Maintain Fixed Deposits– Letter of Credit Mapping
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This activity allows you to map the fixed deposits details to the letter of credit.
Select the “Maintain Fixed Deposits– Letter of Credit Mapping” activity under the “Investment Transactions” business component.
The “Maintain Fixed Deposits– Letter of Credit Mapping” page appears.
Enter the following details:
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Specify Mode |
Use the drop-down list box to specify the mode of mapping. The combo is loaded with options FD and LC. |
Enter the following details in the “Fixed Deposits Information” header:
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Ref. ID No. |
The reference ID of the instrument. (Alphanumeric, 70). Help facility available. |
On entering the Ref. ID the system displays the following.
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Ref ID Date |
The date on which the instrument reference id has been created. |
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Amendment No. |
The identification number of the amendment instrument document. |
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Instrument No. |
The number identifying the instrument. (Alphanumeric, 30). Help facility available. |
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Instrument Date |
The date of the instrument. |
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Status |
Indicates the status of the instrument / reference ID transaction. |
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Instrument Type |
The type to which the instrument belongs. |
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Instrument Currency |
The currency in which the instrument has been created. |
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Instrument Amount |
The amount for the instrument in instrument currency. |
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Maturity Date |
The date on which the instrument can be realized. |
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Maturity Amount |
The amount to be received from the instrument on maturity of instrument in instrument currency. |
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Interest Rate |
The rate of interest which can be earned from the investments. |
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Party Code |
The entity where the investment has been made. The party code can be a bank, post office, or a mutual fund institution. |
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Party Name |
The name of the party |
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Tenure |
The duration of the instrument. |
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FD Balance Amount |
Difference between instrument amount and cumulative instrument coverage amount of the letter of credits mapped to instruments. |
Enter the following details in the “Letter of Credit Information” multiline:
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Ref. ID No. |
The reference ID of the letter of credit. (Alphanumeric, 70). Help facility available. |
On entering the reference ID/ LC Number, the system displays the following.
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Ref. ID Date |
The date on which the reference id has been created. |
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LC No. |
The number identifying the LC. (Alphanumeric, 30). Help facility available. |
On entering the LC Number, the system displays the following.
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LC Issue Date |
The date of issue of the LC. |
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LC Expiry Date |
The expiry date of the LC. |
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LC Currency |
The currency of the LC. |
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LC Amount |
The amount for which the LC was raised. |
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LC Uncovered Amount |
The balance amount available in the LC Amount in LC currency for Fixed deposits coverage. |
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FD Lien Amount in LC Currency |
The FD coverage amount. (Decimal). The amount covered by the FD against the LC. |
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Exchange Rate |
The exchange rate between the LC currency and the instrument currency. |
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Beneficiary /Applicant Code |
The code identifying the beneficiary/ applicant. Beneficiary is customer code and applicant is supplier code |
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Beneficiary /Applicant Name |
The name of the beneficiary /applicant. Beneficiary is customer name and applicant is supplier name. |
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Bank Code |
The bank code in which the letter of credit has been created. |
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LC Classification |
Indicates the classification of LC. |
Click the “Record Mapping Details” pushbutton to save the mapping of the Fixed Deposits to the LC.
Enter the following details in the “Letter of Credit Information” header:
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Ref. ID No. |
The reference ID of the LC (Letter of Credit). (Alphanumeric, 70). Help facility available. |
On entering the Reference ID, the system displays the following.
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Ref. ID Date |
The date on which the reference id has been created. |
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Status |
The status of the letter of credit. |
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LC No. |
The number identifying the LC. (Alphanumeric, 30). Help facility available. |
On entering the LC Number, the system displays the following.
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Amendment No. |
The latest amendment number of the letter of credit document. |
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LC Currency |
The currency of the LC. |
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LC Classification |
Indicates the classification of LC. |
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LC Issue Date |
The date of issue of the LC. |
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LC Expiry Date |
The expiry date of the LC. |
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Beneficiary /Applicant Code |
The code identifying the beneficiary/ applicant. Beneficiary is customer code and applicant is supplier code |
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Beneficiary /Applicant Name |
The name of the beneficiary /applicant. Beneficiary is Customer name and applicant is supplier name. |
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LC Amount |
The amount for which the LC was raised. |
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Exchange Rate |
The exchange rate between the LC Currency and the instrument currency. |
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LC Uncovered Amount |
The different between the LC amount and the cumulative amount instruments covered against the LC. |
Enter the following details in the “Fixed Deposits Information” multiline section:
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Ref. ID No. |
The reference ID of the instrument. (Alphanumeric, 70). Help facility available. |
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Ref ID Date |
The date on which the instrument reference id has been created. |
On entering the Ref. ID the system displays the following.
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Instrument No. |
The number identifying the instrument. (Alphanumeric, 30). Help facility available. |
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Instrument Date |
The date of the instrument. |
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Instrument Currency |
The currency in which the instrument has been created. |
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Instrument Amount |
The amount for the instrument in instrument currency. |
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FD Lien Amount in Instrument Currency |
The FD coverage amount. (Decimal). The amount covered by the FD against the LC. |
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FD Balance Amount |
Difference between instrument amount and cumulative instrument coverage amount of the letter of credits mapped to instruments. |
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Tenure |
The duration of the instrument. |
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Tenure Periodicity |
The tenure periodicity of the instrument tenure. (ex: Days / Months / years) |
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Interest Rate |
The rate of interest which can be earned from the investments. |
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Interest Periodicity |
The interest periodicity of the instrument. (ex: yearly, quarterly, half yearly, etc) |
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Party Type |
The type of the party as to banks / MF institutions, etc |
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Party Code |
The entity where the investment has been made. The party code can be a bank, post office, or a mutual fund institution. |
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Party Name |
The name of the party |
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Instrument Type |
The type to which the instrument belongs. |
Click the “Record Mapping Details” pushbutton to save the mapping of the fixed deposits to the LC.
To proceed, carry out the following
Select the “View Fixed Deposits- Letter of Credit Mapping” link at the bottom of the page to view the mapped FDs for the Letter of Credit.
4 Finance book must be defined in the “Create Finance Book” activity of the “Organization Set Up” business component
4 The Bank Code must be defined in the “Create Bank” activity of the “Bank Cash Definition” business component
4 Letter of credit in active status