Bank Guarantees (tpctm0120m000)

Use this session to create and maintain the bank guarantee data for a contract.

Field Information

Contract

The contract for which you define the bank guarantee.

Description

The description or name of the code.

Contract Line

The contract line for which you define the bank guarantee.

Description

The description or name of the code.

Project

The Project linked to the contract.

Description

The description or name of the code.

Project Status

The status of the project. The project status is important for following the right course throughout the project life cycle.

Bank Guarantee
Bank Branch

The code that uniquely identifies the bank branch.

Description

The description or name of the code.

Guarantee Type

The type of guarantee provided by the bank.

Allowed values

Accessory

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

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

The amount guaranteed by the bank.

Currency

The currency of the amount.

Bank Guarantee Percentage

The guarantee amount in percentage.

Effective Date

The date when the validity period of the bank guarantee starts.

Expiry Date

The date when the validity period of the bank guarantee ends.

Expiry Event

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. LN allows you to select a milestone only when a project is linked to the bank guarantee.
Description

The description or name of the code.

Bank Guarantee Reduction Amount

The amount reduced from the total guarantee amount.

Bank Guarantee Reduction %

The guarantee reduction amount in percentage.

Reduction Date

The date on which the reduction amount is effective.

Text

If this check box is selected, a text is present.

Tracking
Created by

The user who creates the bank guarantee data.

Description

The description or name of the code.

Creation Date

The date when the bank guarantee is created.

Last Modified by

The user who last modifies the data.

Description

The description or name of the code.

Last Modified on

The date when the bank guarantee data is last modified.