 2013 02 09 Pre Advice Date Reference To Pre advice Applicable Rule EUCP LATEST VERSIO Rule Narrative Audit PROCEED Margin Money Applicable Users belonging to the user role TFEROLE T
34. rade 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 You can invoke the screen by typing ORDSTDOC at the top right corner of the Application tool bar and clicking the adjoining arrow button 1 31 ORACLE Store Documents LC Details Storage Detats Customer 000000103 Storage Reference 018TESR130100002 Customer Name address c Place of Storage UK c Contract Reference 018TESR 130100002 Date of Storage Remarks Auat PROCEED In this screen the following information can be stored 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 Reference 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 Low Document Storage Select the action PROCEED 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 32 ORACLE Information Message Information Message The task
35. re 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
36. s AML Check SubProcess No Successful Yes Limit Yes Sufficient argin Money Applicable No v po No Legend Computer Aided Human Task mE 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 1 2 ORACLE 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 screen type ORDLCREQ in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button The screen is displayed below Receive amp Verify Save Hold Application Details Application Number ImportLCProcessFlow501 Application Branch 007 Application Priority Low Application Category Application Date 2012 05 15 Application Status LC Request LC Details Customer Information Product Code a Currency GBP 28 Customer Product Description ic Contract Amount Customer Name Product Type Import Expiry Date Contract Branch 007 Documents Customer Information Prev Remarks Remarks Here you can capture the following details Application Details Application Number System displays the application number Application Category Specify the appl
37. scription Back To Back LC Expiry Place n Clauto Closure Closure Date 2013 02 10 Stop Date 2013 01 11 Pre Advice Pre Advice Date Reference To Pre advice Applicable Rule EUCP LATEST VERSIO 22 Rule Narrative Settlement Tax Collateral Linkage Details Fields wis Limits Customer information Prev Remarks Remarks Outcome MEE 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 Auto Closure Check this option to indicate that the LC should be automatically closed 1 13 ORACLE Pre Advice Pre Advice Date Specify date on which the pre advice was initiated from the adjoining calendar The current date is defaulted as pre advice date if the operation is Pre advice LC however you can change to an earlier date Modifications are not allowed after first authorization Reference to Pre advice Specify reference to the pre advice if any generated for the LC contract A pre advice is a brief advice of documentary credit sent by the Issuing Bank to the Advising Bank This is to be followed by the LC instrument that contains all the details of the LC It notifies the recipient that the named buyer has opened an LC for a specified amount on a named seller beneficiary
38. struction 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 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 Verify details of LC import issuance Modify details of LC import issuance Sub process AML checks Arrange term deposit Create LC import in Oracle FLEXCUBE o uoo N 10 Store documents Only users who have procured the relevant access rights can perform activities under a stage 1 1 ORACLE Document missing Result of verification Verification T successful Successful Ye
39. task from your task list and process it further You can invoke the screen by typing ORDLCVER at the top right corner of the Application tool bar and clicking the adjoining arrow button Verification of Import LC Save Jil Hold Application Details nber ImportLCProcessFlow Application Branc 18 Application Priority Low ategory INGRESE VerifyLC Product Code TESR Contract Branch 018 Operation Code Open Contract Reference 018TESR130100002 Source Code FLEXCUBE User Reference 018TESR1301000C Margin Money Applicable Source Reference 018TESR1301000C Product Description testing Ic ProductType import Preferences Partes Parties Limits Shipment Documents Tracers Advices LC Details Currency GBP Customer 018005701 Issue Date 2013 01 10 Contract Amount 1 000 00 Customer Name Shobnaa Effective Date 2013 01 10 Positive Tolerance Party Type APP Tenor 1D Negative Tolerance Dated Expiry Date 2013 01 11 Max Amount 1 000 00 Customer Reference Expiry Place n Liability Tolerance 0 00 License Expiry Date Auto Closure Liability Amount 1 000 00 Remarks Closure Date 2013 02 10 Tolerance Text None Stop Date 2013 01 11 Pre Advice Type Straight Amount 1 000 00 Pre Advice Date Mode Sight Payment Liability 1 000 00 Credit Available With n Back To Back LC Details Reference To Pre advice Other Details Type of guarantee INCO Term Applicable Rule EUCP LATEST VERSIO Guarantee INCO Description Rule Narrative Set
40. tlement Collateral Linkage Details MIS Customer Information Prev Remarks Remarks Audit outcome APPROVE 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 Approved 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 te ORACLE 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 You can invoke the screen by typing ORDLCMDY at the top right corner of the Application tool bar and clicking the adjoining arrow button Modify Contract Details Low Modify LC Product Code ELNB H Contract Branch 018 Operation Code Advice and Confirm Contract Reference
41. 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 Assigned list in the system The system displays all the assigned activities Click Acquire button adjoining the Verify Nature Details of Transaction task to acquire it The following screen is displayed Information Message 00000 qmomatnMessag SY The task was successfully Acquired If you have requisite rights double click on the task in your Acquire task list and invoke the following screen You can invoke the screen by typing ORDAMLVT at the top right corner of the Application tool bar and clicking the adjoining arrow button 1 27 ORACLE Verify Transaction Details Save Hola Application Details Contract Branch 018 Contract Reference 018TESR 130100002 User Reference 018TESR1301000C Source Reference 018TESR1301000C Product Code TESR Product Description testing Ic Product Type EBM Preterences Parties Parties Limits Shipment Documents Tracers Advices ILC Details Customer 018005701 Contract Amount 1 000 00 Customer Name Shobnaa Positive Tolerance Party Type APP Negative Tolerance Dated Max Amount 1 000 00 Customer Reference Liability Tolerance 0 00 License Expiry Date Liability Amount 1 000 00 Remarks Tolerance Text None Currency GBP Str
42. xpiry Place Liability Tolerance License Expiry Date 7 Auto Closure Liability Amount Remarks Closure Date Tolerance Text Stop Date Pre Advice Type Amount Pre Advice Date Mode Liability Credit Available With Back To Back LC Details Reference To Pre advice Other Details Type of guarantee INCO Term Applicable Rule Guarantee INCO Description Rule Narrative Date of informing Issuing Date of Receipt of Date of seeking Clarification Authentication i kage Details Fields MIS Customer Information Internal Blacklist Check Signature Verification User Defined Fields Prev Remarks Remarks Audit Specify the Application number to view the existing records through this screen Users to any kind of role can perform this activity 1 34 belonging ORACLE 2 1 Function ID List 2 Screen Glossary 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 ORDAMLAI Obtain Additional Information ORDAMLBL Internal Blacklist Check ORDAMLCV Verify Customer Details ORDAMLRB Inform Regulatory Authority ORDAMLSM Verify SDN Match ORDAMLVD AML Customer Verification ORDAMLVT Verify Transaction Details ORDLCALC Ad hoc Limit Check ORDLCCLM Retrieve Customer Limit Details ORDLCCRT Create
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