How To Track Letter Of Credit In Oracle Treasury
Last updated on FEBRUARY 20, 2018
Applies to:Oracle Treasury - Version 12.1.3 and later
Oracle Receivables - Version 12.1.3 and later
Information in this document applies to any platform.
Users believe that they need to capture Letter of Credits in Oracle Treasury. How is this done.
A letter of credit is a document from a bank guaranteeing that a seller will receive payment in full as long as certain delivery conditions have been met.
In the event that the buyer is unable to make payment on the purchase, the bank will cover the outstanding amount.
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