To submit a request to close IBC after a successful settlement, through telex transfer (TT), follow these steps:
Step 1: Click on "Trade Services" >> "Export Collection" >> "Message to Bank" >> "From Existing IC"
- Click on "Search" and select the "System ID" required
Step 2: Send instructions for IBC closure to the bank
- Select Message Type as Correspondence
- Under Settlement Instructions, Select Reject from the "Disposal Instructions" in the drop-down menu
- Fill out all the required information and use Add a File if required (justification documents like swift)
- Under Free Format Message in Customer Instructions, write instructions and details of closing the IBC
- Click "Submit"