Create a bank facility agreement for the letter of guarantee

Note

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

This task creates a bank facility agreement to process a letter of guarantee. This task uses the USMF demo company.

Create Bank facility agreement

  1. Go to Cash and bank management > Letters of guarantee > Bank facility agreements.
  2. Click New.
  3. In the Agreement number field, enter the bank agreement number for the transaction.
  4. In the Bank account field, select the bank account number for which the letter of guarantee is open.
  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. Toggle the expansion of 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 amount negotiated with the bank.
  14. Click Save.
  15. Toggle the expansion of the Letter of guarantee section.
  16. In the Calculation method field, select an option.
    • Enter the calculation method and percentage details for the Cash margin, Issuance commission, Extension commission, Increase value commission, or Decrease value commission, as appropriate.
  17. Click Save.

Extend bank facility agreement

  1. Click Extend to open the drop dialog.
  2. In the New agreement number field, type a value.
  3. In the End date field, enter a date and time.
  4. Click Extend.
  5. Click Save.
  6. Close the page.