Create a bank facility agreement for a letter of credit

Note

We will not be accepting edits to this topic, because it is generated from a business process in Lifecycle Services.

This task walks through the creating a Bank facility agreement to process a Letter of credit. You will want to set up bank facilities and posting profiles before this task. This task uses the demo company 'USMF'.

Create Bank facility agreement

  1. Go to Cash and bank management > Letters of credit > Bank facility agreements.
  2. Click New.
  3. In the Agreement number field, enter the agreement number according to the agreement with the bank.
  4. In the Bank account field, enter the account number at the issuing bank.
  5. In the list, click the link in the selected row.
  6. In the Start date field, enter a date and time.
  7. In the End date field, enter a date and time.
  8. Expand or collapse the General section.
  9. Click Add line.
  10. In the Facility type field, click the drop-down button to open the lookup.
  11. In the list, find and select the desired record.
  12. In the list, click the link in the selected row.
  13. In the Limit field, enter the facility amount that was negotiated with the bank.
  14. Click Save.
  15. Click Extend to open the drop dialog.
  16. In the New agreement number field, type a value.
  17. In the End date field, enter a date and time.
  18. Click Extend.
  19. Close the page.