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Beneficiary Actions

DC Workflow

DC Workflow
Endorse or return a draft DC application
View an advised DC
Request to add a confirmation
Endorse or Return a draft DC amendment
Request for an amendment
Accept / Reject an amendment
Approve / Reject a DC Cancel request

Presentation Workflow

Presentation Workflow
Save a DP as draft and submit a Demand Presentation

Details

Endorse or return a draft DC application

Before sending the DC application to the issuing bank, the applicant may send the Draft copy to the beneficiary. The Beneficiary may either endorse the application, return it or make further changes before returning it to the applicant.

Video Guide (click here)

Maker

The maker receives a notification email when the applicant sends a draft.

  1. On the left menu, click the Export DC tab.
  2. In the summary listing, find and click on the DC be reviewed. The status will be Draft text - maker to review.
  3. Check the details of the DC. If everything is OK, then click on Endorse.( If you want to make further edits, then click on Edit. The DC form will become editable. If you do not want to endorse or edit, then simply click on Return)
  4. Preview will show you the details once more. Click Submit.
  5. A notification email is sent to the checker.

Checker

  1. On the left menu, click the Export DC tab.
  2. In the summary listing, find and click on the DC be reviewed. The status will be Draft text - checker to review.
  3. Check the details of the DC. If everything is OK, then click on Verify, (Click Decline to return it to the maker)
  4. A notification email is sent to the approver.

Approver

  1. On the left menu, click the Export DC tab.
  2. In the summary listing, find and click on the DC be reviewed. The status will be Draft text - approver to review.
  3. Check the details of the DC. If everything is OK, then click on Approve, (Click Decline to return it to the maker)
  4. A notification email is sent to the applicant.

View an advised DC

The beneficiary is able to see the DC details as soon as it is applied by the applicant to the issuing bank, or earlier if the applicant has sent it to the beneficiary for co-drafting.

Once the DC is advised, the DC status changes to Issued and Advised. The beneficiary users get a notification email.

Video Guide (click here)

All users

  1. On the left menu, click on Export DC.
  2. In the summary listing, the latest DC will be visible first. Otherwise search the DC using the Contour ref in the Search box.
  3. Click on the DC record in the list.
  4. You will be able to see the full DC details.

Request for an amendment

Video Guide (click here)

Maker

  1. On the left menu, click the Export DC tab
  2. In the summary listing, click on the DC to be amended.
  3. Make the necessary data amendments on the form. Updated fields will be highlighted for easy review.
  4. Click on Send to Applicant. A preview page is shown.
  5. Review the changes on the preview page and click on Submit. The request is submitted to the checker and you return to the summary page.
  6. The amendment status is shown as Draft in progress - checker to review.
  7. A notification email is sent to the checker.

Checker

  1. On the left menu, click the Export DC tab
  2. In the summary listing, the DC will be highlighted to indicate an action for the checker. Click on the DC.
  3. The Amendments tab will be shown under the DC on the left pane. The right pane will show an overview of all amendment versions on the DC. The newly created draft version will be shown in the list, highlighted to indicate action to be taken by the user.
  4. Click on the draft version to be verified. You will see a summary of changes in this version. Click on View link to open the full details.
  5. Review the updates and click on Verify to complete the checking process. (Click on Decline to return the draft to the maker)
  6. Confirm the action in the pop-up dialog box. You will be redirected to the summary page. The amendment status will show Draft in progress - approver to review
  7. A notification email is sent to the approver.

Approver

  1. On the left menu, click the Export DC tab
  2. In the summary listing, the DC will be highlighted to indicate an action for the checker. Click on the DC.
  3. The Amendments tab will be shown under the DC on the left pane. The right pane will show an overview of all amendment versions on the DC. The newly created draft version will be shown in the list, highlighted to indicate action to be taken by the user.
  4. Click on the draft version to be verified. You will see a summary of changes in this version. Click on View link to open the full details.
  5. Review the updates and click on Approve to complete the checking process. (Click on Decline to return the draft to the maker)
  6. Confirm the action in the pop-up dialog box. You will be redirected to the summary page. The amendment status will show Draft in progress - Applicant to review
  7. A notification email is sent to the Applicant.

Endorse or Return a draft DC amendment

Video Guide (click here)

Maker

  1. On the left menu, click the Export DC tab
  2. In the summary listing, click on the DC to be amended. You will see the amendments tab, with the draft version highlighted.
  3. Make the necessary data amendments on the form. Updated fields will be highlighted for easy review.
  4. Click on Endorse. A preview page is shown. You can also click on Edit to make further changes.
  5. Review the changes on the preview page and click on Submit. The request is submitted to the checker and you return to the summary page.
  6. The amendment status is shown as Draft in progress - checker to review.
  7. A notification email is sent to the checker.

Checker

  1. On the left menu, click the Export DC tab
  2. In the summary listing, click on the DC to be amended. You will see the amendments tab, with the draft version highlighted.
  3. Review the endorsed amendment. Updated fields will be highlighted for easy review.
  4. Review the updates and click on Verify to complete the checking process. (Click on Decline to return the draft to the maker)
  5. Confirm the action in the pop-up dialog box. You will be redirected to the summary page. The amendment status will show Draft in progress - approver to review
  6. A notification email is sent to the approver.

Approver

  1. On the left menu, click the Export DC tab
  2. In the summary listing, the DC will be highlighted to indicate an action for the checker. Click on the DC.
  3. The Amendments tab will be shown under the DC on the left pane. The right pane will show an overview of all amendment versions on the DC. The newly created draft version will be shown in the list, highlighted to indicate action to be taken by the user.
  4. Click on the draft version to be approved. You will see a summary of changes in this version. Click on View link to open the full details.
  5. Review the updates and click on Approve to complete the checking process. (Click on Decline to return the draft to the maker)
  6. Confirm the action in the pop-up dialog box. You will be redirected to the summary page. The amendment status will show Draft text endorsed - Applicant to review
  7. A notification email is sent to the Applicant.

Request to add a confirmation

If the confirmation instruction is May Add, and the DC was issued without a confirmation, then the beneficiary can at any time request the confirming party to add a confirmation.

Video Guide (click here)

Maker

  1. On the left menu, click the Export DC tab.
  2. Select the DC to which confirmation is to be added.
  3. Scroll to the bottom, and click on Request Confirmation
  4. Preview the action and click on Submit.
  5. A notification email will be sent to the checker.

Checker

  1. On the left menu, click the Export DC tab.
  2. Select the DC to which confirmation is to be added.
  3. Scroll to the bottom, and click on Verify
  4. Confirm your action in the pop-up dialog box. Add optional comments to the approver.
  5. A notification email will be sent to the approver.

Approver

  1. On the left menu, click the Export DC tab.
  2. Select the DC to which confirmation is to be added.
  3. Scroll to the bottom, and click on Approve
  4. Confirm your action in the pop-up dialog box. Add optional comments for internal reference.
  5. The request is sent to the confirming party along with a notification email.

Accept / Reject an amendment

Video Guide (click here)

Maker

  1. On the left menu, click the Export DC tab
  2. In the summary listing, click on the DC to be amended. You will see the amendments tab, with the new amendment version highlighted.
  3. Review the changes. Updated fields will be highlighted for easy review.
  4. Click on Accept. A preview page is shown. You may also Reject the amendment if you do not want to accept.
  5. Review the changes on the preview page and click on Submit. The request is submitted to the checker and you return to the summary page.
  6. The amendment status is shown as Amended - checker to review.
  7. A notification email is sent to the checker.

Checker

  1. On the left menu, click the Export DC tab
  2. In the summary listing, click on the DC to be amended. You will see the amendments tab, with the draft version highlighted.
  3. Review the endorsed amendment. Updated fields will be highlighted for easy review.
  4. Review the updates and click on Verify to complete the checking process. (Click on Decline to return the draft to the maker)
  5. Confirm the action in the pop-up dialog box. You will be redirected to the summary page. The amendment status will show Amended - approver to review
  6. A notification email is sent to the approver.

Approver

  1. On the left menu, click the Export DC tab
  2. In the summary listing, the DC will be highlighted to indicate an action for the checker. Click on the DC.
  3. The Amendments tab will be shown under the DC on the left pane. The right pane will show an overview of all amendment versions on the DC. The newly created draft version will be shown in the list, highlighted to indicate action to be taken by the user.
  4. Click on the draft version to be approved. You will see a summary of changes in this version. Click on View link to open the full details.
  5. Review the updates and click on Approve to complete the checking process. (Click on Decline to return the draft to the maker)
  6. Confirm the action in the pop-up dialog box. You will be redirected to the summary page. The amendment status will show Amended.
  7. A notification email is sent to all parties indicating that the amendment was accepted.

Approve / Reject a DC Cancel request

When the applicant creates a DC cancel request (using P2P message), a notification email is sent to all parties.

Video Guide (click here)

Maker

  1. On the left menu, click the Export DC tab
  2. In the summary listing, click on the DC to be cancelled.
  3. Click on the P2P message section under the DC
  4. You will see the DC cancel request. Click on it to see the details.
  5. Click on Approve Request to approve cancellation. Confirm the action in the pop-up dialog box.
  6. A notification email will be sent to the checker.

Checker

  1. On the left menu, click the Export DC tab
  2. In the summary listing, click on the DC to be cancelled.
  3. Click on the P2P message section under the DC
  4. You will see the DC cancel request. Click on it to see the details.
  5. Click on Verify to verify cancellation. Confirm the action in the pop-up dialog box.
  6. A notification email will be sent to the approver.

Approver

  1. On the left menu, click the Export DC tab
  2. In the summary listing, click on the DC to be cancelled.
  3. Click on the P2P message section under the DC
  4. You will see the DC cancel request. Click on it to see the details.
  5. Click on Verify to verify cancellation. Confirm the action in the pop-up dialog box.

If all parties have approved, then it is indicated by the system under the P2P message. Now the issuing bank can proceed to cancel the DC.

Save a draft and submitting a Demand Presentation

Once a DC has been issued and advised, the beneficiary can present documents against the DC.

Video Guide (click here)

Maker

  1. On the left menu, click the Export DC tab.
  2. In the summary listing, click on the DC under which you want to make a presentation.
  3. Click on DC form option. Scroll to the bottom of the DC form and click on the Present button.
  4. A new tab (DP1) is created under the DC, on the left pane. Click on the tab and enter the Overview section
  5. Select your document source as Contour.
  6. Select the bank to which the documents are to be presented (Present To). Optionally select another bank if you wish to present through any other bank on Contour. Click on Save and Next
  7. Enter details in the Cover letter by Beneficiary. You can give additional instructions, account details for charges or for proceeds, and other details. Click on Save and Next.
  8. The left pane will show the list of all documents that are required for a valid presentation, as per the issued DC.
  9. In the Invoice tab, upload your invoice information. If the invoice is being transferred outside of Contour, then click on Documents will be transferred outside of Contour and specify the mode of transfer. You may select one of the several third party e-BL platforms, courier, registered post, or mention the mode of transfer of your choice. You may also leave the Invoice tab empty if the document is not required for the presentation. Click on Save and Next.
    Mode of Transfer
  10. Upload all other documents as specified in the DC, on each page.
  11. If the document is being transferred outside of Contour, specify the mode of transfer. You may select one of the several third party e-BL platforms, courier, registered post, or mention the mode of transfer of your choice. Mode of Transfer
  12. Enter the reference number of the document, as given on the external platform. This will help the nominated bank to find the document on the external platform. If you are sending via courier or registered mail, then mention the tracking id. Mode of Transfer Reference No

  13. Incase, during presentation, any of the required documents under the DC are not applicable to this presentation, specify by selecting the option This document is not available for this presentation and proceed with uploading the other available documents. Document not available

  14. Click on Save Draft button to save your work as a draft. The presentation will be saved, and is available to resume working at a later time. This is not yet submitted to the checker.

Submission of the DP
  1. Once you return to the draft DP, complete the application (if it was incomplete).
  2. Provide a certification of completeness, at the bottom of the DP. Or indicate that the certificate of completeness will be sent along with mailed documents.
  3. Click on Submit presentation.
  4. Preview the DP and click on Submit.
  5. The status of the Presentation will show Draft in progress - checker to review.

Checker

  1. On the left menu, click the Export DC tab.
  2. In the summary listing, click on the DC under which you want to verify a presentation.
  3. In the left pane, click on the presentation to be verified (DP1, DP2 etc). Review all documents and the cover letter.
  4. Click on Verify to complete verification. Add comments in the pop-up dialog box.
  5. The status of the Presentation will show Draft in progress - approver to review.

Approver

  1. On the left menu, click the Export DC tab.
  2. In the summary listing, click on the DC under which you want to verify a presentation.
  3. In the left pane, click on the presentation to be verified (DP1, DP2 etc). Review all documents and the cover letter.
  4. Click on Approve to complete verification. Add comments in the pop-up dialog box.
  5. The presentation status in summary page will show Bank review If confirmation is required by the DC, then the presentation is first sent to the confirming bank.