Bank Guarantees (tpctm0120m000)
Use this session to create and maintain the bank guarantee data for a contract.
Field Information
- Contract
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The contract for which you define the bank guarantee.
- Description
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The description or name of the code.
- Contract Line
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The contract line for which you define the bank guarantee.
- Description
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The description or name of the code.
- Project
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The Project linked to the contract.
- Description
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The description or name of the code.
- Project Status
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The status of the project. The project status is important for following the right course throughout the project life cycle.
- Bank Guarantee
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- Bank Branch
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The code that uniquely identifies the bank branch.
- Description
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The description or name of the code.
- Guarantee Type
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The type of guarantee provided by the bank.
Allowed values
- Accessory
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Based on the contract, the bank is required to pay a claim only if the beneficiary can prove the validity of the same.
- Non-Accessory
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The guarantee is not linked to an agreement. The beneficiary can make a claim prior to proving the validity of the same.
- Bank Guarantee Amount
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The amount guaranteed by the bank.
- Currency
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The currency of the amount.
- Bank Guarantee Percentage
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The guarantee amount in percentage.
- Effective Date
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The date when the validity period of the bank guarantee starts.
- Expiry Date
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The date when the validity period of the bank guarantee ends.
- Expiry Event
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The milestone that determines the expiry of the bank guarantee.
Note: This field is enabled only when you link a project to the bank guarantee using the Project field. Infor LN allows you to select a milestone only when a project is linked to the bank guarantee. - Description
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The description or name of the code.
- Bank Guarantee Reduction Amount
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The amount reduced from the total guarantee amount.
- Bank Guarantee Reduction %
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The guarantee reduction amount in percentage.
- Reduction Date
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The date on which the reduction amount is effective.
- Text
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If this check box is selected, a text is present.
- Tracking
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- Created by
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The user who creates the bank guarantee data.
- Description
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The description or name of the code.
- Creation Date
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The date when the bank guarantee is created.
- Last Modified by
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The user who last modifies the data.
- Description
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The description or name of the code.
- Last Modified on
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The date when the bank guarantee data is last modified.