Reversal of Bills Contract Does Not Fire the LC Availment Reversal Which Had Happened Before
(Doc ID 2544666.1)
Last updated on JANUARY 28, 2021
Applies to:Oracle FLEXCUBE Universal Banking - Version 10.5 and later
Information in this document applies to any platform.
When a Bills and Collection contract under Letter of Credit is booked in Final stage, Availment is fired on the linked Letter of credit contract. However subsequently when the bills contract is reversed, the availment is not automatically reversed.
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