Specify LC Details

This page allows you to specify the Letter of Credit details for each Bank Code of the bank account. You can also specify the category for which the Bank Limit of the LC will be validated.

The system displays the following fields:

Bank Reference	The number identifying the bank reference
Currency	The transaction currency of the bank account
Status	The status of the bank account.
Bank Account No.	The number identifying the bank account.

Select the following:

Bank Limit Validation

Use the drop-down list box to select the category for which the Bank Limit Validation for the LC should happen. You can select from “Overall Limit”, “Category Specific Limit”, “Usance LC Limit” and “Sight LC Limit”. The system displays ‘Overall Limit’ by default on launch of the page.

Note: Based on the value selected in the Bank Limit validation combo, the Multiline section will be displayed.

Enter the following fields in ‘LC Limit Details – Overall” to specify the LC details.

Bank Code	The code identifying the bank.
Bank Description	The description of the bank code
Finance Book	The code identifying the finance book in which the bank code has been mapped.
Sanctioned Limit	The limit sanctioned by the bank for LC
Limit On Hold	The limit held by the bank
Drawable Limit	The total limit for which LC can be raised.

Enter the following fields in ‘LC Limit Details – Category Specific” to specify the LC details.

Bank Code	The code identifying the bank.
Bank Description	The description of the bank code.
Finance Book	The code identifying the finance book in which the bank code has been mapped.
Sanctioned Limit – Total	The total limit sanctioned by the bank for LC.
Limit On Hold – Total	The limit held by the bank.
Drawable Limit - Total	The total limit for which LC can be raised.
Sanctioned Limit – Sight LC	The limit sanctioned by the bank for Sight LC.
Limit On Hold – Sight LC	The limit held by the bank for Sight LC.
Drawable Limit - Sight LC	The total limit for which LC can be raised for Sight LC.
Sanctioned Limit – Usance LC	The limit sanctioned by the bank for Usance LC.
Limit On Hold – Usance LC	The limit held by the bank for Usance LC.
Drawable Limit - Usance LC	The total limit for which LC can be raised for Usance LC.

Enter the following fields in ‘LC Limit Details –Sight LC” to specify the LC details.

Bank Code	The code identifying the bank.
Bank Description	The description of the bank code
Finance Book	The code identifying the finance book in which the bank code has been mapped.
Sanctioned Limit – Total	The total limit sanctioned by the bank for LC.
Limit On Hold – Total	The limit held by the bank.
Drawable Limit - Total	The total limit for which LC can be raised.
Sanctioned Limit – Sight LC	The limit sanctioned by the bank for Sight LC.
Limit On Hold – Sight LC	The limit held by the bank for Sight LC
Drawable Limit - Sight LC	The total limit for which LC can be raised for Sight LC.

Enter the following fields in ‘LC Limit Details – Usance LC” to specify the LC details.

Bank Code	The code identifying the bank.
Bank Description	The description of the bank code
Finance Book	The code identifying the finance book in which the bank code has been mapped.
Sanctioned Limit – Total	The total limit sanctioned by the bank for LC
Limit On Hold – Total	The limit held by the bank
Drawable Limit - Total	The total limit for which LC can be raised.
Sanctioned Limit – Usance LC	The limit sanctioned by the bank for Usance LC.
Limit On Hold – Usance LC	The limit held by the bank for Usance LC.
Drawable Limit - Usance LC	The total limit for which LC can be raised for Usance LC.

Click on the “Specify LC Details” pushbutton to save the LC details.