Amendments Awaiting Acceptance

Introduction

Once the terms and conditions of the LC are changed by the issuing bank, by means of an amendment, the same is advised to the beneficiary for their acceptance. The beneficiary would either accept or reject the amendment. This can be done through their e-Banking login.

Customer can provide acceptance/rejection for the latest amendment with status as ‘Waiting for Acceptance’. Once the details are entered, the Customer can submit the LC amendment acceptance for further processing. After accepting the LC amendment the user they can preview the details. After providing necessary inputs as per bank’s approval policy, user can confirm the acceptance.

Navigation

  • Click Accept / Reject Amendments Awaiting Acceptance in the Export Letter of Credit screen.

  • The Amendments Awaiting Acceptance screen is displayed.

What you can do

The table below provides a brief description of the data that should be entered on the screen and the functions that can be performed:

Field

Description

SEARCH CRITERIA

LC Number

Optional

Alphanumeric / 16

Enter the LC number to fetch a particular LC waiting for acceptance.

Issued Date Range From-To

Optional

Date

Select the LC issue date range to fetch the relevant LC’s.

Applicant / Drawee

Optional

Alphanumeric / 80

Enter the applicant’s name to fetch LCs where applicant name contains the entered string.

Issuing Bank Name

Optional

Alphanumeric / 80

Enter the issuing bank name to fetch LCs issued by a particular bank.

LC Amount Range From-To

Optional

Amount / 18(3)

Enter amount range to fetch LCs falling within the entered range.

 

Click

To

Search

Fetch amended LCs matching the entered criteria for acceptance.

Clear

Remove the entered criteria.

 

Field

Description

AMENDMENT OF LETTER OF CREDIT

Note:

All fields in this except 'Select' are display fields.

Select

Option button

Select the LC to be accepted or rejected.

Amendment Number

The amendment number.

LC Number

The LC number.

Issued Date

The LC issue date.

Currency

The LC issue currency.

LC Amount

The LC issue amount.

Applicant Name

The Applicant name.

Issuing Bank Name

The LC issuing bank name.

Advising Bank Reference

The reference number for the LC at the advising bank.

Expiry Date

The LC expiry date.

 

Click

To

  Retail_User_activities_img_1.png

Go to the previous list page.

  Retail_User_activities_img_2.png

Go to the next list page.

Go to Page

Provide the page number and click Go to get the respective list page on the screen.

Accept

To preview details before accepting the latest amendment to the selected LC.

Reject

To preview details before rejecting the latest amendment to the selected LC.

Download Details as- OK

Select the format from the drop-down list to download the above details.

Formats allowed are:

HTML, XML, DAT, CSV, XLS, PDF, RTF, TXT.

Click on OK button to start download.

Back

Go back to previous screen.