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INFOLC | |
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InfoLC delivers the capability
to integrate with SWIFT, BOLERO and other messaging systems. By implementing InfoLC’s integrated solution, banks deliver value added global trade systems that retain key clients, and generate new sources of transaction based revenues. The modules are listed below: |
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| LETTER OF CREDIT | |||||
| The Letter of Credit module handles the processing
and control of all types of documentary import Lc’s export Lc’s and a variety of guarantees. Import credits and guarantees can be issued, amended and monitored. Advices and/or confirmations of these export Lc’s and guarantees can also be issued. |
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| Main Features: | |||||
| Letter Template -
Existing Lc’s can be used as a template to build other similar ones. Also, frequently used Clauses can be pre-defined and inserted where required. |
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| Charges and Commissions -
The InfoLC module also provides for flexible methods of tracking and controlling charges and commissions. These can be based on default values fixed at the bank, branch or customer level. |
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| Document Generation -
The system automatically generates various documents for external delivery. These could be generated in formats depending on the processing requirements. All relevant documents like the LC instrument, amendment advice, debit and credit advices, etc can be forwarded by SWIFT, Telex or mail. |
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| BILLS AND COLLECTION | |||||
| This module complements the Letter of Credit module.
It handles the processing required for purchase, negotiation and/or collection of all documents under Imports and Exports. It also handles Bills without Lc’s or bills issued by other banks. This module also facilitates the inwards and outward collection of bills. This module also interfaces with the LC module to reduce the re-entry of data, as it is already captured as part of LC processing. |
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| Main Features: | |||||
| Processing - This
module automatically generates required documents. These documents can be in SWIFT, TELEX or Mail format. |
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| Enquiry - The enquiry
function provides summary and detailed enquiry into the history and content of any bill. A drill down functionality is provided in this module, which allows the user to see the summary of any bill. The user can, by simply double clicking on the record go to one level of detail, untill finally reaching the voucher entry screen, where the record had been added into the system. All the data relating to the bills is stored on the central database and is available for any accounting or information purposes. The system also saves the audit trail of the records to track the status at any given time. |
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