How to create UPAS LC

  • gunawan.irawan
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gunawan.irawan created the topic: How to create UPAS LC

Hi all,

I have questions about UPAS LC and hopefully I will get the answer from you all.
In my understanding, UPAS LC is similar to Usance LC. So I think, we can issue an LC in T24 system with use Usance LC menu where we can select Deferred Payment for LC.TYPE. Is it correct?
Because from the another source, they said that UPAS LC is Deferred Payment LC in which the beneficiary could present documents to receive money immediately from the Issuing Bank and the importer will pay principal and interest to the Issuing Bank at maturity date.
But, how can we differentiate between UPAS LC and Usance LC usually in T24 menu? Is it from LC.TYPE only or is there something else?

thank you

warm regards,

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