Bank Guarantees and Letters of Credit

Hi friends
Can u help me as to the actual business flows of Bank Guarantees and Letter of Credit? In SAP, they are treated as noted items, but what is the exact procedure regards the liability creation.
Any useful links wud be welcome.
Thxs

Dear Sanju MS,
please kindly run the transaction OBXY. You should already have the following entries:
D G Guaran. Guarantee
D L Letter Letter of Credit
Then You can use F-38, F-49 to post.
I hope this helps.
Mauri

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Bank guarantee and Letter of Credit

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To my knowledge, Bank Guarantee is used only in Imports whereas, L/C is used in both (exports and imports) scenarios. In both the cases, bank stand guarantee for payment to seller.
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Credit limits are set for the Customers depending on the nature of business, their repayment pattern.
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Dear Sanju MS,
please kindly run the transaction OBXY. You should already have the following entries:
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ss

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My requirement is to get system alerts when the the Letter of Credit(LOC) or Bank Guarantee (BG) is going to be expired.
We are using Third Party software for master data and other information related to Letter of credit.
In SAP ,I will do special GL for LOC and assign to Reconciliation Account as per standard.
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Hi,
In case you want to send the last record only, then you can use following qurey
SELECT TOP 1 * FROM DBO.OVPM T0 WHERE T0.CashSum >= 10000 AND DATEDIFF(DD, T0.CreateDate, GetDate()) = 0 ORDER BY T0.CreateDate DESC
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Bank Guarantee

Dear Experts,
Please tell me how do we map functionality of bank guarantee and letter of credit in SAP 8.8
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Agranshu

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Check below threads:
Letter of credit management using SAP business one
Re: Letter of Credit management in SAP Business one
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Limit on LC and Bank Guarantee - Noted Items

Dear SAP Gurus,
We have a requirement from client as below for Letter of Credit and Bank Guarantee.
Example: They have taken a combined limit for BG+LC today(10th June) they would like to track this separately.
Similarly they can take a combined limit later say 15th June or 20th June……
For each such iteration a separate tracking of limit maintenance and usage should be available.
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Hello Ramesh,
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Bank a/c Bank Gurantees and Letter of credits, DD s ?

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Pls explain how bank gurantees and Letter of credit customizin and procee of above field explain me with exampls any documents appreciated
[email protected]
Rams

Hello Pablo,
I had the same situation in Chile. I had to make the procedure manually because:
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Hi Gurus,
I configured the noted item for bank guarantees and i am making postings also, and my doubt whether this bank Guarantee reconciliation a/c's, we are mapping in the balances or not. what's the procedure in case of preparation of balance sheet for noted items. Please let me know, i will assign points.
sd/-
Rajesh

Hi Rajesh,
As you understood correctly there won't be any financial impact because of these Noted items..
All these are single line item documents....
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These are only useful for reporting...in FBL1N and FBL5N you can generate reports by selecting the Noted items in the selection given in the down.....
I hope it will clarify your doubt...otherwise please revert back
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Bank guarantees

hi
I am very new to this Bank Guarantees Concept can any body tell me what is the meaning of the Bank Guarantees and how to configure it and what are the transaction codes used pl thanks in advance points will be rewarded

Hi
The steps are as follows
1.T Code FBKP for GL Account Assignment to the Reconcilliation Account
2.T.Code F-49 for entering the Bank Gaurantee received as Noted Item.
3.T Code F-28 for payment received from the Customer for the sales invoice. In the first screen in the Open Item Selection segment provide G as the Specil GL indicator after providing the Customer No.
The the system would automatically clear the Gaurantee along with the invoice amount.
Hope I have provided the required T codes.

How Bank Guarantees Are Linked to a Particular Project?

Dear Gurus,
If I create a Bank Guarantee for a Customer, I want to know whether I will be able to link the Same Bank Guarantee to a Specific Project...??? If yes how it will be done...??
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deleted

Hi,
1. Create a Special GL Indicator for Bank Guarantee and use the same in F-49 (customer ) or F-57 (Vendor). -
transaction Code - FBKP
2. Make WBS Field as mandatory for Bank Guarantee GL Account (recon account), then system will ask you enter WBS No while saving document in F-49 or F-57.
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Tracking of due dates in case of letter of credit and bank guarantee

Hi
In case of letter of credit and bank guarantee can a track be kept in sap for bill negotiated and due (means the vendor has claimed payment but payment from us to our bank is not due) ,
negotiated and due(means our payment is due)
and bills negotiated and overdue (means payment from our side to our bank is overdue)
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Thanks in advance.

Hi
Thanks for the answer I will try to explain my requirement .
In case of import and exports Letter of credit and bank guarantee are opened with the bank. There can be amendments also after its creation in terms , amount or validity period. Then it is negotiated and retired.
An example : A letter of credit is opened on 1st Jan. The goods are shipped on 7th Jan .Credit term given by our bank (in case of import) is 1 month which is counted from the shipment date and it expires on 7th feb. The vendor negotiates the bill on 15th jan.
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Like from 15th Jan to 7th Feb the bill negotiated by the vendor comes under u2018negotiated and dueu2019 category and after that it comes under u2018negotiated and overdueu2019category.
List of letter of credits established , negotiated , retired and balance if any.
Letter of credit wise u2013 Bank charges paid. i.e at the time of opening , amendment , negotiation and retirement.
Same in case of bank guarantee also.
Plz explain me how can this be tracked and how to configure this.

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