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Amending
Transaction LTTAME
This amendment transaction is used to change the conditions for an existing transfer L/C. Any change made to the contract is assigned a serial amendment number, and an amendment message is sent to all parties to the contract.
When amending a transferred Export L/C, the amendment transaction for the associated transfer is registered automatically. Auto-registration automatically picks up the amended data from the Export L/C and inserts it is the amendment transaction for the Transfer. If the contract details for the Transfer are different from those for the Export L/C, the user receives a warning to this effect at the start of the transaction.
Example: Notification is sent of an Export L/C with additional amounts. However, under the Transfer L/C no additional amounts were entered when the contract was created. If the Export L/C is now amended, an amendment is automatically registered for the Transfer L/C. If this auto-registration is launched, the flag for the additional amounts is set automatically - reflecting the presence of additional amounts in the Export L/C. But because no additional amounts are allowed under the Transfer, a warning message is issued at the same time. The user then has the option of either capturing any additional amounts or to process the contract without the additional amounts. In the latter case, only the “Additional Amounts” checkbox flag has to be unchecked.
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”.
Syndications
Furthermore, syndications can also be dealt with on the panel of the same name. Detailed information on syndications can be found under “Participations Sold (Syndications)”.
Requirements
An existing Transfer contract which is open and not closed.
The number of amendments must be less than 999.
For incoming allNETT / RIVO messages see Overview of Incoming messages - allNETT / RIVO.
Transaction Control
Fees
| Fee Code | Set as Default | Units | from | until | Remarks |
|---|---|---|---|---|---|
| LTFAME | Yes | 1 | today | today |
Commissions
Results of this Transaction
Diaries
For more information see TRNDIA Diaries.
| Action | Description | Calendar Event | Follow-up transaction | Remarks |
|---|---|---|---|---|
| Replace | Transfer L/C will expire | Expiring on - 10 Working Days | Common Messages | |
| Replace | Transfer L/C Expired | Expiring on + 5 Working Days | Closing | |
| Completed | Diary events that were generated in the transaction “Request of Amendment” (LTTRAM) will be deleted if the transaction has been executed as a follow-up transaction to the diary events. |
Updating/Storing of Amounts (CBS)
If the amount of the Transfer L/C is changed, the nominal amount, the maximum amount and the open amount of the L/C are updated.
Liability (LIA)
Not applicable.
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.
Assignments messages and messages concerning Participations Sold (Syndications) will be created.
Reimbursement Information messages are created under certain conditions.
| Name of the message | Receiver | Message ID | SWIFT | TradeConnect | DTA/DTE | allNETT | Comment |
|---|---|---|---|---|---|---|---|
| Acknowledgment of receipt | 1st Beneficiary | LTTBE11 | 730 | Is generated if an amendment message is generated as well. | |||
| Advice of Amendment | Selected Party | LTTBE21 | 707 | Providing the “Create Amendment Message” checkbox has been checked. If an auto-registration is retrieved from the amendment request (LTTRAM), no amendment message will be proposed by default, since this was already created in the previous transaction. | |||
| Acknowledgment | 1st Beneficiary | LTTBE12 | This message will only be created if the checkbox “Create Amendment Message” is checked Not available as letter |
||||
| Reimbursement Authorization | Reimbursement Bank | LTTRMT1 | 740 | In case a reimbursing bank has been added in this transaction or if the reimbursing bank has changed. | |||
| Reimbursement Amendment | Reimbursement Bank | LTTRMT2 | 747 | In case it is available in the contract and has not been changed. This message will only be generated if the amendment of the L/C also requires an amendment of the reimbursement conditions, for example, if the expiry date of the L/C is changed. |
Release
Source in Transaction
Transaction Panels
Amendment
Amendment
Overview
Additional Amount
Narrative
Parties
allNETT Fields
Goods
Documents
Reimbursement of Transfer L/C
Add. Cond.
Special Payment Beneficiary
Special Paymt Cond. Bank only
Transferring Bank Instructions
Details
Goods (Amend.)
Doc's (Amend.)
Add. Con. (Amend.)
Spe. pay conditions Ben (Amend.)
Spe. Pay. Cond. Bank only(Amend)
Instructions to P, A, N. Bank
Orig. L/C Details
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
Amendment
Datafields
| Datafield | Description |
|---|---|
| Own Reference | cf Appendix A, Table LTD field OWNREF |
| Amendment Date | 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 LTD field AMENBR |
| Currency | cf Appendix A, Table CBB field CUR |
| Nominal Amount | This field contains the old nominal amount available under the transfer before the amendment. cf Appendix A, Table CBB field AMT |
| Amount Tolerance - Positive | cf Appendix A, Table LTD field NOMTOP |
| Amount Tolerance - Negative | cf Appendix A, Table LTD field NOMTON |
| Currency | cf Appendix A, Table CBB field CUR |
| Maximum Amount | This field contains the old maximum amount available under this transfer. cf Appendix A, Table CBB field AMT |
| Amendment Amount | This field contains the amendment amount of the contract. |
| New Nominal Amount | This field contains the new nominal amount. This is calculated by adding the amendment amount to the old nominal amount. |
| New Positive Tolerance | 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 | This field specifies the new negative percentage tolerance for the documentary credit. |
| Currency | cf Appendix A, Table CBB field CUR |
| Amount Specification (Amendment) | This field further qualifies the documentary credit amount. |
| Date of Expiry | cf Appendix A, Table LTD field EXPDAT |
| Expiry date (Amendment) | This field contains the new (amended) expiry date of the L/C. |
| Shipment Date | cf Appendix A, Table LTD field SHPDAT |
| Shipment date (Amendment) | This field contains the new (amended) date of shipment. |
| Shipment period (Amendment) | 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 (Amendment) | 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. |
| Shipment to (Amendment) | This field specifies the new final destination of the goods shipped under the L/C. |
| Additional amount covered (Amendment) | 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 LTD field PREPERS18 |
| Presentation period text | cf Appendix A, Table LTD field PREPERTXTS18 |
Overview
Datafields
| Datafield | Description |
|---|---|
| Own Reference | cf Appendix A, Table LED field OWNREF |
| Form of Documentary Credit | cf Appendix A, Table LTD field LCRTYP |
| Responsible User | cf Appendix A, Table LTD field OWNUSR |
| Nominal Transfer L/C Amount | This field contains the nominal amount of the transfer. The amount may not exceed the amount of original L/C including any other transfers. 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 LTD field NOMTOP |
| Amount Tolerance - Negative | cf Appendix A, Table LTD field NOMTON |
| Amount Specification | cf Appendix A, Table LTD field NOMSPC |
| Maximum Transfer L/C Amount | cf Appendix A, Table CBB field AMT |
| Opening Date | cf Appendix A, Table LTD field OPNDAT |
| Shipment Date | cf Appendix A, Table LTD field SHPDAT |
| Date of Expiry | cf Appendix A, Table LTD field EXPDAT |
| Place of Expiry | cf Appendix A, Table LTD field EXPPLC |
| Partial Shipment | cf Appendix A, Table LTD field SHPPAR |
| Partial Shipment | cf Appendix A, Table LTD field SHPPARS18 |
| Transshipment | cf Appendix A, Table LTD field SHPTRS |
| Transhipment | cf Appendix A, Table LTD field SHPTRSS18 |
| Applicable Rules | cf Appendix A, Table LTD field APPRUL |
| Other Applicable Rules | cf Appendix A, Table LTD field APPRULTXT |
| Confirmation Instructions to 2nd Adv.Bank | cf Appendix A, Table LTD field CNFINS |
| External Key | cf Appendix A, Table PTS field EXTKEY |
| Name | cf Appendix A, Table PTS field NAM |
| 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 LTD field RMBFLG |
| Assignment of Proceeds | cf Appendix A, Table LTD field AOPFLG |
| Participation Sold Flag | cf Appendix A, Table LTD field SYNFLG |
Narrative
Datafields
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 |
| 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 |
allNETT Fields
Datafields
| Datafield | Description |
|---|---|
| Customer retain the right to refuse amendments | cf Appendix A, Table LTD field INCBNFREF |
Goods
Datafields
Documents
Datafields
Reimbursement of Transfer L/C
Datafields
| Datafield | Description |
|---|---|
| Default Account | cf Appendix A, Table PTS field DFTACT |
| Reimbursing Bank Charges | cf Appendix A, Table LTD field RMBCHA |
| Other Charges RB | cf Appendix A, Table LTT field RMBCHA |
| Reimbursing Bank Account Identification | cf Appendix A, Table LTD field RMBACT |
| Date of Authorization to Reimburse | cf Appendix A, Table LTD field AUTDAT |
| Applicable Rules Reimbursement | cf Appendix A, Table LTD field APPRULRMB |
Add. Cond.
Datafields
| Datafield | Description |
|---|---|
| Additional Conditions | cf Appendix A, Table LTT field ADLCND |
| Special payment conditions for beneficiary exists | cf Appendix A, Table LTD field SPCBENFLG |
| Special Payment Conditions for specified Bank only | cf Appendix A, Table LTD field SPCRCBFLG |
| Red/Green Clause? | cf Appendix A, Table LTD field REDCLSFLG |
| Instructions to Paying/Accepting/Negotiating Bank | cf Appendix A, Table LTT field INSBNK |
Special Payment Beneficiary
Datafields
| Datafield | Description |
|---|---|
| Special Payment Conditions for Beneficiary | cf Appendix A, Table LTT field SPCBEN |
Special Paymt Cond. Bank only
Datafields
| Datafield | Description |
|---|---|
| Special Payment Conditions for Bank Only | cf Appendix A, Table LTT field SPCRCB |
Transferring Bank Instructions
Datafields
Details
Datafields
| Datafield | Description |
|---|---|
| Available with | cf Appendix A, Table LTD field AVBWTH |
| Available in | cf Appendix A, Table LTT field AVBWTHTXT |
| Available by | cf Appendix A, Table LTD field AVBBY |
| Deferred Payment Details | cf Appendix A, Table LTT field DEFDET |
| Drafts at | cf Appendix A, Table LTT 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 LTD field SHPFRO |
| Port of Loading | cf Appendix A, Table LTD field PORLOA |
| Port of Discharge | cf Appendix A, Table LTD field PORDIS |
| For Transportation to | cf Appendix A, Table LTD field SHPTO |
| Shipment Period | cf Appendix A, Table LTT field SHPPER |
| Mixed Payment Details | cf Appendix A, Table LTT field MIXDET |
| Presentation Period | cf Appendix A, Table LTT field PREPER |
| Presentation Period modified | cf Appendix A, Table LTT field PREPERFLG |
| Days of presentation period | cf Appendix A, Table LTD field PREPERS18 |
| Presentation period text | cf Appendix A, Table LTD field PREPERTXTS18 |
| Additional Details to Code for Charges (CHATO) | cf Appendix A, Table LTT field FEETXT |
| Fee settlement - our fee to be debited to | cf Appendix A, Table LTD field CHATO |
| Country Code (Risk Country) | cf Appendix A, Table LTD field STACTY |
Goods (Amend.)
Datafields
Doc's (Amend.)
Datafields
Add. Con. (Amend.)
Datafields
Spe. pay conditions Ben (Amend.)
Datafields
| Datafield | Description |
|---|---|
| Special payment Conditions for beneficiary (History) | cf Appendix A, Table LTT field SPCBENAME |
Spe. Pay. Cond. Bank only(Amend)
Datafields
| Datafield | Description |
|---|---|
| Special Payment Conditions for Bank Only (History) | cf Appendix A, Table LTT field SPCRCBAME |
Instructions to P, A, N. Bank
Orig. L/C Details
Datafields
| Datafield | Description |
|---|---|
| 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. |
| Open Amount | cf Appendix A, Table CBB field AMT |
Compliance
DTAG Fields
