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    LC Amendment MT707 (BTB)

    Uploaded by

    lolitaferoz
    The document provides instructions for amending back-to-back letters of credit in the bank's system. It explains that selecting external amendment will generate a SWIFT message by default, while internal amendment will not. It also describes how to navigate menus to open, maintain, externally amend BTB/EDF letters of credit, preview and authorize the SWIFT message, and accept documents under a BTB letter of credit.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    LC Amendment MT707 (BTB)

    Uploaded by

    lolitaferoz
    75 views3 pages
    The document provides instructions for amending back-to-back letters of credit in the bank's system. It explains that selecting external amendment will generate a SWIFT message by default, while internal amendment will not. It also describes how to navigate menus to open, maintain, externally amend BTB/EDF letters of credit, preview and authorize the SWIFT message, and accept documents under a BTB letter of credit.

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    LC AMENDMENT MT707 (BTB)

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    The document provides instructions for amending back-to-back letters of credit in the bank's system. It explains that selecting external amendment will generate a SWIFT message by default, while internal amendment will not. It also describes how to navigate menus to open, maintain, externally amend BTB/EDF letters of credit, preview and authorize the SWIFT message, and accept documents under a BTB letter of credit.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    75 views3 pages

    LC Amendment MT707 (BTB)

    Uploaded by

    lolitaferoz
    The document provides instructions for amending back-to-back letters of credit in the bank's system. It explains that selecting external amendment will generate a SWIFT message by default, while internal amendment will not. It also describes how to navigate menus to open, maintain, externally amend BTB/EDF letters of credit, preview and authorize the SWIFT message, and accept documents under a BTB letter of credit.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    LC AMENDMENT MT707 (BTB):

    Important notes:
    Send Amendment Advice:
     For External Amendment it will set as default “YES”. Result- SWIFT message will
    generate
     For Internal Amendment it will set as default “No”. Result- SWIFT message not
    generated
    Amount Increase/Decrease
     Auto Calculated from LC Amount and New LC Amount
     Auto calculated number of amendment

    Menu navigation: Corporate Operations> Trade Finance> BTB/EDF LCs> Opening of BTB/EDF LCs>
    Maintenance of BTB/EDF LCs> External Amendment of BTB/EDF LCs

    After amending necessary fields, validate and commit.


    Preview of MT707:

    If preview message is seem to be OK then authorize the transaction.

    **In the case of other types of L/C amendment like Cash & EDF, above procedure should be
    followed
    BTB ACCEPTANCE GIVEN (MT754):

    Menu Navigation: MBL USER MENU> Corporate Operations> Trade Finance> BTB/EDF
    LCs> Acceptance of BTB/EDF LCs> Acceptance of Doc Under BTB LCs

    After filling up all necessary fields commit the deal and authorize it.

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