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The Amend Transfer Export Letter of Credit page allows you to enter information for an Export Letter of Credit amend transfer transaction.
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 Transfer Export Letter of Credit page includes the following sections:
Rejected Reasons (displays conditionally)
The Rejected Reasons section of the Amend Transfer Export Letter of Credit page contains the rejection reasons listed by the bank for this transaction. The rejection reasons will be displayed until the transaction has been successfully authorized and resubmitted to the bank.
The General section of the Amend Transfer Export Letter of Credit page contains basic information about the Export Letter of Credit amend transfer transaction. The fields and controls contained in the General section are described below.
| Field/Control | Description |
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Your Reference Number |
The reference number for the instrument, displayed in read-only form. |
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Applicant Name |
The applicant’s name is displayed for information in read-only form. This is the name of the applicant of the export LC instrument to which the transfer LC is related and based on the last transaction processed by the bank. |
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Transfer 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 transfer amount, select Increase By or Decrease By from the drop-down list in this area, enter a dollar amount in the amount field, and press Calculate New Amount. |
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Calculate New Amount |
Pressing this button calculates the new transfer amount for the amend transaction, based on the original transfer amount and whether you selected Increase By or Decrease By from the drop-down list in the Transfer Amount area. |
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New Transfer Amount |
Displays the new transfer amount, based on the original transfer amount and whether you selected Increase By or Decrease By from the drop-down list in the Transfer Amount area. |
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New Amount Tolerance |
The amount tolerance of the transaction. This is the percentage amount that the instrument can be over- or under drawn. You can type up to 3 characters into each percentage field (+ and -). |
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Current Expiry Date |
The current expiry date is displayed for information in read-only form. This is the date on which the transfer LC instrument currently expires based on the last transaction processed by the bank. |
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New Expiry Date |
The date that the instrument expires. To enter the expiry date, select a day, month, and year from the appropriate drop-down lists. An expiry date selection is required. |
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New Latest Shipment Date |
The latest date that the goods can be shipped for the instrument. To enter the latest shipment date, select a day, month, and year from the appropriate drop-down lists. |
The Other Conditions section of the Amend Transfer Export Letter of Credit page contains information about other terms, conditions, or details for the Export Letter of Credit amend transfer transaction.
This section contains a text area for other conditions text for the instrument. 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.
The Instructions to Bank section of the Amend Transfer Export Letter of Credit page contains instructions to your bank for the Export Letter of Credit amend transfer transaction.
This section contains a text area for special instructions to your bank. 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