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Monitor Letters of Credit [LC]

25 May 2016

Introduction

This post walks you through how to create new LC.

LC GRID

From Menu, select [SCM]>>[Monitor LC].
LC grid show the list of existing LC.
To create new LC, click [Add].

System calculates available balance of an LC as follows : LC amount plus Tolerance amount minus total of all bills linked to the given LC.

ADD LC

Select party name and date
Key in LC details, conversion rate etc and click [Save].

Once LC particulars are added, System takes you to the grid showing all bills for the given Party.

LC Line Grid

LC line grid show the list of bills linked to an LC
Click [Select] to select the bills details from the grid.

A bill already linked to an LC will not be shown in the Bills grid, during this process.

LC Line Add

Key in the bill amount and click [Save].
System validates whether the total bill amount (linked to this LC) exceeds the LC limit available.

View LC

Click [View] from LC grid to view details

Edit LC

Click [Edit] from LC grid to update the details of existing LC e.g. LC details, conversion rate etc.

Delete LC

Click [Delete] from LC grid to delete an LC.

LC Line Edit

Click [Edit] from LC line grid to update the bill amount.

LC Line Delete

Click [Delete] from LC line grid to delete the bill.

LC Report

From Menu, select [SCM]>>[LC Analysis].
Select the date range and click [Submit].
System generates LC report in excel.