1. Import LC Issuance - Oracle Documentation
Contents
1. 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 E Information Web Page Dialog MESSAGE REFERENCE l The Task was successfully Acquired COO If you have requisite rights double click on the task in your Assigned task list and invoke the following screen E Contract Details Webpage Dialog Workflow Reference Priority Low wt ANMLChecks600003 LC Details Customer Information Product IMLP Customer MUNOOTMUN Product Type mpor Customer Hame Chamundi Canem Y Ien SDN Check Details Contract Amount SON Result MATCH Expiry Date 7A222000 Documents Customer Information Prev Remarks Remarks Audi Outcome NOMATCH LLL IEAM EE ALLIL ES NOMATCH MATCH 1 17 ORACLE 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 t2. 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 7 7 Verify Nature Details of Transaction 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 E Information Web Page Dialog MESSAGE REFERENCE T The Task was successfully Acquired COO If you have requisite rights double click on the task in your Assigned task list and invoke the following screen 1 23 ORACLE Verify Transaction Details Web Page Dialog Workflow Reference ImportLCProcessFlow1839 Priority Lowy v Product ILIN P Contract Reference YWINILINOS24501 22 Operation Code User Reference VVMINILINO624501 22 Source FLEXCUBE Description LC Issuance Ni Source Reference YVINILINO62450122 Product Type mport Contract Versions lt q 10f 1 P Margin Money Appl Main Preferences Parties Shipment Documents Tracers Advices LC Details Currency USD Customer VINOOO001 Issue Date 94 2008 Contract Amount Customer Name YWVI
3. following screen 1 19 ORACLE J Contract Details Webpage Dialog Priority Low wt LC Details Customer Information Product IMLP Customer MUNOOIMUN Product Type mpor Customer Hame Chamundi Currency USD SDN Check Details Contract Amount SDN Resut MATCH Expiry Date 7 12 2000 Documents Customer Information t Prev Remarks Remarks a Outcome Click BlackList Check button to invoke Blacklist Check screen As a verifier you will be able to update only remarks in this stage Blacklist Check Web Page Dialog Mame VWAMEFA Seq Mo Date Of Birth Address Country Address Remarks Address3 Alias Mame Address4 30 to F age SDN Details F Mame Date Of Birth Country Remarks Seq Mo Address Address Addresses Address4 Alias Mame In this screen you can view the applicant s details If the applicants 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 1 20 ORACLE Information Web Page Dialog MESSAGE a NO MATCH FOUND FOR THE CUSTOMER MAME WIMMERA 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 Web Page Dialog MESSAGE REFERENCE i The task is completed successfully LCIP 004 Clic
4. APP Dated Customer Reference License Expiry Date Remarks Issue Date 9 4 2008 Effective Date 9M 2008 Tenor 23D Expiry Date 9 24 2008 Expiry Place CHENNAI Closure Date 10 24 2008 StopDate 9 24 2008 Detant Credit Drafts Commission Charges Settlement Tax Collateral Events Linkages Fields MIS Limits Customer Information Documents Prey Remarks Remarks E EJ 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 FAILED PROCEED 1 22 ORACLE E Information Web Page Dialog MESSAGE REFERENCE 1 The taskis completed successfully LEIF 004 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 clicking 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
5. Customer If the LC customer is an existing customer the system will check this box 1 6 ORACLE Customer Information If the customer is an existing customer the system will display the following details based on the existing maintenance Address Permanent Address Line 1 2 and 3 Telephone Mobile Number E mail Click OK button to return to the Receive and Verify screen Outcome lf 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 3 Information Web Page Dialog MESSAGE REFERENCE LCIP 004 o The task is completed successtully The WorkFlow Reference Number it ImportLCPracessFloyy2006 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 1 7 ORACLE Task List Aaquire iis itil Reassign Page 1 of 1 Jump to page l Tn a T Workflow Ret Number Fef Title Assignee Group AEREE na AMOUNT Crested Date Prior
6. Prey Remarks Remarks PROCEED 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 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 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 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
7. lssuance hh Customer Mame VMMERA Product Type Import Currency USD Contract Amount 5000 00 Expiry Date S242006 Documenta Customer Information Limits Prev Remarks Remarks ye LIMIT WOT APPROVED LIMIT APPROVED 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 1 9 ORACLE Choose Save from the Actions menu or click save icon to save the record 3 1 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 Contract Details Webpage Dialog Workflow Reference Priority Low wt ImportLCProcessFlow600007 LC Details Customer Information Product IMLP Customer MUNOOIMUN Product Type miport Customer Name Chamundi Currency USD Contract Amount Expiry Date 7 18 2000 Deliver Dispatch of Advice Line 1 Line 2 Line 3 Line 4 Documents Customer Information Limits Prev Remarks temarks a Outcome EL EEEEEEEEL
8. EEEEEEE 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 opening process and notify the prospect accordingly Line 1 to 4 Specify the notification message that should be sent to the customer prospect 1 10 ORACLE 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 E Input Details of LC Web Page Dialog Workflow Reference ImportLCProcessFlow1939 Priority Low v Product P Contract Reference WANILIN0O824501 42 Operation Code User Reference YVINILINO82450142 Source FLEXCUBE Description LC Issuance Ni Source Reference VVINILINOS2450142 Product Re h ranak Contract Versions 4 15 Margin Money Appl Main Preferences Parties Shipment Documents Tracers Advices LC Details Currency USD gt Customer YWiNdooo1 Issue Date 94 2008 Contract Amount 5000 00 Customer Name VVINNER1 Effective Date 94 2008 Positive Tolerance 10 Party Type APP ka Tenor 23D Negative Tolerance 10 D
9. Import LC Issuance Version 10 3 INT894 ORACLE FCUBSV UM 10 3 0 0 0 0 0 April 2009 Oracle Part Number E51575 01 ORACLE FINANCIAL SERVICES ORACLE Document Control Author Documentation Group UBPG Team Created on April 09 2009 Revision No Final pe Updated by Reviewed by Approved by Software Quality Documentation Team Development Testing teams Assurance Team Updated on April 17 Reviewed on April 17 2009 Approved on April 17 2009 2009 ORACLE Import LC Issuance Table of Contents E MVP FM IN iste chara sess va aca resem E ce cate ccesteeidenaeen ests tetas teereneedesssseeateneieincs 1 1 1 1 MAROT CON ee r a E E E E E A E E ceessaeeee l 1 l2 STAGES INIMPORT LC ISSO AIN Css cers cece neecie e E ES E l 1 Step 1 Receive and Verify Documents eeeeeeeeeeeennnnnnnnnnnnnrrrnnrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrssssssssessssssssssssssssssrrren 1 2 1 1 Cap cumin Docume Derdens 1 4 L2 View ne C eomer Deils saesae e Se oe e eee 1 6 Step 2 Retrieve Limit Details and Check for Limit APProvall ccccccccccccccc ccc c cece ccc 1 7 SI CCC FOF AI AO serves cscs thncacshacch E 1 9 3 1 Notify prospect customer on negative status Of limit ccc ceeeeeeeeeessesssseeeeeeeesssssssssseesesssssesseeeeesssassaaaeas 1 10 Sepa Japu Dermis Of Import LU siicrresecanciesirnateasecaieresesaiuasatasteieediesaadaatatasarsaeianiusccsesassaedeoiaaidurssesadeieasienieueid l 11 Sep Farn Derails Of TI
10. MPO LG adress sis citi rnatrascrarecauepeneneeasaiceatatgssaiiauysaeiasdpsadsaacastareaapiiaaseuasaassasPeaaieeesas l 11 Sepo Modify Details of Impor DC sorisa iiA EA l 12 ADs AMGEN 6 ee eee AEE OEE AE ER 1 13 7 1 Verify prospect customer details cc ccccccccccccsccccccccceceeeeeeeeeeeeeaeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeseeeeeeeeeeeeeeeeeeeeess 1 15 Tak SBER t E TE E E S E E E E E 1 16 Tia S DN A E a A E ERE E E E AEAEE 1 17 7 4 Inform Regulatory Internal authorities on AML checks failure ccc cccccccccccccceeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeenees 1 18 7 5 ite tial Blacklist C Meck cractnsccnenaadacreanincauaneeasdemdaeheauaencteacacacaestaontMacussataat enh imossentes antenna EEEE a Eain aait 1 19 7 6 Verniy Customer Prospect Contaci Detall Searsin inne EE 1 21 7 1 Verify Nat fe Details of Transactiofi cssesrsrisrisrsterscsrercnrdcrurerutdenuon nienn KALE NEENA ENEKEN EEEE ESOK AEEA NENE Erri TEENE Eei 1 23 7 8 Obtain Additional TiN mina OL sessie E EE A E OE 1 24 Step 8 Notify Prospect Customer on Negative Status of AML Checks 0n0000000000000n00nnannnnnnnaaaeaeaaaaae 1 26 TCT NPIS 1 CITI COSI eater e serena agrees eae E E A 1 26 Step 10 TOI Twa esau a aes erase dots E adem cna E 1 27 Step 11 DOS TIO ICT LCC CI aceasta ey ENEE NEEE E NT 1 28 Step 12 DOV DOC CTI ecescnss eee E E sets te senatane ar ches sed ane ne ca tenn ecen cence ees 1 28 ORACLE 1 1 1 2 1 Import LC Issuance Introducti
11. NNER1 Effective Date 94 2008 Positive Tolerance Party Type APP Tenor 8D Negative Tolerance Dated Expiry Date 9 9 2008 Max Amount i Customer Reference Expiry Place gsdg Liability Tolerance License Expiry Date Closure Date 1079 2008 Liability Amount i Remarks StopDate 9 9 2008 Tolerance Text Jone perau Credit Drafts Commission ey bazic Tax z Collateral Events Linkages Fields Mis Limits Customer Information Documents Prey Remarks Remarks aj 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 E Information Web Page Dialog MESSAGE REFERENCE T The taskis completed successfully LEIP 004 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 next activity 7 8 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 activ
12. SDN checks e Verify SDN Match e Inform Regulatory Internal authorities on checks failure e Internal Blacklist check e AML Decision ORACLE Start SDN Check l Match SDN check result No match Yes atch cleare No a No Blacklist check passsed a No Verification successful Yes Verification gt End successful A A Yes No Verification Legend successful Computer Aided Human Task System Task Human Task 1 14 ORACLE 7 1 Verify prospect customer 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 Sub process AML task to acquire it The following screen is displayed E Information Web Page Dialog MESSAGE REFERENCE l The Task was successfully Acquired COO If you have requisite rights double click on the task in your Assigned task list and invoke the following screen A Verify Customer Details Web Page Dialog Workflow Reference ImportLCProcessFlow1939 Priority Lowy w Lt Details Customer Information Product ILIM Customer WiNoooo4 Product Type Import Customer Mame WINNER Currency USD Contract Amount S000 00 Expiry Date 9 24 2008 Documents Customer Info
13. USD Customer MUNOO1MUN Issue Date 7 3 2000 Contract Amount Customer Name Chamundi Effective Date 7 3 2000 Positive Tolerance 5 Party Type APP Tenor 1D Negative Tolerance 5 Dated Expiry Date 7 4 2000 Max Amount 1 050 00 Customer Reference Expiry Place BNK Liability Tolerance License Expiry Date Closure Date 8 3 2000 Liability Amount 1 050 00 Remarks StopDate 7 4 2000 Tolerance Text Currency Type Straic Avail With BNK Amount 1 050 00 Mode Sight Pa t Details Liability 1 050 00 Back To Back LC Other Details Type of guarantee INCO Term Applicable Rule EUCP LATEST VERSIC Guarantee INCO Description Rule Narative Regulatory Reporting Details Date Of Reporting Ep Name Of Regulatory Body Remarks Prev Remarks Remarks i Outcome LALR ILII SALAISIA PROCEED 7 5 Internal Blacklist Check Drafts Commission Charges Settlement Tax Collateral Events Linkages Fields Mis Limits Customer Information Documents 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 Check task to acquire it The following screen is displayed E Information Web Page Dialog MESSAGE REFERENCE T The Task was successtully Acquired COO If you have requisite rights double click on the task in your Assigned task list and invoke the
14. View Documents Web Page Dialog Document verity Document Category Docment Type Mandatory Document Ret Number WEW FORM 16 INCOME Bor MANDATORY 951 VIEWS 1 30 ORACLE ORACLE Import LC Issuance April 2009 Version 10 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 2009 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 p
15. ated E Expiry Date 9 24 2008 Max Amount 5500 00 Customer Reference Expiry Place Liability Tolerance License Expiry Date Closure Date 1047008 Liability Amount Remarks StopDate 9 24 2008 Tolerance Text I None v Default Credit Drafts Commission Charges Settlement Tax Collateral Events Linkages Fields Mis Limits Customer Information Documents Prey Remarks Remarks Outcome PROCEED 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 11 ORACLE Verification of Import LC Web Page Dialog Workflow Reference ImportLCProcessFlow1839 Product Description LC Issuance i Product Type Main Preferences Parties LC Details Currency USD Contract Amount Positive Tolerance Negative Toleran
16. ce Max Amount Liability Tolerance Liability Amount Tolerance Text F Shipment Documents Priority Low v Contract Reference VVINILINOS24501 22 User Reference YVINILIN0862450122 Source Reference YVINILINO624501 22 Margin Money Appl Tracers Advices Customer YVINOOOO1 Customer Name VVINNER1 Party Type APP Dated Customer Reference License Expiry Date Remarks Operation Code Source FLEXCUBE Contract Versions A 1 F Issue Date 9M 2008 Effective Date 9M 2008 Tenor 8D Expiry Date 9 9 2008 Expiry Place gsdg Closure Date 10 9 2008 StopDate 9 9 2008 perau Credit Drafts Commission Charges Settlement Tax Collateral Events Linkages Fields MIS Limits Customer Information Documents Prey Remarks Remarks REJECT 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 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 ta
17. ein NOTSATISFACTORY Ea Exit j j SATISFACTORY NOTSATISFACTORY 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 25 ORACLE E Information Web Page Dialog MESSAGE REFERENCE O The taskis completed successfully LEIF 004 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 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 Rejection of Import LC Web Page Dialog VWorkflow Feterence ImportL Process Flow 1662 Priority Low ao Lil Details Customer Informa
18. erson of such revision or changes All company and product names are trademarks of the respective companies with which they are associated
19. he 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 Information Web Page Dialog MESSAGE REFERENCE Q The taskis completed successfully LEIP 004 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 7 4 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 1 18 ORACLE mu D VPG OUVI Luut pe User Reference CHOIMLP001850080 Source Code FLEXCUBE Description import Ic Source Reference CHOIMLP001850080 Product Type mport Contract Versions Ki 1 5 Margin Money Appl Main Preferences Parties Shipment Documents Tracers LC Details Currency
20. ities Click Acquire button adjoining the Obtain Additional Information task to acquire it The following screen is displayed 1 24 ORACLE E Information Web Page Dialog MESSAGE REFERENCE T The Task was successfully Acquired COO If you have requisite rights double click on the task in your Assigned task list and invoke the following screen Obtain Additional Information Web Page Dialog Workflow Reference ImportLCProcessFlow1939 Priority Low v Product ILIN P Contract Reference YWINILINO82450142 Operation Code Oper User Reference VVINILINO82450142 Source Code FLEXCUBE Description LC Issuance Ni Source Reference YINILINO82450142 Product Type lImport Contract Versions lt q 1 gt Margin Money Appl Main Preferences Parties Shipment Documents Tracers Advices LC Details Currency USD Customer YVINOO001 Issue Date 9M 2008 Contract Amount 5000 00 Customer Name YVINNER1 Effective Date 9M 2008 Positive Tolerance 10 Party Type APP Tenor 23D Negative Tolerance 10 Dated Expiry Date 9 24 2008 Max Amount 5500 00 Customer Reference Expiry Place CHENNAI Liability Tolerance License Expiry Date Closure Date 10 24 2008 Liability Amount 5500 00 Remarks StopDate 9 24 2008 Tolerance Text None Derant Currency Drafts Commission Charges Settlement Tax Collateral Events Linkages Fields MIS Limits Customer Information Documents Prev Remarks Remarks
21. ity Product ho Users Mame C ImporttLCProcessFlowi 617 _ Receive and CCSEROLE ALLROLES 2005 04 07 Verity LE 17 00 46 Import SMT 05 30 C ImporttLCProcessFlow1 715 _ Receive and CCSEROLE ALLROLES 2009 04 08 Verity LO 17 02 02 Import SMT 05 30 O ImportL ProcessFlow1 oa _ Receive and COSEROLE ALLROLES 2009 04 14 Verity LE 11 47 19 Import MT 05 30 C ImportL CProcessFlowdGe4 _ Receive and CCOSEROLE ALLROLES 2009 04 13 gt Rowe ae LO o AA A A Action Time Pickup 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 Retrieve Customer Limit Details Web Page Dialog Workflow Reference ImportLCProcessFlow1939 Priority Low we LE Details Customer Information Product ILIM Customer WiNoooo4 Description LC lesuance hh Customer Mame VWMMER Product Type Import Currency USD Contract Amount 5000 00 Expiry Date S24 2008 Documents Customer Information Limits Prey Remarks Remarks Outcome r r SUFFICIEMTLIMIT INSUFFICIEMTLINIT 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 Fr Customer Limit Details Web Page Dialog Customer Information Liability Number MIMO0001 C
22. k 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 7 6 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 1 21 ORACLE E Information Web Page Dialog MESSAGE REFERENCE T The Task was successfully Acquired COO If you have requisite rights double click on the task in your Assigned task list and invoke the following screen Verify Customer Details Web Page Dialog Workflow Reference ImportLCProcessFlow1939 Priority Low vw Contract Reference YVINILINOS24501 42 Operation Code Open User Reference YYINILINO82450142 Source FLEXCUBE Source Reference YVINILINO82450142 Product ILIN P Description LC Issuance NM Product Type Import Contract Yersions KE 1 F Margin Money Appl Main Preferences Parties Shipment Documents Tracers Advices LC Details Currency USD Contract Amount 5000 00 Positive Tolerance 10 Negative Tolerance 10 Max Amount 5500 00 Liability Tolerance Liability Amount 5500 00 Tolerance Text Customer INOOO01 Customer Name VVINNER1 Party Type
23. ntract Amount 10000 00 Expiry Date 90 2009 Documents Customer Information Prey Remarks Remarks 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 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 1 3 ORACLE 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 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 app
24. oe Sf 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 1 1 ORACLE Document missing Result of verification Verification successful Verify Successful AML Check SubProcess No Successful Create Modify Details of LC A Limit Approved a Yes Legend 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 screen type LCDTROO1 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 A Recieve and erify Web Page Dialog Workflow Reference ImportLCPracessFlowd 31 Priority High LC Details Customer Information Product TTTT Customer 00015 Description LC lssuance Ri Customer Mame GBPBANK Product Type import sd Currency MF Co
25. on 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 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 Notify prospect customer on negative status of AML checks O Fr Ne
26. rance 10 Party Type APP Tenor 24D Negative Tolerance 10 Dated Expiry Date 9 25 2008 Max Amount 1100 00 Customer Reference Expiry Place CHE Liability Tolerance 0 License Expiry Date Closure Date 10 25 2008 Liability Amount 1100 00 Current Availablity 1100 00 StopDate 9 25 2008 Tolerance Text Jone Outstanding Liability 1100 00 Credit Guarantee Details Type Straight Available With Type of guarantee Mode Sight Payment Details Guarantee Revolving Detail Revolves in Automatic Reinstatement Remarks I Ints m ii Drafts Commission Charges Settlement Tax Collateral Events Linkages Fields MIS TransterDetail Maker SYSTEM DateTime Contract Status Active Checker SYSTEM DateTime Authorization Status Authorized 1 27 ORACLE 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 A Document Storage Details Web Page Dialog Workflow Reference ImportLCProcessFlow1 666 P
27. riorty Lowy wt LC Details Contract Reference IMILIMO 24500582 Customer WWMIOOOOS Customer Mame SDONCHECK Storage Details Storage Ret Number Place Of Storage Date Of Storage Time Of Storage Documents Prey Remarks Femarks utcome Exit PROCEED In this screen the following information 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 1 28 ORACLE 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 E Information Web Page Dialog MESSAGE REFERENCE O The taskis completed successfully LEIF 004 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 1 29 ORACLE A
28. rmation Prey Remarks Remarks Outcome ye PROCEED 1 15 ORACLE Click Document button to invoke Document Upload screen As a verifier you can view the uploaded documents E Document Upload Web Page Dialog Document Upload a Document Category Docment Type Document Ref Humber Document Path a ID PROOF Passport 709123 Browse UPLOAD SSN GREEN CARD 709124 Browse UPLOAD 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 E Information Web Page Dialog MESSAGE REFERENCE ao The taskis completed successfully LCIP O04 Click Ok button You will be taken back to the Verify Prospect Customer Details screen Click Exit button to exit the screen The task is then moved to the next activity 7 2 SDN check In this stage the bank checks the applicants 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 16 ORACLE 7 3
29. ropriate 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 1 Capturing Document Details Click Documents button and invoke the Document Upload screen lt 4 Document Upload Web Page Dialog Document Upload E Document Category Docment Type Document Ret Number Document Path UPLOAD PAN gt E identification wei 125 CADocuments and Setting Brow UPLOAD Here you need to specify the following details 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 1 4 ORACLE 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 button 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 a Information Web Page Dialog MESSAGE Document ID is 991 The
30. sk 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 12 ORACLE Step Modify import LC Web Page Dialog Workflow Reference Priority Low Contract Reference YVINILINO824501 22 VVINILINOS24501 22 VVINILINO824501 22 Product ILIN a P Operation Code User Reference FLEX CUBE Source Description LC Issuance M Source Reference Product Type Contract Versions lt q 1 F Margin Money Appl Main Preferences Parties Shipment Documents Tracers Advices LC Details Currency USD Contract Amount Positive Tolerance Negative Tolerance Max Amount 45 Customer YYINOOO01 Customer Name YVINNER1 Party Type APP Dated Customer Reference Issue Date 9 4 2008 Effective Date 94 2008 Tenor 8D 9 9 2008 Expiry Place gsdq Expiry Date Liability Tolerance Liability Amount License Expiry Date Closure Date 10 9 2008 StopDate 9 9 2008 Defautt Remarks Tolerance Text None Credit Drafts Commission Charges Settlement Tax Collateral Events Linkages Fields MIS Limits Customer Information Documents
31. 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 amp Error Message Web Page Dialog MESSAGE REFEREMCE Mandatory Documents not uploaded C3 DOC O07 Failed to Save the Record ST SA E 004 If any override documents are missing it will display an override message 1 5 ORACLE A Overrides Web Page Dialog MESSAGE REFERENCE C5 DOC E Overridable documents maintained for stage but not uploaded 0o20 Contirm Once the documents are uploaded click OK button You will be taken back to the Receive and Verify screen 1 2 Viewing Customer Details Click Customer Details button in the Receive and Verify screen and invoke the Customer Details screen Customer Details Web Page Dialog Customer Information Customer Mo 00015 Full Mame GBPEAME P a Existing Customer Contact Information Permanent Address Address LONDON Line 1 Line 2 Line 3 Country Telephone hA lsile hh eel 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
32. tion Product ILI Custamer wAMaongd Product Type Import Customer Mame VIDE FE Currenc yo USD Contract Amount 1000 00 Expiry Date 11 30 2008 Belver Dispatch of Advice Line 1 Line 2 Line 3 Line 4 Docume nt Customer Information Limit 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 1 26 ORACLE Arrange for ID Web Page Dialog wales vyorkflow Reference ImportLCProcessFlow1658 Priority Product P Contract Reference YVINILINOS2450062 Operation Code Open User Reference WMVINILINOS2450062 Source FLEXCUBE Description LC Issuance Ni Source Reference YWVINILINOS2450062 Product Type mport Contract versions lt q 15 Margin Money Appl Main Preferences Parties Shipment Documents Tracers Advices LC Details Currency USD Customer YViINOOOO1 Issue Date 972008 Contract Amount Customer Name VVINNER1 Effective Date 94 2008 Positive Tolerance Party Type APP Tenor 9D Negative Tolerance Dated Expiry Date 11 30 2008 Max Amount Customer Reference Expiry Place CHENNAI Liability Tolerance License Expir
33. ustomer Limit Details Line Code Line Serial Limit Sanctioned Available Limit Lint Expiry Date LIMLIMED1 20000000 20000000 2010 10 29 1 8 ORACLE 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 Ad hoc Limit check Web Page Dialog Workflow Reference ImportLCPracessFlowe1 939 Priority Lows we Le Details Customer Information Product ILIM Customer WihOoo04 Description Lt
34. y Date Closure Date 12 30 2008 Liability Amount Remarks StopDate 11 50 2006 Tolerance Text Credit me aee Drafts Commission Charges Settlement Tax Collateral Events Linkages Fields MIS Limits Customer Information Documents ev Remarks remarks Outcome Prev Remarks Remarks Outcome 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 Letters Of Credit Contract Detailed Web Page Dialog Product ILIN P Contract Reference YVINILINO62450102 Contract Versions lt q 1 gt User Reference YINILINO82450102 Description LC Issuance Non Source Reference WNILINOS2450102 Operation Code Open Revolving Source FLEXCUBE Product Type Import Main Preferences Parties Shipment Documents Tracers Advices LC Details Currency USD Customer VINOO001 Issue Date 9 4 2008 Contract Amount 1000 00 Customer Name YVINNER1 Effective Date 9M 7 2008 Positive Tole
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