A. Direct Recourse under Letter of Credit: Generations of Business Object report on a daily basis. Follow up of Payment etc. Follow up For Payment/Past Due Obligations from Letter of Credit Opening Bank. To ensure that tracers (Acceptance/Payment) are properly sent. Scrutiny of Bills. Authorization of the bills inputted for all events. Raising/Tracking for Exception approval. To ensure that discrepancy message regarding documents, if any, is properly conveyed to the client. Tracking of rate of interest/handling charges etc. approvals for discounting of Bills. In case Acceptance received has single signature, Branch Visit Report (BVR) needs to be performed. ( instead of BVR: necessary process note to be followed ) Monitoring SMFS Acceptance For physical acceptance, need to arrange/check for signature verification. ( instead of BVR: necessary process note to be followed ) Telephonic verification of acceptance which are received through courier/post. Tracking of Post Due Obligation Bil

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