Letter Of Credit Thru GTS

[Former Member]

Hello Guru's:

1. Can anyone give me a over view of Business Process specific for LOC from Export and Import side?

2. How can it be handled thru SAP GTS and SAP ECC?

Thanks

[Former Member · Accepted solution]

Please go through the help.sap documents. You can find most of the required information in it.

Export Process - LOC : Sales Order -> Order blocked if LOC required -> Maintain LOC in GTS -> Assign SO to LOC in GTS -> PGI & state to the bank where LOC is created -> Payment by LOC confirming bank -> close LOC in GTS

Import Process - LOC : Purchase order (Terms of payment etc) -> Request to Open LOC with Bank -> Open LOC & maintain in GTS -> LOC received and activated -> GR -> Payment -> Documents forwarded to bank -> Confirmation given by importer bank

Kindly cross check with country specific laws for LOC or your finance team members. The above mentioned steps be handled through SAP ECC and SAP GTS.

Cheers,

Abir

[Former Member · Accepted solution]

Thanks Abir. I am going thru the documentation and hope to get inputs on LOC.

[Former Member]

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