Adding a Commercial Letter of Credit Transaction

Complete the following steps to create a Commercial Letter of Credit document.

1. Navigate to OnBoard Loans.
2. Select Loans > Commercial Letter of Credit.
3. Select the Add New tab.
4. Complete the General Information, Terms, Reimbursement, and Expiration Date sections.
5. Select Save.
   The Applicant and Beneficiary (Payee) nodes are available for selection.
6. Select the Applicant node.
7. Follow the steps below to complete the Applicant node.

   Situation	Steps
   Applicant is an individual	Select Individual in the Party Type field. Complete the remaining fields. Select Save.
   Applicant is an entity	Select Entity in the Party Type field. Complete the remaining fields. Select Save. Select the Signers tab. Complete the Signer Detail section. Select Save.

   Note You can select the Spyglass on the Name fields to select an existing customer. For existing customers with a foreign address in core, a CIF Foreign Address Conversion screen appears to convert the address to city, state, and postal code for documentation purposes.
   The applicant is added to the Existing tab.
8. Select the Beneficiary (Payee) node.
9. Complete the General Information and Beneficiary (Payee) Information sections, then select Save.
   The beneficiary (payee) is added to the Existing tab.
10. Select the Doc Manager node.
    Note The Doc Manager node is not available until the Applicant and Beneficiary (Payee) nodes are complete.
    The documents are automatically generated.
11. Perform maintenance to documents as needed.
    From the Doc Manger node, you can add additional internal documents through the Internal Docs tab, and you can zip or print documents. When you perform maintenance on the Characteristics, Applicant, or Beneficiary (Payee) nodes, the documents are automatically regenerated when you select the Doc Manager node.