Letter of Credit
Enter or select a valid letter of credit number. Displayed LCRs for the vendor have a status of either Open or Planned. This field is required if the LCR Required field is selected for this vendor on the Vendors or Multi-Site Vendors form.
An error message displays and processing will not continue, if:
- an invalid LCR number is entered, or
- an LCR with a status of Expired or Complete is entered.
If the LCR is not revolving and a PO already exists with the entered LCR number, this error message displays:
Vendor Letter of Credit is not equal to Revolving for Vendor Letter of Credit that has [LCR: ##]
Purchase Order that has [PO: ##] and [LCR: ##] exists.
Note: If a change
is made to the exchange rate on the Purchase Orders
form, and a letter of credit exists for this order, the accumulated values
on the letter of credit will be adjusted.