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Internal Amendment
Transaction LETAMC
This transaction is used to add a later confirmation to the letter of credit. It can also be used for the purpose of a silent confirmation, i.e. the advising bank confirms the letter of credit to the beneficiary at his request but without being instructed by the issuing bank (details see under “Confirmations”). In addition, an existing confirmation may be modified or deleted or auto-extensions can be adjusted.
Auto-Extension
For the processing of Auto-Extension, the following amendment types are available:
- Auto-Extension
- Stop Auto-Extension
- Add Auto-Extension
“Auto-Extension” automatically extends the contract expiry date by processing of the auto-extension diary entry. When the user processes the transaction manually, this amendment type is not available.
The expiry date will be extended by adding the extension-period to the current expiry date. If a final expiry date exists, and it is before the calculated date, the final expiry date will be the new expiry date. The expiry date is updated with the new expiry date of the contract. The “Auto-Extension” panel is updated with the “new advice date” and “non-extension date” according to the new expiry date. The “Auto-Extension Advice” letter is generated in order to inform the applicant that the contract has automatically been renewed and the diary entries are updated according to the new auto-extension schedule.
The “amendment type” 'Stop Auto-Extension' allows cancellation of an existing auto-extension. When this option is selected, the auto-extension schedule is deleted, diaries related to auto-extension are set to done and a letter is sent to the beneficiary in order to advise the non-extension of the contract.
The “amendment type” 'Add Auto-Extension' allows adding of an auto-extension schedule. When this option is selected. the “Auto-Extension” checkbox is automatically set and the auto-extension panel is visible. The user can enter the details of the auto-extension and diary entries for the auto-extension are created.
Additional information on the processing of auto-extensions can be found under “Auto-Extension”.
Requirements
An existing Export L/C contract which is opened and not closed.
The unutilized amount must be higher than zero.
For incoming allNETT / RIVO messages see Overview of Incoming messages - allNETT / RIVO.
Transaction Control
Fees
None
Commissions
Results of this Transaction
Diaries
For more information see TRNDIA Diaries.
| Action | Description | Diary | Follow-up Transaction | Comment |
|---|---|---|---|---|
| Replace | Advice Letter to the Customer | On the “Advice Date”, if filled | Common Messages | If “Internal Amendment Type” = 'Auto-Extension' If “Internal Amendment Type” is not 'Stop Auto-Extension' or 'Auto-Extension' The Advice Date can be set on the “Auto-Extension” Panel when checkbox “Auto-Extension” is checked. |
| Replace | Auto-Extensionof the Standby | On the “Non-Extension-Date”, if filled | Internal Amendment | If “Internal Amendment Type” = 'Auto-Extension' If “Internal Amendment Type” is not 'Stop Auto-Extension' or 'Auto-Extension' The Non-Extension Date can be set on the “Auto-Extension” Panel when checkbox “Auto-Extension” is checked. |
| Completed | Advice Letter to the Customer | If “Internal Amendment Type” = 'Stop Auto-Extension' | ||
| Completed | Auto-Extensionof the Standby | If “Internal Amendment Type” = 'Stop Auto-Extension' |
Updating/Storing of Amounts (CBS)
Liability (LIA)
The amount of the confirmation is posted to the liability (AVL), or as AVS in the case of a silent confirmation.
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.
In this transaction, correspondence is only generated when the confirmation status or the confirmation amount is changed by the user.
Messages concerning Participations Sold (Syndications) will be created.
Reimbursement Claim messages are created under certain conditions.
| Name of Message | Receiver | Message ID | SWIFT | TCO | TCX | DTA/DTE | Comment |
|---|---|---|---|---|---|---|---|
| Acknowledgment of Confirmation | 1st Advising Bank/ Issuing Bank | LETISS1 | 730 | ||||
| L/C Confirmation | 2nd Advising Bank/Beneficiary | LETBEN1 | MT776 (Score message: If receiver is beneficiary) | T07 or 707* | T07 or 707* | DTAEA 707 | Provided that this relates to an open confirmation. |
| Cancelation of L/C Confirmation | Beneficiary | LETBEN2 | T07 or 707* | T07 or 707* | DTAEA 707 | ||
| Silent Confirmation | Beneficiary | LETBEN3 | MT776 (Score message: If receiver is beneficiary) | T07 or 707* | T07 or 707* | DTAEA 707 | Provided that this relates to a silent confirmation. |
| Reply Document - Assignment | Beneficiary | LETBEN4 | |||||
| Advice of Non-Extension | Beneficiary | LETBEN5 | If “Amendment Type” is 'Stop Auto-Extension'. | ||||
| Advice of Auto-Extension | Applicant | LETAPL1 | Available for “Amendment Type” 'Auto-Extension'. The message can only be sent via letter or fax as it should be signed by the customer. |
* The TradeConnect message can be created in DTA formate alternatively, if activated.
Release
Signature required
Transaction Panels
Internal Amendment
Overview
Parties
Goods
Documents
Add. Conditions
Special Paymt Cond. Beneficiary
Special Paymt Cond. Bank only
Further Bank Instructions
Details
Auto-Extension
Revolving Details
Transfers and Back-to-Back L/C
Additional Amount
Participation Sold
Liability
Settlement Details
Settlement
Bookings
Cash Cover
DTAEA Fields
DTALC Fields
Completion
Incoming Tag 72/79
Messages
Compliance
Attachments
Fee Conditions
Assignment
DTAG Fields
Internal Amendment
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. |
| Confirmation Instructions from Iss.Bank | cf Appendix A, Table LED field CNFDET |
| Confirmation Status / Confirmed by us | cf Appendix A, Table LED field CNFSTA |
| Currency | cf Appendix A, Table CBB field CUR |
| Amount | cf Appendix A, Table CBB field AMT |
| Partial Confirmation | cf Appendix A, Table LED field PARTCON |
| Confirmation requested on | This field contains the date the confirmation was requested. |
| Confirmation Date | cf Appendix A, Table LED field CNFDAT |
Overview
Datafields
| Datafield | Description |
|---|---|
| Direct rejection | cf Appendix A, Table LED field REJFLG |
| Responsible User | cf Appendix A, Table LED field OWNUSR |
| Reserved Contract | cf Appendix A, Table LED field RESFLG |
| 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 LED field NOMTOP |
| Amount Tolerance - Negative | cf Appendix A, Table LED field NOMTON |
| Collateralized L/C | cf Appendix A, Table LED field COLLFLG |
| Amount Specification | cf Appendix A, Table LED field NOMSPC |
| Incoming Transfer | cf Appendix A, Table LED field INCTRF |
| Currency | cf Appendix A, Table CBB field CUR |
| Maximum L/C Amount | This field contains the amount which can be utilzed maximal under the letter of credit and is calculated by using the face amount of the letter of credit plus any positive tolerances. Utilzations are deducted from this amount. Any additional amounts are not taken into account. cf Appendix A, Table CBB field AMT |
| Date Pre-advised | cf Appendix A, Table LED field PREADVDT |
| Date Released on | cf Appendix A, Table LED field ADVDAT |
| Maximum Tenor | cf Appendix A, Table LED field TENMAXDAY |
| Applicable Rules | cf Appendix A, Table LED field APPRUL |
| Other Applicable Rules | cf Appendix A, Table LED field APPRULTXT |
| Partial Shipment | cf Appendix A, Table LED field SHPPAR |
| Partial Shipment | cf Appendix A, Table LED field SHPPARS18 |
| Transshipment | cf Appendix A, Table LED field SHPTRS |
| Transhipment | cf Appendix A, Table LED field SHPTRSS18 |
| External Key | cf Appendix A, Table PTS field EXTKEY |
| Address Block | cf Appendix A, Table PTS field ADRBLK |
| External Key | cf Appendix A, Table PTS field EXTKEY |
| Address Block | cf Appendix A, Table PTS field ADRBLK |
| External Key | cf Appendix A, Table PTS field EXTKEY |
| Address Block | cf Appendix A, Table PTS field ADRBLK |
| Non-Bank Issuer | cf Appendix A, Table LED field NONBAN |
| Assignment of Proceeds | cf Appendix A, Table LED field AOPFLG |
| Auto-Extension | cf Appendix A, Table LED field AUTRNWFLG |
| Domestic L/C | cf Appendix A, Table LED field DOMFLG |
Parties
Datafields
| Datafield | Description |
|---|---|
| Confirmation Status of 1st Advising Bank | cf Appendix A, Table LED field CNFSND |
| 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 |
| Confirmation Instructions to 2nd Advising Bank | cf Appendix A, Table LED field CNFINS |
| External Key | cf Appendix A, Table PTS field EXTKEY |
| Name | cf Appendix A, Table PTS field NAM |
| Send Directly to Applicant's Bank | cf Appendix A, Table LED field APLBNKDIRSND |
| 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 |
| Name | cf Appendix A, Table PTS field NAM |
| Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
Goods
Datafields
| Datafield | Description |
|---|---|
| Description of Goods | cf Appendix A, Table LET field LCRGOD |
| Goods Code (for Statistics) | cf Appendix A, Table LED field STAGOD |
Documents
Datafields
Add. Conditions
Datafields
| Datafield | Description |
|---|---|
| Additional Conditions | cf Appendix A, Table LET field ADLCND |
| Special payment conditions for beneficiary exists | cf Appendix A, Table LED field SPCBENFLG |
| Special Payment Conditions for specified Bank only | cf Appendix A, Table LED field SPCRCBFLG |
| Red/Green Clause Currency | cf Appendix A, Table LED field REDCLSCUR |
| Red/Green Clause Amount | cf Appendix A, Table LED field REDCLSAMT |
| Red/Green Clause Percentage | cf Appendix A, Table LED field REDCLSPRC |
| ALADI Checkbox | cf Appendix A, Table LED field ALADIFLG |
| ALADI Reimb. Code | cf Appendix A, Table LED field ALADICOD |
| Instructions to Paying/Accepting/Negotiating Bank | cf Appendix A, Table LET field INSBNK |
Special Paymt Cond. Beneficiary
Datafields
| Datafield | Description |
|---|---|
| Special Payment Conditions for Beneficiary | cf Appendix A, Table LET field SPCBEN |
Special Paymt Cond. Bank only
Datafields
| Datafield | Description |
|---|---|
| Special Payment Conditions for Bank Only | cf Appendix A, Table LET field SPCRCB |
Further Bank Instructions
Datafields
Details
Datafields
| Datafield | Description |
|---|---|
| Available with | cf Appendix A, Table LED field AVBWTH |
| External Key | cf Appendix A, Table PTS field EXTKEY |
| Address Block | cf Appendix A, Table PTS field ADRBLK |
| Available in | cf Appendix A, Table LET field AVBWTHTXT |
| Deferred Payment Details | cf Appendix A, Table LET field DEFDET |
| Drafts at | cf Appendix A, Table LET 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 LED field SHPFRO |
| Port of Loading | cf Appendix A, Table LED field PORLOA |
| Port of Discharge | cf Appendix A, Table LED field PORDIS |
| For Transportation to | cf Appendix A, Table LED field SHPTO |
| Shipment Period | cf Appendix A, Table LET field SHPPER |
| Mixed Payment Details | cf Appendix A, Table LET field MIXDET |
| Presentation Period | cf Appendix A, Table LET field PREPER |
| Days of presentation period | cf Appendix A, Table LED field PREPERS18 |
| Presentation period text | cf Appendix A, Table LED field PREPERTXTS18 |
| Additional Details to Charges Condition | cf Appendix A, Table LET field FEETXT |
| Fee settlement - our fee to be debited to | cf Appendix A, Table LED field CHATO |
| Country Code (for Statistics) | cf Appendix A, Table LED field STACTY |
Auto-Extension
Datafields
| Datafield | Description |
|---|---|
| Count of Advised Subcontracts without Documents | cf Appendix A, Table LED field ADVNBR |
| Notify Period | cf Appendix A, Table LED field NOTNBR |
| Extension Period | cf Appendix A, Table LED field RNWNBR |
| Final Expiry Date | cf Appendix A, Table LED field EXPDATFIN |
| Notification Information | cf Appendix A, Table LET field NOTTXT |
Revolving Details
Datafields
| Datafield | Description |
|---|---|
| Revolving Type | cf Appendix A, Table LED field REVTYP |
| Credit is Marked as Cumulative | cf Appendix A, Table LED field REVCUM |
| Allowed Revolving Times | cf Appendix A, Table LED field REVTIMES |
| Number of Revolvings under L/C | cf Appendix A, Table LED field REVNBR |
| Revolving Date | cf Appendix A, Table LED field REVDAT |
| Revolving Clause | cf Appendix A, Table LET field REVCLS |
| Notes to Beneficiary | cf Appendix A, Table LET field REVNOTES |
Transfers and Back-to-Back L/C
Compliance
DTAG Fields
