Import LC Issuance User Manual
Contents
1. 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 nformation Message The task is completed successfully Select the outcome as PROCEED and save the record by clicking the save icon in the tool bar The following screen will be displayed Information Message The task is completed successfully 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 2 9 Verify Customer Prospect Contact Details Users belonging to the user role CEROLE Compliance Executive can perform these activities 1 26 ORACLE 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 Information Message The task is completed successfully If you have requisite rights double click on the task in your Assigned task list and invoke the following screen Contract Details New Workflow Reference Product Code Product Description Product Type Priority Contract Reference2. 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 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 Not
3. 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 LCDTROO1 Contract Details CCSEROLE Contract Details 2 1 ORACLE ORACLE Import LC Issuance May 2012 Version 12 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 Software Limited reserves the right to alter modify or o
4. Click Exit button to exit the screen The task is then moved to the next activity 1 2 11 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 activities Click Acquire button adjoining the Obtain Additional Information task to acquire it The following screen is displayed nformation Message The task was successfully Acquired 1 30 ORACLE If you have requisite rights double click on the task in your Assigned task list and invoke the following screen Contract Details New Workflow Reference Priority Low Product Code Contract Reference Operation Code Product Description User Reference Source Code FLEXCUBE Source Reference Product Type of o Margin Money Applicable oes Parties Shipment Documents Travers Advices 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 Expiry Place Liability Tolerance License Expiry Date Closure Date Liability Amount Remarks Stop Date Tolerance Text Default Type Credit Available With Amount Mode v Details Liability Back To Back LC Other Details Type of guarantee INCO Term Applicable Rule Guarantee INCO Description Rul
5. 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 Contract Details New Workflow Reference Priority Low Product Code Contract Reference Operation Code Product Description User Reference Source Code FLEXCUBE Product Type Source Reference D 0 Margin Money Applicable Blocs Parties Shipment Documents Tracers Advices 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 Expiry Place Liability Tolerance License Expiry Date Closure Date Liability Amount Remarks Stop Date Tolerance Text Credit Type Credit Available With Amount Mode Details Liability 0 Back To Back LC Other Details Type of guarantee INCO Term Applicable Rule Guarantee INCO Description Rule Narrative Additional Information Line 1 Line 2 Line 3 Drats Commission Charges Settlement Collateral Linkage Details Customer Information Prev Remarks Remarks Audit Outcome 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
6. ORACLE Contract Details New Workflow Reference Priority Low LC Details Customer Information Product Description Customer Product Type import Customer Name Product Code Currency Contract Amount Expiry Date Documents Customer Information Prev 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 of 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 ON gt Information Message The task is completed successfully 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 7 Inform Regulatory Internal Authorities on AML Checks Failure 1 22 ORACLE 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 authorit
7. 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 Information Message The task was successfully Acquired If you have requisite rights double click on the task in your Assigned task list and invoke the following screen Contract Details New Workflow Reference LC Details Product Description Product Type import Product Code Currency Contract Amount Expiry Date Documents Customer Information Prev Remarks Audit Priority Low Customer Information Customer Customer Name Remarks v ORACLE Click Document button to invoke Document Upload screen As a verifier you can view the uploaded documents Document Upload Document Upload 100 C Document Category Document Type Document Reference Remarks Upload View gm 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 Q Information Message The task is completed successfully Click Ok button You will be taken back to the Ver
8. AMOUNT Created Date Priority Product No Users Name r ImportLCProcessFlow1617 Receive and CCSEROLE BLLROLES 2009 04 07 Verify LC 17 00 46 Import GMT 05 30 E ImportLCProcessFlow1715 Receive and CCSEROLE ALLROLES 2009 04 08 Verify LC 17 02 02 Import GMT 05 30 E ImportLCProcessFlow1937 Receive and CCSEROLE ALLROLES 2009 04 11 Verify LC 11 47 19 Import GMT 05 30 E ImportLCProcessFlow1984 _ Receive and CCSEROLE ALLROLES 2009 04 13 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 Contract Details New Workflow Reference Priority Low LC Details Customer Information Product Description Customer Product Type Import Customer Name Product Code Currency Contract Amount Expiry Date Documents Customer Information Prev Remarks Remarks Audit Outcome 1 9 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 Customer Limit Details Liability Number 10710 Line Code Line Serial Line Currency Limit Amount Available Limit H Here you can view the following details e Liability Number e Line Code e Line Serial e Line Sanctioned e Available L
9. Back LC Prev Remarks Remarks Audit Outcome 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 task to the Modify details of import LC stage Remarks If verification is a failure you need specify remarks stating the reason for failure 1 14 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 Contract Details New 9 Enter Query Product Code g Contract Reference Product Description User Reference Source Reference Product Type Parties Limits Shipment Documents Tracers Advices LC Details Currency Customer Contract Amount Customer Name Party Type Dated Customer Reference Positive To
10. F 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 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 EH vices Document Upload 101 Document Category Document Reference x Upload View Here you need to specify the following details 1 4 ORACLE 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 Documents Document Upload 10f1 Document Category Document Reference x Document Type x Upload View gjADDRESSPROOF gt Cj BANK STATEMENT 2 Document Upload Document Path In the Document Upload sub screen specify the corresponding document path and click the Submit button Once the document
11. Import LC Issuance Oracle FLEXCUBE Universal Banking Release 12 0 May 2012 Oracle Part Number E51527 01 ORACLE FINANCIAL SERVICES ORACLE Import LC Issuance Table of Contents 1 IMPORT LC ISSUANCE OR 1 1 ld INTRODUCTION iet ERR IPEEERHEREIEREHPRUBOnERIDIU DEEP RETE 1 1 1 2 STAGBSINIMPORT EC ISSUANCE iiie ERR RE PEE Eee EHE 1 1 124 Capturing Document 1 4 1 2 2 Viewing Customer Details 2 rti s Re ebd 1 7 1 2 3 Notify Prospect Customer on Negative Status of Limit eese ene 1 12 1 2 4 Verify Prospect Customer Details 1 18 1 2 5 SDN CHEER c 1 19 1 2 6 Verify SDN Match T 1 21 1 2 7 Inform Regulatory Internal Authorities on AML Checks Failure esee 1 22 1 2 8 Internal Blacklist Check tics ertet idet iie deterrere eva 1 23 1 2 9 Verify Customer Prospect Contact Details eese nennen ens 1 26 1 2 10 Verify Nature Details of Transaction eese eee trennen eene ens 1 28 12 1 Obtain Additional Information iiit tenti tiec ettet tbe phot Er euet vaesjenuwncvoesuwavesbents 1 30 2 SCREEN GLOSSARY 2 1 2 FUNCION oia Eare edr tere lite eret ore tees E re te e MEE 2
12. Receive and Verify screen 1 7 ORACLE 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 Outcome If 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 Information Message D The task is completed successfully The Workflow Reference Number is ImportLCProcessFlow2006 1 8 ORACLE 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 Release Resume Reassign Page 1 of 1 Jump to page TM Assignee Customer 5 WorkFlow Ref Number Ref Title Assignee Group gn
13. User Reference Source Reference Preferences Parties Shipment Documents Tracers Advices LC Details Currency Contract Amount Positive Tolerance Negative Tolerance Max Amount Liability Tolerance Liability Amount Tolerance Text Credit Other Details Type of guarantee Guarantee Additional Information Line 1 Customer Customer Name Party Type Dated Customer Reference License Expiry Date Remarks Credit Available With Details INCO Term INCO Description Line 2 Low Margin Money Applicable Operation Code Source Code FLEXCUBE ot 2 Issue Date Effective Date Tenor Expiry Date Expiry Place Closure Date Stop Date Amount Liability B Back To Back LC Applicable Rule Rule Narrative Line 3 Charges Settlement Collateral Linkage Details M Limits Customer Information Prev Remarks Remarks Audit Outcome 1 27 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 Information Message Information Message The task is co
14. ccount Number Storage Details Date of Storage Time of Storage Place of Storage Storage Reference Documents Prev Remarks Remarks Audit Outcome wl 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 Storage Details Capture the following storage details in this section Storage Ref Number Specify the storage reference number 1 35 Priority Low ORACLE 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 Information Message Information Message The task is completed successfully 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 Bl Document Code Document Description Verified 1 36 ORACLE
15. e Code FLEXCUBE Source Reference 4 o y Margin Money Applicable Product Description Product Type Parties Shipment Documents Tracers Advices 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 Expiry Place Liability Tolerance License Expiry Date Closure Date Liability Amount Remarks Stop Date Tolerance Tet Credit Available With Amount Details Liability jBackTo Back LC Other Details Type of guarantee INCO Term Applicable Rule Guarantee INCO Description Rule Narrative Additional Information Line 1 Settlement Tax Collateral Events Linkage Details Fields MIS Limits Customer Information Documents Prev Remarks Remarks Audit 1 29 ORACLE 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 Information Message The task is completed successfully The task moves to Obtain Additional Information stage Click Ok button You will be taken back to the Verify Transaction Details screen
16. e Narrative Additional Information Line 1 Line 2 Line 3 Settlement Collateral Linkage Details Customer Information Prev Remarks Audit Outcome g 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 the tool bar to move the task to Inform Regulatory Internal authorities on AML checks failure stage The following screen will be displayed 1 31 ORACLE gt Information Message The task is completed successfully 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 Contract Details New Workflow Reference Priority Low LC Details Customer Information Produc
17. er 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 Choose Save from the Actions menu or click save icon to save the record 1 11 ORACLE 1 2 3 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 New Workflow Reference Priority Low LC Details Customer Information Product Description Customer Product Type Customer Name Product Code Currency Contract Amount Expiry Date Customer Information Prev Remarks Remarks Audit Outcome 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 Outcome Select Proceed from the adjoining drop down list and save the record The task will get terminated after saving the stage 1 12 ORACLE Step 4 Input
18. ies 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 Contract Details New Workflow Reference Product Code Product Description Product Type Priority Contract Reference User Reference Source Reference Main Preferences Parties Shipment Documents Tracers Advices LC Details Currency Contract Amount Positive Tolerance Negative Tolerance Max Amount Liability Tolerance Liability Amount Tolerance Text Credit Type Mode Other Details Type of guarantee Guarantee Additional Information Line 1 Settlement Collateral Linkage Details Customer Information Prev Remarks 1 2 8 Internal Blacklist Check Customer Customer Name Party Type Dated Customer Reference License Expiry Date Remarks Credit Available With Details INCO Term INCO Description Line 2 Remarks Operation Code Source Code FLEXCUBE of 2 Margin Money Applicable Issue Date Effective Date Tenor Expiry Date Expiry Place Closure Date Stop Date Amount Liability Applicable Rule Rule Narrative Line 3 Audit Outcome 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 bu
19. ify Prospect Customer Details screen Click Exit button to exit the screen The task is then moved to the next activity 1 2 5 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 1 19 ORACLE 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 20 ORACLE 1 2 6 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 Information Message The task was successfully Acquired If you have requisite rights double click on the task in your Assigned task list and invoke the following screen 1 21
20. ify prospect customer on negative status of AML checks o uo oc w N Arrange term deposit o 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 T No successful Successful Yes AML Check SubProcess No Successful Yes Limit Sufficient argin Money Applicable v 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 LCDTROO 1 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 Receive amp Verify Save fi Hold Workflow Reference mporiLCProcessFlow1687 Priority LC Details Customer Information Product Description Cus
21. imit 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 1 10 ORACLE 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 Contract Details New Workflow Reference Priority Low LC Details Customer Information Product Description Customer ProductType mport Customer Name Product Code Currency Contract Amount Expiry Date Documents Customer Information Prev Remarks CELLS Audit Outcome 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 custom
22. is uploaded through the upload button the system displays the document reference number View Click View to view the document uploaded In Import LC Issuance process Document Upload feature is not available in all the stages Its availability in this process is given below Stage Title Function Doc Upload Available View Available Callform Not Available Not Available Exists Receive and verify LC LCDTRO001 Available Available Available import opening form and other documents Retrieve Customer Limit LODTROO2 Available Not Available Available 1 5 ORACLE Stage Title Function Id Doc Upload Available View Available Callform Not Available Not Available Exists Details Check for limit approval Not Available Notify prospect LCDTROO4 Not Not Available Available customer on negative Available status of limit Input details of LC LCDTROOS Available Not Available Available import issuance Verify details of LC LCDTROO06 Available Not Available Available import issuance Modify details of LC LCDTROO7 Available Not Available Available import Verify prospect CSDAMLO1 Available Not Available Available customer details SDN check Verify SDN Match CSDAMLO04 Available Not Available Available Inform Regulatory CSDAMLO3 Available Not Available Available Internal authorities o
23. lerance Negative Tolerance Max Amount Liability Tolerance Liability Amount Tolerance Text License Expiry Date Amount Liability Credit Credit Available With Details Revolving Detail Revolves in Units Automatic Reinstatement Cumulative Frequency Next Reinstatement Date Reimbursement Undertaking Undertaking Expiry Date Undertaking Amount Availed Undertaking Amount Status User Defined Status Derived Status Operation Code Source Code FLEXCUBE Version Number 4 Of 14 Issue Date Effective Date Tenor Expiry Date Expiry Place Auto Closure Closure Date Stop Date Pre Advice Date Reference To Pre advice Guarantee Details of guarantee Guarantee Loan for Collateral Partial Closure Charges Settlement Tax Linkage Details MIS Transfer Details BC Linkages Split Settlement All Messages Documents Maker Status Authorization Status Date Time Checker Date Time 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 ORACLE 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 pa
24. mpleted successfully 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 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 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 10 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 1 28 ORACLE Information Message The task is completed successfully If you have requisite rights double click on the task in your Assigned task list and invoke the following screen Contract Details New Workflow Reference Priority Low Product Code Contract Reference Operation Code User Reference Sourc
25. n AML checks failure Internal blacklist check CSDAMLO5 Available Not Available Available Verify Prospect CSDAMLOG Available Not Available Available Customer Contact Details Verify Nature Details CSDAMLO7 Available Not Available Available of Transaction Obtain Additional CSDAMLO2 Information Sub process AML checks Notify prospect customer on negative status of AML checks Arrange for TD LCDTROO9 Available Not Available Available Create import LC in LCDTR101 Available Not Available Available 1 6 ORACLE Stage Title Function Id Doc Upload Available View Available Callform Not Available Not Available Exists FLEXCUBE LCDTRMCR Store document LCDSTDOC Available Not Available Available reference in FLEXCUBE Store documents 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
26. osure Liability Amount Amount Closure Date Tolerance Text Liability Stop Date Pre Advice Date Reference To Pre advice Guarantee Details Credit Available With Type of guarantee Details Guarantee Revolving Detail Revolves in Automatic Reinstatement Remarks Units Cumulative Next Reinstatement Date Loan for Collateral Partial Closure Frequency Reimbursement Undertaking Undertaking Expiry Date Ayailed Undertaking Undertaking Amount Amount Status User Defined Status Derived Status Settlement Tax Collateral Events Linkage Details Fields Transfer Details BC Linkages Split Settlement Brokerage All Messages Date Time Status Authorization Status Checker Date Time 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 1 34 ORACLE 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 Store Documents New Workflow Reference Customer Information Customer Name Customer Number Account Details A
27. sses 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 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 result No match Blacklist check passsed lt m Verification successful Yes Verification End A successful A Yes No Verification Legend successful Computer Aided Human Task mesi System Task Human Task 1 17 ORACLE 1 2 4
28. t Description Customer ProductType Customer Name Product Code Currency Contract Amount Expiry Date Documents Customer Information Prev Remarks Remarks Audit Outcome 1 32 ORACLE 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 Contract Details New Workflow Reference Product Code Product Description Product Type Priority Contract Reference User Reference Source Reference Bl Preterences Parties Shipment Documents Tracers Advices LC Details Currency Contract Amount Positive Tolerance Negative Tolerance Max Amount Liability Tolerance Liability Amount Tolerance Text Credit Type Mode Other Details Type of guarantee Guarantee Additional Information Line 1 Customer Customer Name Party Type Dated Customer Reference License Expiry Date Remarks Credit Available With Details INCO Term INCO Description Line 2 ow ow Operation Code Source Code FLEXCUBE of gt Margin Money Applicable Issue Date Effective Date Tenor Expir
29. 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 1 13 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 task from your task list and process it further Contract Details New Workflow Reference Product Code Product Description Product Type Priority Contract Reference User Reference Source Reference Main Preferences Parties Shipment Documents Tracers Advices LC Details Currency Contract Amount Positive Tolerance Negative Tolerance Max Amount Liability Tolerance Liability Amount Tolerance Text Credit Type Mode Other Details Type of guarantee Guarantee Additional Information Line 1 Customer Customer Name Party Type Dated Customer Reference License Expiry Date Remarks Credit Available With Details INCO Term INCO Description Line 2 Operation Code Source Code FLEXCUBE of Margin Money Applicable Issue Date Effective Date Tenor Expiry Date Expiry Place Closure Date Stop Date Amount Liability Applicable Rule Rule Narrative Line 3 Back To
30. therwise 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
31. tomer a Product Type Customer Name Product Code a Currency Contract Amount Expiry Date Documents Customer Information Prev 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 1 3 ORACLE 1 2 1 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 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 CI
32. tton adjoining the Blacklist Check task to acquire it The following screen is displayed 1 23 ORACLE Information Message The task was successfully Acquired If you have requisite rights double click on the task in your Assigned task list and invoke the following screen Contract Details New Workflow Reference Priority Low LC Details Customer Information Product Description Customer ProductType Impt vy Customer Name Product Code Currency Contract Amount Expiry Date Documents Customer Information Prev Remarks Remarks Audit Outcome 1 24 ORACLE Click BlackList Check button to invoke Blacklist Check screen As a verifier you will be able to update only remarks in this stage Internal Blacklist Checks New Workflow Reference Account Details Account Number Description Currency Account Class p ThE Corporate Directors Contact Information Address Telephone Contact Person Name Telephone Email KYC Check Details SDN Result Internal Blacklist Result Documents Internal Blacklist Check Prev Remarks Audit Priority Low Customer Information Customer No Type Full Name SWIFT Code Permanent Address Country Line 1 Line 2 Line 3 Existing Bank Account Details M 4 totg M o Remarks 1 25 Corporate Bank Existing Customer Branch Code ORACLE
33. y Date Expiry Place Closure Date Stop Date Amount Liability Applicable Rule Rule Narrative Line 3 Back To Back LC Drafts Commission Charges Settlement Collateral Linkage Details Customer Information lt 5 Remarks Audit 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 1 33 ORACLE 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 Contract Details New 5 Enter Query Product Code g Contract Reference Operation Code Product Description User Reference Source Code FLEXCUBE Source Reference Version Number 4 of b Product Type Bees Parties Parties Limits Shipment Documents Tracers Advices 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 Expiry Place Liability Tolerance License Expiry Date Auto Cl
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