To ensure efficient tracking of productivity and compliance with necessary documentation requirements, it is crucial to input daily Letters of Credit negotiation transactions. This allows for a thorough monitoring of transaction status and the adherence to all documentation requirements.

Insurance Monitoring

By extracting the pertinent information (such as the Date, LC reference number, Applicant name, Currency, and Amount) from the Letters of Credit – Negotiation Monitoring, we can effectively monitor the compliance of insurance policies on a daily basis for the Letters of Credit negotiation transactions. This involves gathering and inputting the Insurance details and its status, which are based on the submitted insurance documents.

Correspondent Bank List 

To effectively manage our daily transactions with banks from other countries, I have compiled a comprehensive list that includes the names of the banks, their corresponding swift codes, and the cities they are located in. This will help us keep track of the available banks we can utilize for our daily financial activities.

Trade Data

I have listed our clients along with their customer identification file, facility code, and outstanding amount of their credit facility line as an initial indicator to determine their eligibility for certain transactions. This helps us determine if they are still permitted to avail of a specific transaction based on their outstanding balance.

Import LC Outstanding

Input daily Letters of Credit issuance transactions to record the availment per client. This allows us to swiftly monitor the corresponding reference number per availment of client.