Table of Contents
Amending
Transaction LITAME
This transaction is used to make any kind of change to an Import L/C that do not require the consent of the beneficiary. These changes may include amount or validity changes, or changes to other conditions. Any change made to the contract is assigned an amendment number and an appropriate message is sent to all parties.
For information about handling and presentation of amended fields, refer to Handling of Amendments.
Assignments
Detailed information on the processing of assignments can be found under Assignments.
Auto-Extension
Detailed information on the processing of auto-extension can be found under Auto-Extension.
Requirements
An existing Import L/C contract which is open and not closed.
The number of amendments must be less than 999.
Incoming Messages
| Channel | Description | MT | Description | Comment |
|---|---|---|---|---|
| A | DTA Import | 707 | Amendment to Documentary Credit | |
| B | Bolero | 470 | DocumentaryCreditAmendmentRequest | |
| M | SmartForms | 707 | Amendment to Documentary Credit | |
| S | SWIFT | 772 | LC Request for Amendment Index | |
| T | TradeConnect | 707 | Amendment to Documentary Credit |
For incoming allNETT / RIVO messages see Overview of Incoming messages - allNETT / RIVO.
Transaction Control
Fees
| Fee Code | Set as Default | Units | from | until | Comment |
|---|---|---|---|---|---|
| LIFAME | Yes | 1 | Amendment Date | New Expiry Date |
Commissions
Results of this Transaction
Diaries
For more information see TRNDIA Diaries.
| Action | Description | Diary | Follow-up Transaction | Comment |
|---|---|---|---|---|
| Replace | Cancel MT740 for the unutilised balance | Date of Expiry | Common Messages | If Reimbursement Bank set |
| Replace | Import LC will expire | Date of Expiry - 10 Working Days | Common Messages | |
| Replace | Import LC Expired | Date of Expiry + 5 Working Days | Closing | |
| Replace | Next revolving instructions received? | Next Revolve Date - 5 Working Days | Common Messages | If Revolving L/C and “Awaiting Applicant´s Request” is filled and “Revolving Type” not “Revolving upon utilization” and “Next Revolve Date” filled. |
| Replace | Next revolving | Next Revolve Date | Revolving | If Revolving L/C and “Awaiting Applicant´s Request” is filled and “Revolving Type” not “Revolving upon utilization” and “Next Revolve Date” filled. |
| Replace | Advice Letter to the Customer | On the “Advice Date”, if filled | Common Messages | The Advice Date can be set on the “Auto-Extension” Panel when checkbox “Auto-Extension” is checked. |
| Replace | Auto-Extension of the Standby | On the “Non-Extension Date”, if filled | Internal Amendment | The Non-Extension Date can be set on the “Auto-Extension” Panel when checkbox “Auto-Extension” is checked. |
| Completed | Diaries that have been generated in transaction “Request of Amendment” (LITRAM) will be deleted, if the transaction has been executed as follow-up transaction of the diaries |
Updating/Storing of Amounts (CBS)
If the amount of the Import L/C is changed, the nominal amount, the maximum amount and the open amount of the L/C are updated.
Liability (LIA)
The liability posted to the contract is either increased or reduced by the amount of the change.
Outgoing Correspondence
Details on creation of messages can be found under DOCEOT Messages. For outgoing allNETT / RIVO messages see Overview of Outgoing messages - allNETT / RIVO.
Assignment Messages and messages concerning Participations Sold (Syndications) will be created.
| Name of Message | Receiver | Message ID | SWIFT | SWIFT Score | TCO | DTA/DTE | Bolero | Comment |
|---|---|---|---|---|---|---|---|---|
| Amendment | Advising Bank/ Beneficiary | LITADV1 | 707 | |||||
| Acknowledgment | Applicant's Bank/ Applicant | LITAPL1 | 730 | 773/707 | 707 | DTALCR 707 | 489 | |
| Amendment Acceptance | Applicant's Bank/ Applicant | LITAPL2 | 736 | 709/ 759 | If an autoreg. amendment is picked up and the amendment is finally stored. In case of reduction MT709, otherwise MT759. | |||
| Reimbursement Authorization | New Reimbursement Bank | LITRMB1 | 740 | |||||
| Reimbursement Amendment | Old Reimbursement Bank | LITRMB2 | 747 | Thie message is only generated if the changes in the L/C also bring about a change in the reimbursement conditions, such as a change in the date of maturity for example. |
Release
Source in Transaction
Transaction Panels
Amendment
Amendment
Overview
Additional Amount
Narrative
Details
Auto-Extension
Parties
allNETT Fields
Goods (Amend.)
Doc's (Amend.)
Add. Con. (Amend.)
Spe. pay conditions Ben (Amend.)
Spe. Pay. Cond. Bank only(Amend)
Revolving Details
Instr. to P, A, N. Bank (Amend)
Reimbursement
Goods
Documents
Additional Conditions
Loan Details
Special Paymt Cond. Beneficiary
Special Paymt Cond. Bank only
Transfer/ Back-to-Back L/Cs
Assignment
Participation Sold
Liability
Settlement Details
Settlement
Bookings
Cash Cover
Completion
Incoming Tag 72/79
Messages
Compliance
Attachments
DTAEA Fields
DTALC Fields
Fee Conditions
DTAG Fields
Amendment
Datafields
| Datafield | Description |
|---|---|
| Own Reference | If the L/C is amended using SWIFT, the information entered here is available in Tag 20 of the MT707. cf Appendix A, Table LID field OWNREF |
| Amendment Date | If the L/C is amended using SWIFT, the information entered here is available in Tag 30 of the MT707. This field specifies the date on which the relevant party considers the contract to be amended. |
| Amendment Number | Number of the current amendment to be used in external communication. Originally set either from incoming message or from actual AMENBR of contract. This field was used in outgoing amendment messages. |
| Number of Amendments | cf Appendix A, Table LID field AMENBR |
| Currency | cf Appendix A, Table CBB field CUR |
| Nominal Amount | This field displays the old nominal amount available under the letter of credit. cf Appendix A, Table CBB field AMT |
| Amount Tolerance - Positive | cf Appendix A, Table LID field NOMTOP |
| Amount Tolerance - Negative | cf Appendix A, Table LID field NOMTON |
| Currency | cf Appendix A, Table CBB field CUR |
| Maximum Amount | This field displays the old maximum amount available under the letter of credit. cf Appendix A, Table CBB field AMT |
| Currency | If the L/C is amended using SWIFT, the information entered here is available in Tag 32B of the MT 707. |
| Amendment Amount | If the L/C is amended using SWIFT the information entered here is available in Tag 32B (if the L/C amount is increased) or in Tag 33B (if the L/C amount is decreased) of the MT707. This field contains the amendment amount of the contract. |
| Currency | This field contains the currency identified by the ISO code belonging to the amount next to it. |
| Maximum Amendment Amount | This field contains the maximum amended amount under the letter of credit. It is calculated by adding the positive tolerance amount to the amended amount of the L/C. (If the positive tolerance is amended in this transactions, this entry is used for calculation, otherwise the old percentage). |
| New Currency | If the L/C is amended using SWIFT, the information entered here is available in Tag 34B of the MT707. |
| New Amount | If the L/C is amended using SWIFT, the information entered here is available in Tag 34B of the MT707. If amended, the information entered here will be stored in the database. This field contains the new nominal amount. This is calculated by adding the amendment amount to the old nominal amount. |
| New Positive Tolerance | If the L/C is amended using SWIFT, the information entered here is available in Tag 39A of the MT707. If amended, the information entered here will be stored in the database. This field specifies the new positive percentage tolerance for the documentary credit. In order to calculate the new maximum amount, the positive tolerance amount is added to the new nominal amount. |
| New Negative Tolerance | If the L/C is amended using SWIFT, the information entered here is available in Tag 39A of the MT707. This field specifies the new negative percentage tolerance for the documentary credit. |
| Currency | If the L/C is amended using SWIFT, the information entered here is available in Tag 39B of the MT707. This field contains the currency identified by the ISO code for the amount next to it. |
| Maximum amount | If the L/V is changed using SWIFT, the information entered here is available in Tag 39B of the MT707. In the event of a change, information entered here is stored in the database. This field contains the new maximum amended amount under the letter of credit. It is calculated by adding the new positive tolerance amount to the amended amount of the L/C. This field indicates the new maximum risk of the issuing bank under the L/C and is also booked as liability. |
| Amount Specification | If the L/C is amended using SWIFT, the information entered here is available in Tag 39B of the MT707. If amended, the information entered here will be stored in the database. This field further qualifies the documentary credit amount. |
| Date of Expiry | cf Appendix A, Table LID field EXPDAT |
| New Expiry Date | If the L/C is amended using SWIFT, the information entered here is available in Tag 31E of the MT707. If amended, the information entered here will be stored in the database. This field contains the new (amended) expiry date of the L/C. |
| Shipment Date | cf Appendix A, Table LID field SHPDAT |
| New Shipment Date | If the L/C is amended using SWIFT, the information entered here is available in Tag 44C of the MT707. If amended, the information entered here will be stored in the database. This field contains the new (amended) date of shipment. |
| Shipment Period | If the L/C is amended using SWIFT, the information entered here is available in Tag 44D of the MT707. If amended, the information entered here will be stored in the database. This field specifies the new period of time during which the goods have to be shipped in order for the documents to be L/C compliant. |
| Shipment from | If the L/C is amended using SWIFT, the information entered here is available in Tag 44A of the MT707. If amended, the information entered here will be stored in the database. This field specifies the new place of dispatch, or transfer of goods or loading on board. |
| Air-/Port of Departure | This field contains the port or airport of departure. |
| Air-/Port of Destination | This field contains the port or airport of destination. |
| Final Destination | If the L/C is amended using SWIFT, the information entered here is available in Tag 44B of the MT707. If amended, the information entered here will be stored in the database. This field specifies the new final destination of the goods shipped under the L/C. |
| Additional Amount Covered | If the L/C is amended using SWIFT, the information entered here is available in Tag 39C of the MT707. If amended, the information entered here will be stored in the database. This field specifies any amendments to the additional amount covered, such as insurance, freight, interest etc. |
| Additional Amount Flag | This flag controls the storage of an additional amount for a contract. Unchecking this flag automatically eliminates existing additional amounts when the transaction is saved. To introduce additional amounts this flag first has to be checked. |
| Additional Amount | This field holds the new additional amount if the amount has changed. When the transaction is saved, additional amounts are adjusted to this amount. |
| Generate Amendment Message | If checked, the current transaction generates an outgoing amendment message. If an amendment message has been generated in an xxxRAM transaction, the corresponding xxxAME transaction will no longer generate an outgoing amendment message. In this case, when the transaction starts the field is not filled. |
Amendment
Datafields
| Datafield | Description |
|---|---|
| Purpose of Message | This field specifies the purpose of the outgoing message as required for the outgoing SWIFT MT707 message, such as the Issuance of an L/C Amendment in transaction LITAME or the advise of a L/C Amendment in transaction LETAME. |
| Days of presentation period | cf Appendix A, Table LID field PREPERS18 |
| Presentation period text | cf Appendix A, Table LID field PREPERTXTS18 |
| Presentation Period | cf Appendix A, Table LIT field PREPER |
Overview
Datafields
| Datafield | Description |
|---|---|
| Form of Documentary Credit | cf Appendix A, Table LID field LCRTYP |
| Direct rejection | cf Appendix A, Table LID field REJFLG |
| Responsible User | cf Appendix A, Table LID field OWNUSR |
| Reserved Contract | cf Appendix A, Table LID field RESFLG |
| Nominal L/C Amount | This field contains the nominal amount of the letter of credit. cf Appendix A, Table CBB field AMT |
| Additional Amount | If this box is checked, additional amounts are available under the contract and an additional panel is available to enter details. |
| Amount Tolerance - Positive | cf Appendix A, Table LID field NOMTOP |
| Amount Tolerance - Negative | cf Appendix A, Table LID field NOMTON |
| Type of Request | cf Appendix A, Table LID field REQTYP |
| Amount Specification | cf Appendix A, Table LID field NOMSPC |
| Currency | cf Appendix A, Table CBB field CUR |
| Maximum L/C Amount | This field contains the amximum amount available under the letter of credit. cf Appendix A, Table CBB field AMT |
| Open Date | If the L/C is amended using SWIFT, the information entered here is available in Tag 31C of the MT707. cf Appendix A, Table LID field OPNDAT |
| Date Pre-advised | cf Appendix A, Table LID field PREADVDT |
| Shipment Date | cf Appendix A, Table LID field SHPDAT |
| Date of Expiry | cf Appendix A, Table LID field EXPDAT |
| Place of Expiry | cf Appendix A, Table LID field EXPPLC |
| Partial Shipment | cf Appendix A, Table LID field SHPPAR |
| Partial Shipment | cf Appendix A, Table LID field SHPPARS18 |
| Transshipment | cf Appendix A, Table LID field SHPTRS |
| Transhipment | cf Appendix A, Table LID field SHPTRSS18 |
| Applicable Rules | cf Appendix A, Table LID field APPRUL |
| Other Applicable Rules | cf Appendix A, Table LID field APPRULTXT |
| Confirmation Instructions | cf Appendix A, Table LID field CNFDET |
| Currency | cf Appendix A, Table CBB field CUR |
| Open Amount | This field contains the amount available under the letter of credit. cf Appendix A, Table CBB field AMT |
| Your Order Dated | cf Appendix A, Table LID field ORDDAT |
| External Key | cf Appendix A, Table PTS field EXTKEY |
| Address Block | cf Appendix A, Table PTS field ADRBLK |
| Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
| External Key | cf Appendix A, Table PTS field EXTKEY |
| Address Block | cf Appendix A, Table PTS field ADRBLK |
| Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
| External Key | cf Appendix A, Table PTS field EXTKEY |
| Address Block | cf Appendix A, Table PTS field ADRBLK |
| Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
| Reimbursement Information | cf Appendix A, Table LID field RMBFLG |
| Revolving Flag | cf Appendix A, Table LID field REVFLG |
| Auto-Extension | cf Appendix A, Table LID field AUTRNWFLG |
| Domestic L/C | cf Appendix A, Table LID field DOMFLG |
| Assignment of Proceeds | cf Appendix A, Table LID field AOPFLG |
| Specify Loan Term | cf Appendix A, Table LID field SPFINFLG |
Narrative
Datafields
| Datafield | Description |
|---|---|
| Historic Overview of Amendment Narratives | cf Appendix A, Table LIT field NARHIS |
| Amendment Text | If the L/C is amended using SWIFT, the information entered here is available in Tag 79 of the MT707. If amended, the information entered here will be stored in the database. |
Details
Datafields
| Datafield | Description |
|---|---|
| Available with | cf Appendix A, Table LID field AVBWTH |
| Available in | cf Appendix A, Table LIT field AVBWTHTXT |
| Available by | cf Appendix A, Table LID field AVBBY |
| Usance Payable at Sight/Usance | cf Appendix A, Table LID field UPATYP |
| UPAU days | cf Appendix A, Table LID field UPAUDS |
| Deferred Payment Details | cf Appendix A, Table LIT field DEFDET |
| Drafts at | cf Appendix A, Table LIT field DFTAT |
| External Key | cf Appendix A, Table PTS field EXTKEY |
| Address Block | cf Appendix A, Table PTS field ADRBLK |
| Shipment from | cf Appendix A, Table LID field SHPFRO |
| Port of Loading | cf Appendix A, Table LID field PORLOA |
| Port of Discharge | cf Appendix A, Table LID field PORDIS |
| For Transportation to | cf Appendix A, Table LID field SHPTO |
| Shipment Period | cf Appendix A, Table LIT field SHPPER |
| Presentation Period | cf Appendix A, Table LIT field PREPER |
| Presentation Period modified | cf Appendix A, Table LIT field PREPERFLG |
| Days of presentation period | cf Appendix A, Table LID field PREPERS18 |
| Presentation period text | cf Appendix A, Table LID field PREPERTXTS18 |
| Additional Details for Charges | cf Appendix A, Table LIT field FEETXT |
| Fee settlement - our fee to be debited to | cf Appendix A, Table LID field CHATO |
| Country Code (Risk Country) | cf Appendix A, Table LID field STACTY |
| Mixed Payment Details | cf Appendix A, Table LIT field MIXDET |
Auto-Extension
Datafields
| Datafield | Description |
|---|---|
| Count of Advised Subcontracts without Documents | cf Appendix A, Table LID field ADVNBR |
| Notify Period | cf Appendix A, Table LID field NOTNBR |
| Extension Period | cf Appendix A, Table LID field RNWNBR |
| Final Expiry Date | cf Appendix A, Table LID field EXPDATFIN |
| Notification Information | cf Appendix A, Table LIT field NOTTXT |
Parties
Datafields
| Datafield | Description |
|---|---|
| External Key | cf Appendix A, Table PTS field EXTKEY |
| Address Block | cf Appendix A, Table PTS field ADRBLK |
| Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
| External Key | cf Appendix A, Table PTS field EXTKEY |
| Address Block | cf Appendix A, Table PTS field ADRBLK |
| Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
| External Key | cf Appendix A, Table PTS field EXTKEY |
| Address Block | cf Appendix A, Table PTS field ADRBLK |
| Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
| External Key | cf Appendix A, Table PTS field EXTKEY |
| Address Block | cf Appendix A, Table PTS field ADRBLK |
| Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
allNETT Fields
Datafields
| Datafield | Description |
|---|---|
| Incoterm Place | cf Appendix A, Table LID field INCTRMPLC |
| Incoterm Freight | cf Appendix A, Table LID field INCTRMFRT |
| Incoming allNETT Window ID 01W06 | cf Appendix A, Table LIT field INC01W06 |
| Incoming allNETT Window ID 01W07 | cf Appendix A, Table LIT field INC01W07 |
| Received Account Details | cf Appendix A, Table LIT field INCACCDET |
Goods (Amend.)
Datafields
Doc's (Amend.)
Datafields
Add. Con. (Amend.)
Datafields
| Datafield | Description |
|---|---|
| Additional Conditions (History) | cf Appendix A, Table LIT field ADLCNDAME |
| Red/Green Clause | cf Appendix A, Table LID field REDCLSFLG |
| Red/Green Clause Currency | cf Appendix A, Table LID field REDCLSCUR |
| Red/Green Clause Amount | cf Appendix A, Table LID field REDCLSAMT |
| Red/Green Clause Percentage | cf Appendix A, Table LID field REDCLSPRC |
| Special payment conditions for beneficiary exists | cf Appendix A, Table LID field SPCBENFLG |
| Special Payment Conditions for specified Bank only | cf Appendix A, Table LID field SPCRCBFLG |
Spe. pay conditions Ben (Amend.)
Datafields
| Datafield | Description |
|---|---|
| Special payment Conditions for beneficiary (History) | cf Appendix A, Table LIT field SPCBENAME |
Spe. Pay. Cond. Bank only(Amend)
Datafields
| Datafield | Description |
|---|---|
| Special Payment Conditions for Bank Only (History) | cf Appendix A, Table LIT field SPCRCBAME |
Revolving Details
Datafields
| Datafield | Description |
|---|---|
| Revolving Type | cf Appendix A, Table LID field REVTYP |
| Credit is Marked as Cumulative | cf Appendix A, Table LID field REVCUM |
| Revolving Times | cf Appendix A, Table LID field REVTIMES |
| Number of Revolvings under L/C | cf Appendix A, Table LID field REVNBR |
| Revolving Date | cf Appendix A, Table LID field REVDAT |
| Awaiting Applicant's Request | cf Appendix A, Table LID field REVAWAPL |
| Revolving Clause | cf Appendix A, Table LIT field REVCLS |
| Notes to Applicant | cf Appendix A, Table LIT field REVNOTES |
Instr. to P, A, N. Bank (Amend)
Datafields
| Datafield | Description |
|---|---|
| Instructions to Paying/Accepting/Negotiating Bank | cf Appendix A, Table LIT field INSBNK |
| Instructions to P/A/N (Amendment History) | cf Appendix A, Table LIT field INSBNKAME |
Reimbursement
Datafields
| Datafield | Description |
|---|---|
| Default Account | cf Appendix A, Table PTS field DFTACT |
| Reimbursing Bank Account Identification | cf Appendix A, Table LID field RMBACT |
| Reimbursing Bank's Charges | cf Appendix A, Table LID field RMBCHA |
| Reimbursement Charges | cf Appendix A, Table LIT field RMBCHA |
| Applicable Rules Reimbursement | cf Appendix A, Table LID field APPRULRMB |
| Date of Authorization to Reimburse | cf Appendix A, Table LID field AUTDAT |
Goods
Datafields
| Datafield | Description |
|---|---|
| Description of Goods | cf Appendix A, Table LIT field LCRGOD |
| Goods Code (for Statistics) | cf Appendix A, Table LID field STAGOD |
Documents
Datafields
Additional Conditions
Datafields
| Datafield | Description |
|---|---|
| Additional Conditions | cf Appendix A, Table LIT field ADLCND |
| ALADI Checkbox | cf Appendix A, Table LID field ALADIFLG |
| ALADI Reimb. Code | cf Appendix A, Table LID field ALADICOD |
Loan Details
Datafields
| Datafield | Description |
|---|---|
| Base Rate | cf Appendix A, Table LID field IRTCOD |
| Cash Base | cf Appendix A, Table LID field CSHRAT |
| Liquidity costs | cf Appendix A, Table LID field LQDRAT |
| Financing Flat Fee | cf Appendix A, Table LID field OWNRATFLG |
| Our margin | cf Appendix A, Table LID field OWNRAT |
| Document Currency | cf Appendix A, Table LID field OWNCUR |
| Fixed price for total maturity | cf Appendix A, Table LID field OWNAMT |
| Total interest rate | Sum of interest costs + liquidity costs + our margin The total interest rate used to calculate the commission. |
| Financing Period | cf Appendix A, Table LID field INTDAYLC |
Special Paymt Cond. Beneficiary
Datafields
| Datafield | Description |
|---|---|
| Special Payment Conditions for Beneficiary | cf Appendix A, Table LIT field SPCBEN |
Special Paymt Cond. Bank only
Datafields
| Datafield | Description |
|---|---|
| Special Payment Conditions for Bank Only | cf Appendix A, Table LIT field SPCRCB |
Transfer/ Back-to-Back L/Cs
Datafields
| Datafield | Description |
|---|---|
| Own Reference | cf Appendix A, Table LED field OWNREF |
| Currency | cf Appendix A, Table CBB field CUR |
| Nominal L/C Amount | This field contains the nominal amount of the letter of credit cf Appendix A, Table CBB field AMT |
| Additional Amount | If this box is checked, additional amounts are available under the contract and an additional panel is available to enter details. |
| Currency | cf Appendix A, Table CBB field CUR |
| Open Amount | This field contains the amount which is still available under the letter of credit. cf Appendix A, Table CBB field AMT |
| Revolving Flag | cf Appendix A, Table LED field REVFLG |
| Available by | cf Appendix A, Table LED field AVBBY |
| Red/Green Clause | cf Appendix A, Table LED field REDCLSFLG |
| Opening Date | cf Appendix A, Table LED field OPNDAT |
| Shipment Date | cf Appendix A, Table LED field SHPDAT |
| Date of Expiry | cf Appendix A, Table LED field EXPDAT |
| Place of Expiry | cf Appendix A, Table LED field EXPPLC |
| Form of Documentary Credit | cf Appendix A, Table LED field LCRTYP |
| Name | cf Appendix A, Table PTS field NAM |
| Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
| Name | cf Appendix A, Table PTS field NAM |
| Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
| Name | cf Appendix A, Table PTS field NAM |
| Reference for Address (Optional) | The Beneficiary is the exporter of the good's. cf Appendix A, Table PTS field REF |
| Confirmation text | This field contains a short description concerning the type of the letter of credit. |
Compliance
DTAG Fields
