Creating a Vendor Letter of Credit

To create a new letter of credit (LCR) for a vendor, follow these steps:

1. On the Vendor Letters of Credit form, select Actions > New.
2. Select the vendor.
3. Enter the LCR number.
4. Select the expiration date.
5. Select the currency type.
6. Enter a confirmation number.
7. Select one or more of these types of LCRs:
   • Confirmed
   • Revolving
   • Revocable
8. Enter the LCR amount.
9. Select the bank code.
10. Enter the address, if necessary.
11. To save the LCR, select Actions > Save.