Bank gurarantee and letter of credit
Hi experts,
how we can update the the bank gurarantee and letter of credit in SAP systems,
Is i need any additional configuration ?
regards,
Sanju MS
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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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.
ThxsDear 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 -
Bank a/c Bank Gurantees and Letter of credits, DD s ?
Hi
Pls explain how bank gurantees and Letter of credit customizin and procee of above field explain me with exampls any documents appreciated
[email protected]
RamsHello Pablo,
I had the same situation in Chile. I had to make the procedure manually because:
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Configuration of Bills of Exchange and Letter of Credit
< MODERATOR: Message locked. Please read the [Rules of Engagement|https://www.sdn.sap.com/irj/sdn/wiki?path=/display/home/rulesofEngagement] before posting next time. If you have a specific question, please ask. Otherwise search first. >
Please can someone give me the steps for configuration of Bills Receivable, Payable and Letter of Credit.1) No restart is necessary when dataguard broker is used to upgrade the protection mode from maxperformance to maxavailability, you have to do this if you would change the mode manually outside the broker.
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Werner -
System Alerts for Bank Guarantees and Letter of Credits
Hi
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.
What is the best practice to get system allert, when ever the date is going to get expired.
Many Thanks In advance
RamaHi,
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
then in Alert u can set the frequency as 1 minute.
Hope this helps...
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Samir Gandhi -
Bank Gurantees & Letter of Credit
Pls explain how bank gurantees and Letter of credit customizin and procee of above field explain me with exampls any documents appreciated
[email protected]
Edited by: Madhava Venkat on Jul 2, 2008 8:56 AMHi
Bank gtee, Performance gtee and Letter of Credit - all three are statistical postings just like contingent assets or liabilities. It should be excluded from the Financial statement version.
These needs to be entered in the below transaction codes:
F-55 - Vendor statistical posting entry
F-56 - Vendor statistical posting entry reversal
F-38 - Customer statistical posting entry
F-19 - Customer statistical posting entry reversal.
1) For entering this, you need to create a special G/L indicator like bank gtee recd or given, letter of credit recd or given and perf gtee recd or given for customer and vendor in FBKP transaction code.
For creating the special G/L indicator, you need to create recon accounts for these entries in FS00.
2) You need to create an offsetting account and provide open item management ticked and post automatically ticked in FS00 tcode.
Enter the entry in the above transaction codes.
In case of reversal entries, in the G/L account column, enter the alternative recon account which you provided in the special G/L indicator, enter customer/vendor number and document number and click edit line items. Set the line item to active, but selecting "+" from the F4 option and click post. This will reverse the document you have made.
Hope it will help you lot
Regards
Aman
Assign points if useful -
Bank Guarantee and Cash Credit Limits in SAP
Dear SAP Gurus,
How Bank Guarantee or Cash credit limits are maintained in SAP? How to do configuiration of it?
Thanxs
Regards,
Divyesh.Hi,
Credit limits are set for the Customers depending on the nature of business, their repayment pattern.
This comes under Credit Management which you configure through Credit Control Area and set
credit limits to monitor the customer credit worthiness and ageing analysis. Regarding Bank Guarantee and letter of credits, they are normally for export customers which comes under Risk and Credit Management in Sales & Distribution Basic data. You refer to SAP pdf searching through Google for SAP's SDBFCM pdf file which gives you total scenario regarding setting of credit limits and Bank Guarantee etc.
Regards,
Sadashivan -
Letter of Credit Process in SAP
Hi Guru's
Can any one send me or explain me the letter of credit process in SAP or sales cycle?
please send step by step configuration or documentation on the above process.
my mail id is [email protected]
Suitable points will be rewarded.
thanking you in advance for your kind help.
Thanks n Regards
ToshniwalHi,
Please find the Letter of credit details
The configuration is as follows - OVFD, Define and assign payment guarantee, OBYN,OBYH, and OBYK. It is properly working.
I made all the required transaction VX11N, VXA2, F-36, F-34, F-20
Letter of Credit: A letter issued by a bank to obtain payment for goods. When a letter of credit is confirmed, the advising bank guarantees payment only if all stipulations in the letter of credit are conformed to exactly.
1.The importer first request a quote for merchandise. This may or may not include transportation and insurance costs.
2.The importer prepares a purchase order based on the offer received from the exporter.
3.The exporter creates a proforma invoice and sends it to importer.
4.The importer opens a letter of credit with the opening bank in the country of import.
5.The opening bank sends the letter of credit to the advising bank in the exporters country.
6.The advising bank advises the exporter that a letter of credit has been opened in his favor.
7.The exporter ships the merchandise in accordance with the terms stipulated in the LOC.
8.The exporter gives the documents proving that the shipment was made in conformance with the LOC to the advising bank.
9.The advising bank pays the exporter based on the documents received.
10.The advising bank transfers the documents to the opening bank and receives payment.
11.The opening bank gives the document to the importer.
12.The importer calculates the duty rates, file the declaration with customs and pays the customs duties within the time frame required by law.
Hope this will be useful
Reward points if helpful to you.
Bye
Anil -
Hello peers,
can any one tell me the configuration steps for LC process in SAP. pls am struck in middle.
Thanks
MuraliHi,
Import Process Involving a Letter of Credit
You (the importer) first request a quote for the merchandise. This may or may not include transportation and insurance costs.
You prepare a purchase order based on the offer received from the exporter.
The exporter creates a pro forma invoice and sends it to you.
You open a letter of credit with the opening bank in the country of import.
This involves advising the bank of the documents required from the exporter. As an importer, you not only need the documents required by customs, but also the documents that are required by any other agency regulating your commodity. These may include
Bills of lading
Commercial invoice
Export packing list
Shipper's Export Declaration (SED) (Required in the USA for goods valued at $2501 or more)
Shipper's Letter of Instructions (SLI) (applies only to the USA)
Single Administrative Document (SAD) (applies only to the EU)
Certificate of Origin
Insurance certificates
Licenses (when necessary)
Using the SAP FT application, you can create the letter of credit yourself before contacting the opening bank. Other than insurance certificates, you can also create the documents listed above using FT.
The opening bank sends the letter of credit to the advising bank in the exporter's country.
The advising bank advises the exporter that a letter of credit has been opened in his favor.
The exporter ships the merchandise in accordance with the terms stipulated in the letter of credit.
The exporter gives the documents proving that the shipment was made in conformance with the letter of credit to the advising bank.
The advising bank pays the exporter based on the documents received.
The advising bank transfers the documents to the opening bank and receives payment.
The opening bank gives the documents to you (the importer).
You calculate the duty rates, file the declaration with customs and pay the customs duties within the time frame required by law.
Hope this helps you.
Rgds
Manish -
Letter of Credit SPL Screening in GTS
Hi,
I want to perform SPL screening of banks on the letter of credit documents created in ECC.
What document type in ECC to corresponding doc type in GTS
How can I achieve that? Can anybody throw some light on this?
Thanks,Please refer to the topic 'Integrating SPL Screening with Financial Accounting' in the customizing documents for details.
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Bill of Lading & Letter of Credit form names
Hi Everyone,
Can you give the SAP standard form names for Bill of Lading and Letter of Credit?
Regards,
SugopaIf you are looking for field names .
Bill Of Lading - Data element BOLNR ( For ex LIKP-BOLNR )
Letter of Credit - Data Element GM_LETTER_OF_CREDIT
( For ex GMGR-LETTER_OF_CREDIT ).
Sapscript for Bill of Lading -
SD_SHIPMENT_CMR -
How to collect the cash from letter of credit
Hi,
I have made the incoming payment using F110 screen using the letter of credit. How can i collect the cash from the bank using the letter of credit? Which t.codes to use.
also let me know the link in sap help where i can read more about letter of credit.Hi The ltr of cr functionality is similar to Bills of Exch. functionality. What matters is all about the doc. processing.
I suggest you know about Ltr of Credit functionality in google first.
Regards.........AJ -
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)
how is it possible plz explain in detail as i have never worked ob LC and BG.
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.
The requirement is to get a report of u2018negotiated and dueu2019 and u2018negotiated and overdueu2019category.
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. -
How to enter letter of credit and bank draft
hi,
1) if i would like to enter letter of credit and bank draft in system, what tcode to do so?
2) it is statistical or noted?
3) LC can be from customer and vendor?
4) bank draft only for customer, right?
thanksHi,
First you have create special G/L Indicator for customers/vendors and assign the same in OBXT and create LOT transaction in t.code F-55.
Try once and given feedback.
Regards
Sarma BH
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