进口开证业务与流程.ppt

Module Introduction IMIS is the abbreviation of “Import LC Issuance” Module. This module is generally used to issue a commercial letter of credit. If the bank is the Issuing bank acting upon the instructions from the importer, then this is an import LC transaction. Letter of Credit Workflow 1) Buyer and seller agree on a sales contract 2) Buyer requests Issuing Bank to open an LC in favour of Seller 3) Issuing Bank opens the LC; requests Advising bank to advise the beneficiary 4) Receives LC; advises beneficiary 5) Seller despatches goods to buyer 6) Seller presents shipping documents to his bank ADVISING BANK ISSUING BANK 7) Advising Bank checks the documents send these to the Issuing Bank 8) Issuing Bank checks the documents and releases these to the buyer SELLER BUYER LC Type Commercial Letter of Credit Back to Back Letter of Credit Transferable Letter of Credit Revolving Letter of Credit Revocable Irrevocable Letter of Credit Sight Usance Letter of Credit …etc. LC Amendment LC Amendment occurs when Importer or Export want to make changes to the existing LC. Amendment – Detrimental to Beneficiary: Need Beneficiary’s consent (for example, Reducing the LC amount). Amendment – Non-Detrimental to Beneficiary IMIS Workflow Function Groups Issuance Amendment Common Process Supervisor Maintenance Communication Report LC Issuance Functions Issue Commercial LC (1 step) Register Commercial LC Issue Commercial LC after Registration Issue Commercial LC -- CAS Issue LC by copying existing LC Issue Back to Back LC Revolve LC Transfer LC Receive Acknowledgement LC LC Amendment Functions LC Amendment LC Amendment (Detrimental to Beneficiary) – CAS LC Amendment (Non-Detrimental to Beneficiary) – CAS Beneficiary Accepts LC Amendment Beneficiary Rejects LC Amendment Common Process Functions Expire LC Reinstate Expire LC Close Function Reopen Function General Correspondence Advising Bank Advising Bank Charges Paid Charge Maintenance – Applicant Repay Outstanding Margin Amount Su