The Reimbursement business sector is used to handle reimbursement authorizations and reimbursement claims. When an issuing bank sends a reimbursement authorization, it authorizes the reimbursement bank to honor claims for payment under a specified letter of credit. When a received claim matches the conditions of the reimbursement authorization, the bank is authorized to debit an account of the issuing bank in order to credit the claiming bank.
The MyModelbank contains several contracts at various stages of processing which provide examples of the contingent variations. The relevant transactions have then been processed in full to illustrate the methods of working with the application. The list of contracts and processed transactions can be found in the chapter 'Contracts and Transactions'. These examples have been written with the standard version of the application. Due to the fact that customer-specific adjustments may have been carried out, real results can vary from those provided by the MyModelbank.
The different ways of working with the individual transactions are described in the user documentation of the application.