The transaction is used to close the Import L/C for whatever reason. The closing date of the contract is set to today's date.
Detailed information on the processing of assignments can be found under: “Assignments”.
An existing Import L/C contract which is not closed.
There may not be any open liabilities from unpaid sets of documents or any open subcontracts.
For incoming allNETT / RIVO messages see Overview of Incoming messages - allNETT / RIVO.
All fees not yet settled for the contract are transferred to the Settlement Panel and set to 'Settle immediately'.
For more information see TRNDIA Diaries.
Action | Description | Diary | Follow-up Transaction | Comment |
---|---|---|---|---|
Completed | Delete all Diaries |
The open amount of the contract remains unchanged.
All amounts posted to the liability are removed.
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 | TCO | DTA/DTE | Comment |
---|---|---|---|---|---|---|
Advice of L/C Cancelation / Advice of Reduction / Amendment Acceptance | Applicant's Bank/ Applicant | LITAPL1 | 709/ 759 | 709/ 759 | If “Send Message to Applicant/ App. Bank” is checked. 709 Advice of Reduction. 759 In other cases., e.g. as Advice of Acceptance of an Amendment by the Beneficiary. |
|
Reimbursement Cancelation | Reimbursement Bank | LITRMB3 | 747 |
Signature required
Cancelation
Assignment
Participation Sold
Liability
Settlement Details
Settlement
Bookings
Cash Cover
DTAEA Fields
DTALC Fields
Completion
Incoming Tag 72/79
Messages
Compliance
Attachments
Fee Conditions
DTAG Fields
Datafield | Description |
---|---|
Own Reference | cf Appendix A, Table LID 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 available under the letter of credit. cf Appendix A, Table CBB field AMT |
Revolving Flag | cf Appendix A, Table LID field REVFLG |
Authorized to Pay, Accept, Negotiate | This field indicates the bank authorized to pay, accept, negotiate or incur a deferred payment for the L/C. |
Available by | cf Appendix A, Table LID field AVBBY |
Red/Green Clause | cf Appendix A, Table LID field REDCLSFLG |
Opening Date | cf Appendix A, Table LID field OPNDAT |
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 |
Form of Documentary Credit | cf Appendix A, Table LID 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) | cf Appendix A, Table PTS field REF |