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The Amend Standby Letter of Credit (Detailed) allows you to enter information for a Standby Letter of Credit (detailed version) amend transaction. Click here for information on the use of the detailed version of the Standby Letter of Credit.
Different action buttons appear on the page (Attach a Document, Save, Save & Close, Verify Data, and so on), depending on the transaction's status and/or whether the transaction is in edit mode or read-only mode. This page appears in read-only mode if you have view only security rights to instruments, if the transaction has any status other than "Started", or if the instrument was not created by your organisation (if your organisation has subsidiaries). Click here to read about the actions available on transactions for each status in edit mode and read-only mode.
The Amend Standby Letter of Credit (Detailed) page includes the following sections:
The General section of the Amend Standby Letter of Credit (Detailed) contains basic information about the Standby Letter of Credit (detailed version) amend transaction. The fields and controls contained in this section are described below.
| Field/Control | Description |
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Your Reference Number |
Your reference number for the instrument, displayed in read-only form. |
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Amount |
The amount of the transaction. This field displays in read-only form the original amount from the issue transaction, with the currency indicated before the amount. To enter a new Letter of Credit amount, select Increase By or Decrease By from the drop-down list in this area, enter a dollar amount in the text box, and press Calculate New Amount. The new amount will display in the New Amount read-only field. |
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New Amount |
Displays the new LC amount, based on the original issue amount and whether you selected Increase By or Decrease By from the Amount drop-down list. |
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Calculate New Amount |
Pressing this button calculates the new Letter of Credit amount for the amend transaction, based on the original amount and whether you selected Increase By or Decrease By from the Amount drop-down list. |
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New Validity |
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Valid From |
Indicates the new date from which the Letter of Credit is valid. To specify, select one of the following options:
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Valid To |
Indicates the new date until which the Letter of Credit is valid. To specify, select one of the following options:
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Working with Instruments and Transactions
The Terms section of the Amend Standby Letter of Credit (Detailed) contains information about the terms for the Standby Letter of Credit (detailed version) amend transaction. The fields and controls contained in the section are described below.
| Field/Control | Description |
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[changes to terms text] |
The changes to the Letter of Credit terms for the amend transaction. To enter text, you can either type directly into the text area, or add a phrase from the drop-down list to the text area. The text area can contain up to 3000 characters. |
Working with Instruments and Transactions
The Instructions to Bank section of the Amend Standby Letter of Credit (Detailed) page contains instructions to your bank for the Standby Letter of Credit (detailed version) amend transaction. The fields and controls contained in this section are described below.
| Field/Control | Description |
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[special instructions text] |
The special instructions text for the transaction. To enter text, you can either type directly into the text area, or add a phrase from the drop-down list to the text area. The text area can contain up to 1000 characters. |
Working with Instruments and Transactions