documentary payment for LC

[Former Member]

Hi Experts

W.r.t FT, the financial document can be used as LC.

What sort of controls it provides?

Please provide process steps where the control due to this document is achieved.

warm regards

marias

[Former Member]

Dear Marias,

Apart from this in VX11N you can also maintain the documnets (originals and copies) to be submitted along with the LC,the overdraft % ,Bank details.

And this does not cannot be used to monitor Impoorts.

[Lakshmipathi]

Dear Marias

You have to create LC in T.Code VX11N and once you gave all the required informations there and save, system will populate a reference number.

You have to assign this reference number in sale order header tab "Billing" where there is a field "Financial doc.no". If you do that assignment, within the validity date what you have maintained in VX11N, shipment should take place and of course, within the value maintained for LC

thanks

G. Lakshmipathi

[Former Member]

Hi Lakshmipathi

Thanks for your answer.

Is this can be used to monitor the imports?

In case of imports, the importer is responsible in opening LC.

So, after opening LC for import, is it possible to link to purchase order?

It seems, this feature is useflul to record data and develop custom reporting.

What way the LC amount and delivery period monitoring will be controlled in case of imports?

Thanks again

marias

[Lakshmipathi]

I dont think such facility is available for Import PO. Will study and get back. May be you can wait for those who have come across such a requirement and they can share how they have addressed this issue.

thanks

G. Lakshmipathi

[Former Member]

Hi Experts,

Any further clues on this requirement?

1) Is it possible to use LC (Financial doc- Transaction VX11N) can be used for linking the import purchase order?

2) Is there any standard functionality to monitor the import purchase orders which involve Letter of credit?

warm regards

marias