Step 1: Click on Trade Services > Export Letter of Credit
Note: User permissions should be in place to work with Export Letters of Credit. If not, contact your Corporate Administrator.
- The Export Letter of Credit Landing page displays a list of Export Letter of Credits based on its transaction status. If you would like to check the status of a Letter of Credit, you would be able to see it on this page in the relevant tabs.
Live - Lists all the approved Letter of Credit records and the expired Letter of Credit records by the bank. (Maker)
Draft - Lists all the LCs in draft state and also the transactions that checker has returned for improvement. (Maker)
Actions - Lists all the Export Letters of Credit transactions on which the bank has requested further action. (Maker)
Pending Approval - Lists all existing Export Letters of Credit transactions that are awaiting approval from a second user within the corporate. (Checker)
Pending at Bank - Lists all existing Export Letters of Credit that are awaiting bank approval. (Maker)
Rejected - Lists all the rejected Letter of Credit records by the bank. The status given to such LCs is "Not Processed".
Other - Lists all the Export Letters of Credit transactions that are either expired or have been marked as purged by the bank. You cannot initiate further amendments or messages on such a transaction and can only use its data for inquiry purposes.
- The following buttons are also available in the Export Letter of Credit Landing page:
Request Export LC from MT700 - Use this option to upload an MT700 and request the bank to create a transaction record for you. (Maker)