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Bills and Collections

About

A bill, as an instrument of international trade, is the most commonly used method for a seller to be paid through banking channels. Besides credit risk considerations, bills are the customary business practice for trade and a particularly important fee-earning service for any bank.

 

The Bills and Collections (BC) module supports the processing of all types of bills, both domestic and international. It handles the necessary activities during the entire lifecycle of a bill once it is booked.

 

In an effort to empower banks in handling a high volume of credit and to enable banks to provide superior services to customers, Oracle FLEXCUBE comes with the following features:

  • Incoming Bills under LCs

  • Incoming Bills not under LCs

  • Outgoing Bills under LCs

  • Outgoing Bills not under LCs

  • Incoming Collections

  • Outgoing Collections

  • Usance or Sight Bills

  • Documentary or Clean Bills

Learning Objectives

  • Learn the standard Features for Specific Bill Contract using Flexcube Universal Banking Solution.

  • Analyse the inter-relationship between letter of credit and usance bills payment.

  • Understand the complete lifecycle tracking and processing  of bills and collection.

  • Interpret the various trade finance techniques like factoring and forfaiting.

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