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LC: Incorrect Party Default For Transfer (Doc ID 2607873.1)

Last updated on DECEMBER 04, 2019

Applies to:

Oracle FLEXCUBE Universal Banking - Version 12.2 and later
Information in this document applies to any platform.

Symptoms

ACTUAL BEHAVIOR
---------------
LC: Incorrect Party Default for Transfer

 
EXPECTED BEHAVIOR
-----------------------
Party default for transfer should be proper.

STEPS
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1. Export LC contract is created as ‘Transferrable ‘ with the below parties
- Issuing Bank : Bank Intesa(E.g)
- Applicant : Walk-in Customer
- Beneficiary (First Beneficiary): Our customer


2.Transfer is initiated from the screen LCDTRANF, to a beneficiary who is not the customer of the bank via a local advising bank.
- Advising Bank: FFA Bank(E.g)
- Second Beneficiary: Walking Customer.


3.The LC Transfer is successful but has the following issues:
- The Transferred LC is created for the second beneficiary, who is a walk-in customer. LC should ideally be created for the ‘Advising Bank’, which is our customer.
- In the transferred LC the party types ‘A00’ and ‘B00’ are updated without any party description.

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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