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LC Amendment MT707 (BTB)

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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200 views3 pages

LC Amendment MT707 (BTB)

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.

Uploaded by

lolitaferoz
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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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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