Issuance
Given below are the service operations for Issuance.
-
Initiation of the export documentary collection by the collecting bank
-
Lodgment of the Import documentary collection by the collecting bank
Maintenance
Given below are the service operations for Maintenance.
-
Updates the amendments to the outward collection for the specified letter of credit/customer reference number
-
Updates the amendments to the inward collection for the specified letter of credit/customer reference number
-
Amendments to outward collection contracts are implemented by revising the contract with updated values
Enquiries
Given below are the service operations for Enquiries.
-
Retrieves the outstanding details of outward collections
Fetch Drawing
GETRetrieve the details of specific drawing that is created against a letter of credit
Repay Facility
You can create a payment order for transferring the funds from an account to a facility arrangement account to repay the facility amount.
-
Create the payment order in Transact for various scenarios like loan disbursement, merchant fee processing, prepay and loan repayment
-
Create the payment order in Transact for various scenarios like loan disbursement, merchant fee processing, prepay and loan repayment
Repay Facility
POSTCreate the payment order in Transact for various scenarios like loan disbursement, merchant fee processing, prepay and loan repayment
Disburse Loan
Loan disbursements refer to the drawdown of the loan principal, which can be in a single disbursement or tranches. The proceeds of the disbursal can be channelized into a customer or customer-authorised account available within the bank or externally. In the former case, loan disbursements can be automatic (using a settlement account) or manual. In the latter case, funds can be transferred to another bank using clearing and other payment mechanisms.
Loan Disbursement
POSTCreate the payment order in Transact for various scenarios like loan disbursement, merchant fee processing, prepay and loan repayment
Repay Loan
You can create a payment order to move funds from a loan account to a funding account by specifying the details such as currency, debit amount, initiation type, credit account, and so on.
Repay Loan
POSTCreate the payment order in Transact for various scenarios like loan disbursement, merchant fee processing, prepay and loan repayment
-
Create a simulation for loan product with details like customer identifier, currency, etc.
Direct Debit
You can link between a financial institution, or payee, and a drawdown account to facilitate the automatic collection of funds through direct debit.
-
Link the direct debit to an existing drawing under a facility
Payoff Loan
Loan payoff is the pre-closure of a loan in a single payment before the actual maturity of the loan tenure. Payoff can also be called foreclosure, early closure, or early settlement of a loan account. Loan payoff involves functions like a simulation of the outstanding amount payable and a distinct function for payoff loans based on the simulation.
Prepay loan
POSTCreate the payment order in Transact for various scenarios like loan disbursement, merchant fee processing, prepay and loan repayment
Settle payoff
POSTCreate the payment order in Transact for various scenarios like loan disbursement, merchant fee processing, prepay and loan repayment
Pay off simulation
POSTCreate a simulation payoff activity for loan product with product id details