Revolving Letter of Credit - SD.

[Former Member]

Hi Friends,

we have a requirement to implement Revolving Letter of Credit, where if a Payment is made for the particular customer it's value should be added to the existing open LC value .

we tested everything with Static LC and every thing is working fine. but now we have to implement revolving LC

Example.

LC duration is 1 JAN to 31 JAN

Initial LC Value = Rs. 1000

order raised = Rs. 800

______________

LC Open value = Rs . 200

so if the customer makes payment for Rs. 300

the open LC value should be Rs. 200(Earlier open LC value) + 300(payment) = Rs. 500

Thanks & Regards

Harsha

[kkafoury1]

Hi,

Kindly consider that when defining the indicators for special G/L transactions, you should define in each case whether the transaction in question is relevant for the credit limit check.

Best regards.

[Former Member]

Thank you Khaled for reply,

can you please elaborate the process a bit..

Thanks

Harsha