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
Charge Off
Borrowers can default on their payments due to economic or other personal crises. Under these circumstances, a bank may deem certain receivable amounts on the loan arrangement to be charged off. A charge off can be for the overdue amounts (partial) or the entire loan amount. Customers are not aware of a charge off and bills are generated as usual. However, the charged off balances are held in a separate account on the banks books (shadow balances).
Charge Off
PUTExecute loan charge-off activity to charge-off account balance only
-
Retrieves the charge off balances of an arrangement account