Commercial Letter of Credit

The following section contains information on the functions and features available to users on the Commercial Letter of Credit node.

You can create a Commercial Letter of Credit transaction within OnBoard Loans through the Commercial Letter of Credit node on the Loans menu.

You can define the terms, applicants, and beneficiaries associated with the transaction through the Characteristics, Applicant, and Beneficiary (Payee) nodes. A Doc Manager node is also available to generate documents automatically.

The following roles must be assigned in Administration > Security > Role Management to grant access to the Commercial Letter of Credit node:

• LoansCommercialLetterofCredit
• LoansCommercialLetterofCreditApplicant
• LoansCommercialLetterofCreditBeneficiaryPayee
• LoansCommercialLetterofCreditCharacteristics
• LoansCommercialLetterofCreditDocManager