MBF 307 FINACLE TRADE FINANCE

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ASSIGNMENT

DRIVE	SUMMER 2014
PROGRAM	MBABF
SEMESTER	III
SUBJECT CODE & NAME	MBF 307 FINACLE TRADE FINANCE
BK ID	B1812
CREDITS	1
MARKS	50

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

Q. 1. Explain in detail what are the different types of credit facilities available to an exporter.

Answer:Projects involve activities like engineering, procurement, construction (civil, mechanical, electrical or instrumental), including provision of all desired and specified equipment and / supplies, construction and building materials, consultancy, technical know-how, technology transfer, design, engineering (basic or detailed), commissioning with other all such related services as are needed by the existing or new projects / plants / processes involving international competitive bidding (thus including even Multilaterally Funded Projects in India). Project exports occupy an important place in India's export portfolio. The contracts secured in the recent years

Q. 2. Explain the process of opening an Inland Bill Purchase Account.

Answer: Bank only purchase the local bill is known as Inland documentary bills for purchase (IDBP).The Inland documentary bills for purchase (IDBP) is done in the following ways,-

·         The customer submits the L/C to Bank.

·         Then Bank officer advising the L/C.

·         Customers then present the documents for negotiation to Bank.

·         Bank official scrutinizes the documents to ensure the conformity with the terms and conditions.

·         The documents are then forwarded to the L/C opening bank.

·         The L/C issuing bank gives the acceptance

·          

Q. 3. Outline the various Screens to be visited in Finacle while opening an Import Term Loan

Answer: Procedure for arriving at the exact INR required for conversion to the FC amt of the deposit: In the debit part tran involving the source account (NRE account of the customer), explode from the “Amount” field to get a small popup window in the bottom left side of the screen. “Ref CCY Ref Amt” enter USD  100(for USD100). In the field “Ratecode/Rate” –In the first field enter WAR and press F11, the applicable rate will get populated in the second field. Then press F4 , after which the actual INR equivalent for the FC amt. at the selected WAR rate gets populated in the “Amount” field.

Using ODCM enter all the mandatory General Details  -F4 – DC charges screen is displayed – Charges can be modified. F 4 will bring you to the option block ; 

Q. 4.Explain in detail the steps involved in invocation of a guarantee

Answer:THE Appellant invoked the Bank Guarantee by a letter dated 26th October, 2000 addressed to the Second Respondent. By the letter of invocation, the Appellant gave a notice of demand requiring the Second Respondent to pay an amount of Rs. 250 lacs towards "the loss, damage, costs, charges and expenses caused to or suffered by the Appellant" due to non performance and breach of the vendor: of the terms and conditions contained in the purchase order", within three days of the receipt of notice of invocation. The Bank appears to have regarded the

Q. 5.Explain the requirement of a Limit id for BG/LC Limits in Finacle and where the limit ids are attached.

Answer: The banking sector in India has developed tremendously after it adopted the Core Banking Solution (CBS). Finacle is also one of such CBS softwares developed by Infosys. Many nationalized banks such as Bank of Baroda, Bank of India, PNB, Union Bank of India and private bank such as ICICI are using Finacle as their CBS platform. Naturally it has

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