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en:dem:210trt:0010trtbas

Introduction

The business sector 'Loan' is used to provide short-term credit in form of trust receipt loans under Import L/C Document Set (BR) or under Import Collection (BC). Trust receipts loans are granted to the importer for a fixed period of time after the amount of the document set is due. The financing details panel can be activated while a document record is being settled. Thereafter, a new Trust receipt Loan is created and can be processed further in the separate sector 'Loan' (TR).

It is also possible to issue a Packing Credit to the beneficiary under Export L/C (LE) once the L/C has been advised to the beneficiary. As for Trust Receipt, the Packing Credit can be further processed under the business sector 'Loan' (TR).

Further it is possible to create a Clean Import Loan under the Loan (TR) business sector which is not linked to a specific trade transactions

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.

en/dem/210trt/0010trtbas.txt · Last modified: 2022/03/08 12:42 (external edit)