Creating a Customer Letter of Credit

  1. Open the Customer Letters of Credit form.
  2. Select Actions > New.
  3. Specify this information:
    Customer
    Select a customer number.
    LCR
    Specify a number for the letter.
    Date Issued
    The current date is displayed.
    Status
    Select the status of the letter:
    • Planned
    • Open
    • Expired
    • Complete
    Expiration Date
    Select an expiration date for the LCR.
  4. Select the currency type.
  5. Optionally, select a confirmation number.
  6. Select one or more of these conditions for the LCR:
    • Confirmed: Confirms the letter of credit.
    • Revolving: The letter of credit can be used on multiple orders.
    • Transferable: The letter of credit is transferable.
    • Revocable: The letter of credit is able to be revoked.
  7. Specify the LCR amount.
  8. Specify the bank name and address.
  9. Save the LCR.
Related topics