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Help Table of Contents
Pre-Opening an Import L/C
Transaction LITPOP
Depending on the selected “Type of Request”, this transaction is used to
- pre-open an import letter of credit which will be sent to the beneficiary side or
- to prepare a draft for an import letter of credit which is sent to the applicant side.
If the checkbox “Reserved Contract” is checked, a reference number reservation is concerned. In case the checkbox is unchecked, a real contract is at hand. Detailed information about this you find in “Reserving Single Reference Number”.
Requirements
This transaction creates a new Import L/C contract.
If an existing Import L/C contract is used, it may not be open or closed.
Incoming Messages
| Channel | Description | MT | Description | Comment |
|---|---|---|---|---|
| S | SWIFT | 770 | LC Application Index | |
| Y | EasySend | 700 | import-letter-of-credit-pdf |
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 |
|---|---|---|---|---|
| Create | Order for Import LC received? | Today + 5 Working Days | Common Messages | |
| Completed | Delete all Diaries when “Direct Rejection” is checked |
Updating/Storing of Amounts (CBS)
Liability (LIA)
The liability is posted depending on value in “Type of Request”. If it is “Pre-Opening”, then liability is booked. However, if it is “Draft” then no liability is booked and it is posted as internal.
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.
| Name of Message | Receiver | Message ID | SWIFT | SWIFT Score | TCO | DTA/DTE | Comment |
|---|---|---|---|---|---|---|---|
| Preadvice of a Documentary Cred. | Advising Bank/ Beneficiary | LITBEN1 | 705 | Only if “Type of Request” = 'Pre-Opening' | |||
| Acknowledgment | Applicant's Bank/Applicant | LITAPL1 | 730 | Only if “Type of Request” = 'Pre-Opening' | |||
| Rejection Message | Applicant's Bank/Applicant | LITAPL2 | Only when “Direct Rejection” has been checked. | ||||
| L/C Draft | Applicant's Bank/Applicant | LITAPL3 | 771/700 | Only if “Type of Request” = 'Draft' |
Release
Signature required
Transaction Panels
Overview
Additional Amount
Parties
allNETT Fields
Details
Auto-Extension
Goods
Documents
Additional Conditions
Loan Details
Special Paymt Cond. Beneficiary
Special Paymt Cond. Bank only
Narrative
Revolving Details
Reimbursement
Transfer/ Back-to-Back L/Cs
Liability
Settlement Details
Settlement
Bookings
Cash Cover
DTAEA Fields
DTALC Fields
Completion
Incoming Tag 72/79
Messages
Compliance
Attachments
Fee Conditions
DTAG Fields
Overview
Datafields
| Datafield | Description |
|---|---|
| Reference | If the L/C is preadvised using SWIFT, the information entered here is available in Tag 20 of the MT705. cf Appendix A, Table LID field OWNREF |
| Form of L/C | If the L/C is preadvised using SWIFT, the information entered here is available in Tag 40A of the MT705 message. 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 |
| Currency | If the L/C is preadvised using SWIFT, the information entered here is available in Tag 32B of the MT705. cf Appendix A, Table CBB field CUR |
| Nominal Amount | If the L/C is preadvised using SWIFT, the information entered here is available in Tag 32B of the MT705. 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. |
| Positive Tolerance Amount | If the L/C is preadvised using SWIFT, the information entered here is available in Tag 39A of the MT705. cf Appendix A, Table LID field NOMTOP |
| Negative Tolerance Amount | If the L/C is preadvised using SWIFT, the information entered here is available in Tag 39A of the MT705. 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 | If the L/C is preadvised using SWIFT, the information entered here is available in Tag 39B of the MT705. cf Appendix A, Table CBB field CUR |
| Maximum Amount | If the L/C is preadvised using SWIFT, the information entered here is available in Tag 39B of the MT705. This field contains the amximum amount available under the letter of credit. cf Appendix A, Table CBB field AMT |
| Opening Date | cf Appendix A, Table LID field OPNDAT |
| Date Pre-advised | cf Appendix A, Table LID field PREADVDT |
| Latest Shipment Date | If the L/C is preadvised using SWIFT, the information entered here is available in Tag 44C of the MT705. cf Appendix A, Table LID field SHPDAT |
| L/C expiring on | If the L/C is preadvised using SWIFT, the information entered here is available in Tag 31D of the MT705. cf Appendix A, Table LID field EXPDAT |
| Expiry Place | If the L/C is preadvised using SWIFT, the information entered here is available in Tag 31D of the MT705. 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 |
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 |
Details
Datafields
| Datafield | Description |
|---|---|
| Available with | If the L/C is preadvised using SWIFT, the information entered here is available in Tag 41a of the MT705. cf Appendix A, Table LID field AVBWTH |
| Available in | cf Appendix A, Table LIT field AVBWTHTXT |
| Available by | If the L/C is preadvised using SWIFT, the information entered here is available in Tag 41a of the MT705. 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 |
| Dispatch from | If the L/C is preadvised using SWIFT, the information entered here is available in Tag 44A of the MT705. 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 |
| Final Destination | If the L/C is preadvised using SWIFT, the information entered here is available in Tag 44B of the MT705. cf Appendix A, Table LID field SHPTO |
| Shipment Period | If the L/C is preadvised using SWIFT, the information entered here is available in Tag 44D of the MT705. 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 |
Goods
Datafields
| Datafield | Description |
|---|---|
| Description of Goods | If the L/C is preadvised using SWIFT, the information entered here is available in Tag 45A of the MT705. 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 |
| 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 |
| 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 |
| ALADI Checkbox | cf Appendix A, Table LID field ALADIFLG |
| ALADI Reimb. Code | cf Appendix A, Table LID field ALADICOD |
| Instructions to Paying/Accepting/Negotiating Bank | cf Appendix A, Table LIT field INSBNK |
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 |
Narrative
Datafields
| Datafield | Description |
|---|---|
| Narrative (Tag 79) | If the L/C is preadvised using SWIFT, the information entered here is available in Tag 79 of the MT705. |
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 |
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 |
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
en/app/030bsi/080li/0200litpop.txt · Last modified: 2024/02/29 13:04 (external edit)
